From Tranås to online giants - here are the industry's highest margins

Travel News lists here 138 travel agencies that had a turnover of nearly 15 billion kronor and made over 1.3 billion in profit. The return on capital landed at 14 percent compared to the organisers' 7 and the hotels' 4 percent.

This does not mean that all travel agency owners are skipping to work. One in seven travel agencies reported a loss, but so did one in four tour operators and one in three hotels.

The most profitable is selling trips online. This is shown not least by Etraveli, which accounts for one-sixth of the industry's turnover and three-quarters of the total profit.