Cheapflights.co.uk, the UK's most comprehensive and leading flights price search and comparison site, is proud to announce that it has achieved a place in the prestigious Sunday Times Microsoft Tech Track 100 league table for 2006. Featured in Tech Track 100 for the third year running, Cheapflights achieved its highest placing to date at No.64. The 2006 Tech Track 100 ranks Britain's fastest-growing private tech companies based on their 2003-2005 sales growth. Tech Track 100 is compiled by Fast Track and published in The Sunday Times each September, with an awards event in November and regional dinners throughout the year.
Established ten years ago, Cheapflights has maintained a consistently high rate of growth to become the UK's leading vertical price search and comparison site for flights. With up to date deals supplied daily from literally hundreds of airlines and travel operators, Cheapflights sorts over 10 to 12 million prices a day and publishes about 1.5 million of these on its www.cheapflights.co.uk site.
Profitable since 1996, Cheapflights has achieved its continued growth without recourse to external financing by investing from its cash flow. By providing its advertising partners with a neutral, high traffic online marketing platform and its constantly growing band of users with a huge choice of competitive flights prices, last year Cheapflights achieved 1% of all UK internet advertising and just over 10% of all online travel advertising according to IAB figures. This translated into an estimated massive £1 billion worth of travel sales last year for its advertising partners derived from high quality leads from Cheapflights.
Commenting, Cheapflights' CEO David Soskin said: "Cheapflights strives to innovate and provide a useful travel resource to the UK's increasingly sophisticated users of on line information. Therefore we very much value our continuing place in this annual accolade of all that is best in the UK's technology sector. We are a company committed to providing both our advertising partners and our users with the best possible travel information and flights search and price comparison service".
Notes to Editors
Cheapflights Ltd. Founded in 1996 and profitable since launch, Cheapflights is the UK’s leading UK flight price comparison web and pioneered the travel price comparison model in the UK and also introduced pay-per-click in the UK in 2000.
Cheapflights does not sell any travel products. Each day, it displays over one million constantly updated prices supplied by hundreds of travel partners worldwide. These deals can be accessed online or by telephone direct with the advertiser from links or information on our site. This makes Cheapflights one of the most comprehensive independent publishers online of flight and other travel deals available
Leading online measurement company Hitwise has described Cheapflights as ‘the UK’s favourite travel price comparison site’. Hitwise's statistics also show Cheapflights as being the UK's top vertical search and comparison site for the past 15 quarters. The Company's unique user numbers globally reached 5.25 million in January 2006.
Cheapflights estimates that it generated travel product sales of over £1 billion for its advertising partners in 2005. These advertisers read like a Who’s Who of the travel world - ranging from British Airways, Thomson, Expedia, Travelocity and Thomas Cook to specialist operators like STA Travel , Mark Warner and Iglu.com.
Cheapflights is one of the few British internet companies successfully to establish an operation in the USA with Cheapflights.com. Launched in May 2003, with 2 million unique users a month it is already in the top 13 USA travel sites. The Company has launched UK and USA "Flight News" blog sites.
Cheapflights' independent status as an online travel price search and comparison and travel news site makes it a natural starting point for finding travel deals and up-to-date travel industry information.
Travel Web Sites:
www.Cheapflights.co.uk; www.Cheapflights.com;
"Flight News" Blog sites:
UK News: http://news.cheapflights.co.uk; US News: http://news.cheapflights.com
