Piergiulio Donzelli named as the new CEO of Gattinoni Business Travel
Italian TMC Gattinoni Business Travel has reported a 30.2 per cent increase in yearly revenues for 2023, with €254 million in annual turnover.
The wider Gattinoni Group, which also includes divisions for leisure travel and events, posted a 40 per cent year-on-year surge, with earnings of €686.9 million in 2023. EBITDA amounted to €14,260 million.
The group anticipates further growth of approximately 12 per cent in 2024 and for the year's first quarter reported “very good performances” for all divisions, with a 20 per cent increase on the same period last year.
Gattinoni founder and president, Franco Gattinoni, said the group, which is currently undergoing a corporate restructure to streamline its 1,600+ owned and affiliated agencies, is now looking to increase margins further with aims to reach €1 billion in group turnover by 2026.
“Finally, after difficult years due to the pandemic and post pandemic, we have [now] achieved good results in terms of margins. Each branch of activity has been marked by improvements, [and] market penetration is increasingly wider, both in leisure and in business travel and events,” he said in a statement.
Gattinoni’s restructure will see the group organised into three divisions: travel, business travel and events, with Piergiulio Donzelli named as the new CEO of Gattinoni Business Travel.
Based in Milan, Donzelli has held senior managerial positions with rival TMCs Uvet and ACI Blueteam, most recently serving as the CEO of ACI Blueteam’s newly-launched US operations.
As part of his new role, Donzelli will oversee the merger between Gattinoni Business Travel and BTExpert, following Gattinoni’s acquisition of the latter in 2023.
The TMC was ranked as the sixth largest in Italy in BTN Europe's Leading TMCs 2023 report.