We are thrilled to announce that Traveltek rounded off a successful end to 2023, celebrating its 25th Birthday at the staff Christmas party back in December. This celebration was significant as it coincided with a record breaking year for Traveltek in the company's recurring revenues.
Since our inception in 1998, we have been committed to delivering innovative technology solutions and exceptional service to our clients in the travel and cruise industry, and this milestone is a testament to our enduring dedication and success.
Over the past 25 years, Traveltek has grown from a small startup to a leading player in the global travel technology industry. Our journey has been marked by continuous product innovation and a steadfast commitment to our core values. 2023 was a significant year in our strategic expansion with North America representing nearly 50% of our new business. Over the years, we have faced challenges, embraced opportunities, and consistently strived to exceed our clients' expectations.
As we reflect on our journey, we would like to express our sincere gratitude to our dedicated and talented team, loyal clients and suppliers, and supportive trade industry partners. Our success over the past quarter-century would not have been possible without their unwavering trust and support.
Mal Barritt, CEO of Traveltek, commented, “2023 was an outstanding year for us. Traveltek achieved record breaking company growth and recurring revenues. As we embark on the next chapter of our journey, we remain committed to our mission of delivering superior technology solutions that empower our clients and drive progress in the travel and cruise industry. We look forward to building on our legacy of innovation and excellence, and to continuing to serve our clients with the same passion and dedication that has defined us for the past 25 years.”