Toolfactory, which today is the holding company for the group, was founded as a specialist travel IT company.
Logitravel Online Travel Agency was launched. It is the most consumer recognised brand for the group, which is now the largest OTA in many key markets such as Spain.
Logitravel OTA expansion begins with its first new market abroad in Portugal.
First cruise award as best online travel agency. To date Logitravel OTA has received more than 100 awards from cruise lines like Costa Cruises, MSC Cruises, Norwegian Cruise Line or Royal Caribbean.
Logitravel Group turnover exceeds 500 milion euros.
Smyrooms, the Group’s global bedbank, is launched.
Strategic decision to acquire 2 DMC’s to improve product range and increase range of destination services.
Acquisition of the first 2 hotels to provide the group with guaranteed rooms in key destinations.
A further 11 new hotels added to Smyhotels, located in Spain, Italy, Greece and Tunisia.
Average annual growth since inception in 2004 is +57%.
Today the original Toolfactory founders are still owning 100% of the shares of the company and still working in the company.