Magellan Business Model: It's simple
The reporting of sales of Magellan preferred products.
Magellan Travel Group reports in detail,
and in a timely manner:
. All sales of preferred and contracted
suppliers by individual member agent.
. Total sales of all products as a group.
This reporting provides a totally
transparent sales report for individual
member agent's use only. Agent's
business information is held in the
strictest confidence and is for the use of
the individual member only.
Financial Benefits
Magellan Travel group has negotiated
industry leading point of sale
commissions and over-rides for its
Members.
Over-rides are distributed to members
as soon as possible following receipt
from suppliers and are distributed on a
pro-rata basis, based on the turnover
written through the Group.
All sales are identified and the operation
is totally transparent.
Detailed reporting on earnings achieved
for each Member by individual suppliers
is made available.
Management Structure
The Magellan Group has a small, tightly
run Head Office comprising:
A General Manager to secure the best
supplier agreements, ensure that the
maximum return is gained for members
and manage member communication
and supplier relations.
A Company Secretary to manage
corporate governance, financial
management and reporting and
payment and reporting of over-rides.
This role is outsourced to Whiteside
Andrews, a long established and
successful accountancy practice in the
East of Melbourne.
Magellan formation
The Magellan Travel Group was
formed by three Travel Agents who
were concerned about the number of
takeovers and changes of ownership
taking place in the managing companies
of Travel Agency networks.
Andrew Jones, Trevor Jones and Kevin
Dale are high profile, long standing
members of the Travel Industry and
together they shared a vision to develop
a new Group to cater for the needs of
strong, independent, successful Travel
Agents. They formed Magellan Travel
Group in April 2008 with this objective
in mind.
Governance
Magellan Travel Group operates on
an inclusive basis whereby member
agents have input into policy and
management decisions. In particular,
decisions with respect to corporate
structure and ownership cannot be made
without reference to members. This is
embedded into the rules of the Unit Trust
Deed so as to provide assurance and
protection to member agents.
« Back