eDreams Odigeo, one of Europe’s largest online travel agencies (OTA), has reappointed its entire board for an additional three-year term, following strong support from shareholders at the company’s annual general meeting. This decision reflects continued confidence in the company’s leadership and the successful execution of its long-term growth strategy, which has seen remarkable progress over the past few years.

The reappointment comes at a time when eDreams Odigeo is on the brink of completing its ambitious 3.5-year strategic roadmap, which has transformed the company into a global leader in the travel subscription sector. When the board’s current tenure began in 2021, the company was navigating the severe disruptions caused by the COVID-19 pandemic, but its leadership has since overseen a period of impressive recovery and growth.

Significant Growth in Subscriber Numbers

One of the most notable achievements under the board’s leadership has been the exponential growth in subscribers to eDreams Odigeo’s Prime platform—the world’s first travel subscription service of its kind. In 2021, eDreams Odigeo had around 876,000 subscribers, but in the three years since, that number has risen seven-fold to 6.2 million.

This rapid growth places the company on track to achieve its target of 7.25 million subscribers by March 2025, a key milestone in its strategic vision. This growth in subscribers has not only expanded the company’s customer base but also solidified its reputation as an innovative leader in the online travel space.

Financial Performance and Strategic Goals

The company’s financial performance has been equally impressive, with profits (EBITDA) expected to exceed €180 million by the end of the fiscal year 2025. This is a testament to the board’s ability to steer the company through challenging economic conditions while maintaining a focus on long-term growth and profitability.

eDreams Odigeo’s strategic goals are centered around continued innovation in the travel industry, particularly through its Prime subscription service, which offers members access to exclusive travel discounts and benefits. The company’s long-term strategy also focuses on improving customer experience through technology and expanding its presence in key markets across Europe and beyond.

Shareholder Confidence and Leadership Continuity

The overwhelming approval of the board’s reappointment by shareholders highlights their confidence in the current leadership’s ability to continue driving the company’s success. As eDreams Odigeo approaches the final stages of its current strategic roadmap, the reappointment ensures continuity in leadership during a crucial phase of the company’s development.

In a statement, Thomas Vollmoeller, Chair of the eDreams Odigeo board, expressed gratitude for the shareholder support, saying, “We are grateful for the strong support from our shareholders, which reflects their confidence in both our achievements and our vision for the future.”

Vollmoeller went on to emphasize the significance of the board’s leadership in achieving the company’s current success: “I am thankful for the forceful transformation we’ve led across our business, and we remain fully committed to continuing this trajectory of success as the world’s first and largest travel subscription platform.”

Laurence Berman Appointed as New Independent Director

In addition to the reappointment of existing board members, shareholders also confirmed the appointment of Laurence Berman as a new independent director. Berman brings a wealth of experience to the eDreams Odigeo board, having served as a non-executive board member at PortAventura World, a renowned theme park in Spain. His expertise in corporate governance and strategic development will be invaluable as eDreams Odigeo embarks on its next phase of growth.

Thomas Vollmoeller welcomed Berman to the board, stating, “We extend a warm welcome to Laurence Berman, whose expertise will further strengthen our board and help us deliver on our strategic goals as we embark on our next phase of growth.”

Transformation and Innovation in the Travel Industry

Since 2021, eDreams Odigeo has been at the forefront of a transformative shift in the travel industry, with the launch and rapid expansion of its Prime subscription platform serving as the cornerstone of its strategy. Prime offers members exclusive access to discounted flights, hotels, and other travel services, a model that has resonated strongly with consumers seeking value and convenience in a highly competitive market.

The company has also focused on leveraging data and technology to enhance the customer experience, offering personalized travel recommendations, seamless booking processes, and improved service delivery. This technological innovation has been central to eDreams Odigeo’s ability to differentiate itself from other OTAs and build a loyal customer base.

Looking Ahead: A Focus on Sustainable Growth

With the board’s reappointment and Berman’s addition, eDreams Odigeo is well-positioned to continue executing its long-term vision for sustainable growth. The company’s focus on expanding its subscription model, coupled with its commitment to sustainability and customer satisfaction, will be key drivers of future success.

The company’s Prime platform remains the centerpiece of its strategy, and the target of reaching 7.25 million subscribers by March 2025 demonstrates the ambitious growth goals that the board and leadership team are committed to achieving. Additionally, as part of its broader strategic vision, eDreams Odigeo aims to further innovate in the digital space, enhancing its platform’s capabilities and ensuring it remains at the cutting edge of the travel industry.

A Strong Future for eDreams Odigeo

The reappointment of the board for another three-year term comes at a pivotal moment for eDreams Odigeo, as the company builds on its recent successes and prepares for the next phase of growth. The leadership team’s ability to navigate the challenges posed by the pandemic and emerge stronger underscores the board’s effectiveness in guiding the company through turbulent times.

As eDreams Odigeo continues to innovate and expand its market presence, shareholders, customers, and stakeholders can look forward to a bright future for the company. With a clear strategy, strong leadership, and an unwavering commitment to delivering value through its Prime platform, eDreams Odigeo is poised to maintain its position as a leader in the global online travel industry.

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