Vola.ro expects to triple online ticket booking business in Romania this year

Vola.ro online ticket booking company estimates a turnover of EUR 14 million for 2011, an almost three-fold increase compared to 2010, when the company generated revenues of EUR 5.3 million. The company recorded revenues of EUR 2.7 million in the first quarter of 2011, almost three times more on the same period last year. Total number of tickets sold through Vola.ro in the first quarter was of 11,520, more than double compared to the same period of 2010. In 2011, approximately 40 percent of the customers' payments to Vola.ro were made online by credit card, while the rest were made though traditional methods like bank transfer, bank deposit or cash at the agency. Vola.ro was launched in April 2007 as an online ticketing agency. The company is owned by Moisey Ltd. investment fund in Cyprus. Daniel Truica, the company's managing partner is also a shareholder with a 33.3 percent stake. Irina Popescu, irina.popescu@romania-insider.com