Spanish ticketing operator Taquilla.com more than doubled its turnover during 2016.

In an update, the Madrid-based company said it achieved sales worth around €10.5m (£9.2m/$11.1m) over the course of the 12 months.

It also estimated that customers who bought bargain tickets for sports events, concerts and attractions through its portal saved around €2m in total.

Taquilla.com, which collates more than 50,000 ticket prices per day from more than 30 sales channels, said its success is due to its market-leading systems.

“Despite the turmoil of the ticketing sector at the national level, this young 100 per cent Spanish company has been able to maintain its growth trend of previous years basing its strategy in two fundamental pillars: technology and equipment,” said David Fraga, founder of Taquilla.com.

“Although we have developed our activity within the ticketing sector, Taquilla.com is an eminently a technological company. It is the quest for technological excellence that has allowed us to grow uninterrupted from the first day, without any external financing – using only our own resources – and despite the great difficulties involved in a business model like ours.”

Taquilla said it hopes to achieve growth in 2017 by partnering with third-party operators.

Fraga added: “Travel agencies, tourist offices and major media are just some of the many actors who are benefiting from access to the huge database of events we have. Integration of our ticket search and price comparison on their own websites allows their own customers to save time and money.”