Webjet business grows 6x Aussie market rate

A cardboard space rocket launching with crumped paper as clouds of smoke on a blue background.

Webjet’s Chairman Roger Sharp has issued his annual report letter this morning, and it shows quite a good year for the OTA.

The company posted a earnings before interest and tax of %51 million, up more than 40 per cent on 2016 results.

“FY 2017 was a milestone year for Webjet Limited, with strong organics growth in bookings, revenues and profit,” Sharp said.

“Our customers’ activity tells the story succinctly: three-year CAGR in organic travel bookings is 26 per cent across the business and 36 per cent after acquisitions.

“Webjet’s OTA business delivered an impressive performance with domestic and international flight bookings growing more than six times the market rate in Australia.”

Sharp zoned in on the company acquisitions, in particular the major B2B business, JacTravel, which now sits the WebBeds division as the second strongest B2B hotels business in the world.

“Online Republic, now fully integrated, delivered robust bookings growth and has provided car hire to the Webjet OTA since January 2017,” he said.

“The sale of Zuji in Singapore and Hong Kong in December 2016 generated a capital profit of $28 million, allowing us to focus on higher growth B2B opportunities in the Asian market.

“The foundations have been laid for continuing growth,” Sharp concluded.

 

Email the Travel Weekly team at traveldesk@travelweekly.com.au

webjet

Latest News

  • Destinations
  • News

APT Launches 2025 Asia Adventures

APT has launched its Asia Adventures for 2025, including new luxury holidays in India, Sri Lanka and Japan. Five new tours lead guests to the highlights of India, including a seven-night cruise along the rarely travelled Lower Ganges aboard the Ganges Voyager. Further south, Sri Lanka’s greatest destinations are revealed on a new 15-day Land […]

  • Cruise
  • Luxury
  • News

Seabourn announces Western Kimberley Traditional Owners as Godparents of Seabourn Pursuit

Seabourn has named Western Kimberley Traditional Owners, the Wunambal Gaambera, as Godparents of the ultra-luxury purpose-built Seabourn Pursuit. It is the first cruise line to appoint Traditional Owners as godparents of a ship. Seabourn Pursuit embarks on its inaugural season in the Kimberley region this June. The naming ceremony will take place on Seabourn Pursuit’s […]

  • Luxury

Malolo Island Resort opens brand new Spa

Fiji’s Malolo Island has added another string to its bow – opening its $1.3 million day spa on Thursday, 18th April 2024. (Lead Image: matriarch Rosie Whitton with spa staff) Located at the edge of the resort’s luscious patch of tropical rainforest, the new “Leilani’s Spa” adds another level of elevated experiences to Malolo’s already […]