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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/travel-firm-offers-profits-cheer.jpg"><img class="alignnone size-full" title="Corporate travel specialist Hogg Robinson has upped its profits guidance after it enjoyed a bounce back in business trips" src="http://londonglossy.com/wp-content/uploads/2011/02/min-travel-firm-offers-profits-cheer.jpg" alt="Corporate travel specialist Hogg Robinson has upped its profits guidance after it enjoyed a bounce back in business trips"/></a></p>
<p>Corporate travel specialist Hogg Robinson has upped its profits guidance after it emerged unscathed from snow-hit December and enjoyed a bounce back in business trips.</p>
<p>The Basingstoke-based firm, which provides travel services to clients worldwide including the UK&#8217;s Ministry of Defence and Foreign Office, said travel bookings surged 15% in the four months to January.</p>
<p>Hogg said Arctic conditions in December had no financial impact on the business as travel bookings increased in all its regions, with the highest growth in Asia Pacific.</p>
<p>The company said the severe weather presented opportunities to provide travellers with alternative travel arrangements.</p>
<p>Hogg now expects underlying pre-tax profits to be slightly ahead of market forecasts after reporting a 13% increase in revenue in the four months to January. Shares in the firm lifted 7% on the earnings cheer.</p>
<p>The group had to tighten its belt amid the recession as it bore down on businesses and hit corporate travel. But the company experienced a turnaround in the market and tripled its pre-tax profits to £13.3 million in the first half of its current financial year.</p>
<p>Hogg said the key markets in which it operates will continue to grow and it expects travel activity to increase as the global economic recovery continues.</p>
<p>David Radcliffe, chief executive of Hogg, said: &#8220;I am pleased to report that the encouraging revenue momentum that we saw through the first half of the year has continued.</p>
<p>&#8220;During a period that included some exceptionally difficult weather conditions, Hogg has been able to further demonstrate its value to clients as we work to help them make alternative travel arrangements.&#8221;</p>
<p>Analysts at the Centre for Economics and Business Research said on Tuesday that recent international studies &#8211; including data received from Hogg &#8211; showed improving hotel room rates, which suggested the industry was experiencing a strong recovery.</p>
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