However, the travel management company’s annual performance to March 31 was helped by a strong performance by its Fraedom technology business, which saw revenues rise by 13% and operating profit ahead by 75%. HRG’s full year pre-tax profit rose by 15% to £26.7 million despite a 4% drop in revenue to £328.3 million year-on-year , with most of the decline driven by Europe and the Asia Pacific regions. Looking forward, the company said it saw similar conditions in the UK and North American travel markets during the next 12 months, with variable conditions in Europe and continued softness in Asia Pacific. Get the full story at Travel Weekly UK