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YTB Names Former Carnival Exec to BoardApril 30, 2008 By: George Dooley
YTB International, the controversial provider of Internet-based travel booking services for travel agencies and home-based independents, announced the appointment of former Carnival Cruise Lines' president and CEO Bob Dickinson and Florida State Senator Burt Saunders, Esq. to its Board of Directors, effective immediately. Dickinson, a highly regarded executive, remains a member of the Board of Carnival Corp.
Commenting on the addition of Dickinson and Saunders to the YTB Board of Directors, J. Lloyd Tomer, chairman said: “I believe that these additions will bring necessary and valuable resources to the company, while enhancing our efforts to further build the YTB brand and reputation.”
In related news, YTB announced its financial results for the twelve-month period ending December 31, 2007. Total revenue for the year ended December 31, 2007 increased 177 percent to $141 million, compared to $51 million for the previous year.
YTB said that while only the commissions arising from RTAs' (Referring Travel Agents) booking of travel services booked on the RTAs' websites are reflected as a component of the company's revenues, YTB also keeps track of the aggregate retail value of all travel services that are sold by its RTAs' websites (which directly impacts commission revenues). Visit www.ytb.com.