Growing demand boost for corporate travel specialist

The Basingstoke-based firm, which provides travel services to businesses worldwide, said client activity increased by 17 per cent and spend by 23 per cent in the year to March.

The group, whose customers include the UK Ministry of Defence and Foreign Office, said growth was driven by its Asia-Pacific market but noted an increase in overall travel spend in the UK.

Hogg Robinson, which also serves companies such as Volkswagen and Rolls-Royce, reported a 36 per cent surge in pre-tax profits, to £28.9m, in the period.

David Radcliffe, the chief executive of Hogg Robinson Group, said: “I am delighted to report on another good year for HRG, which has been marked by strong growth in revenue and earnings and supported by a strong recovery in global business travel.

“In light of this performance, the board has recommended a 25 per cent increase in the dividend. We anticipate the positive momentum that we have seen in our markets to continue.

“We will continue to innovate and invest for the longer term, and expect to make further progress through the course of the year.”