A tour operator that organises trips to more than 40 countries has reported strong growth in its latest financial results boosted by a rise in passenger numbers. The group was acquired by a new private equity owner earlier this year.
Great Rail Journeys is focused on rail tours for UK travellers in the UK and around Europe.
From its headquarters in York, GRJ offers a curated portfolio of multi-modal, premium tours – by rail, river and more – with about 400 itineraries to more than 40 countries, predominantly catering to the over 55 demographic.
In May 2025, the company announced that Vitruvian Partners had led a buyout from Duke Street. The deal will enable GRJ to target further growth, with a particular focus on the UK, US and other source markets.
Recently filled accounts for parent company Bucharest Topco Ltd show revenue of £143.2m was recorded in the year ending 31 October 2024, up from £112.5m in 2023.
Operating profit before amortisation was £10m, up from £345,000, while pre-tax losses reduced to £10.8m from £20.5m the previous year.
GRJ said growth reflected an increase in both passenger volumes and average selling prices across its product ranges.
Dave Riley, chief executive at Great Rail Journeys, said: “I am really pleased with the strong financial performance we delivered in 2024, having grown revenue by 27 per cent to £143m through a combination of increased passenger volume and higher mix of premium tours.
“Over 50,000 customers from the UK, US and Australia travelled with us on more than 250 tours in 40-plus countries, reflecting the fantastic packages that we offer to suit a variety of customer tastes and needs.
“I would like to take this opportunity to thank the Great Rail Journeys team for their hard work and dedication to ensure that both our new and returning customers continue to experience the very best escorted rail tours and river cruises.”
