Revenues rise to €160 million at travel tech company CarTrawler

New chief executive Peter O’Donovan said despite global economic concerns, there is still huge pent-up demand from consumers to travel

Peter O’Donovan, CarTrawler chief executive: ‘People may be looking for better value or quality options, so they are being more discerning, but ultimately they still want to travel’

CarTrawler has reported a doubling of revenues to €160 million for the year ending September 30 as it continues to rebound from the Covid crisis.

TowerBrook, the British private equity group, took control of the business in return for a €100 million cash injection in 2020 after the travel tech company was thrown into emergency debt restructuring talks amid the grounding of airline fleets during the pandemic.

Speaking to the Business Post, Peter O'Donovan, who ...