Helloworld reports booming September quarter as demand for leisure travel remains strong

Helloworld reports booming September quarter as demand for leisure travel remains strong
Edited by Travel Weekly


    Helloworld has given a trading update for the September quarter, highlighting a continued demand for leisure travel in Australia and New Zealand.

    Helloworld’s underlying EBITDA for the first quarter (unaudited) was $16.8 million, compared to $5.5 million in Q1 2023.

    Its total transaction value for the quarter (unaudited) was $1.23 billion, up 120 per cent on the prior corresponding period.

    Total revenue for the quarter (unaudited) was recorded at $53.6 million, a 67 per cent rise on the same period last year while the company commented on a decline in revenue margin, which it says is a result of combining its revenue margin for the period with the Express Travel Group’s – which it recently acquired – revenue margins for the period.

    The report notes the stabilisation of the network over the last 12 months as well as a significant growth in total transaction value for retail bookings in Australia and New Zealand compared to the previous corresponding period.

    It also reinforces that consumers are continuing to seek out travel professionals to help craft and manage travel demands and highlights the Express Travel Group acquisition as significantly adding to the businesses overall retail footprint in Australia and New Zealand.

    Helloworld’s positive outlook can be linked to the return of both international and domestic travel as travellers book more complex international travel with longer lead times and higher average spend per person as well as a drastic increase in global cruise capacity.

    Another major point which is highlighted in the report is the strong financial position of the company, its September quarter report stated

    Zero external borrowings and strong liquidity. all recent acquisitions have been funded from internal resources.

    The entire report can be found HERE.

    Latest News

    • Luxury

    COMO launches new family-sized farmhouse in the heart of Tuscany

    COMO Hotels and Resorts has launched its new farmhouse apartments in the heart of Tuscany, just in time for Australians to escape our wet winter. And it’s also an ideal time for Aussies of Italian ancestry to explore their home country as 2024 has been declared the year of Roots and Heritage Tourism by the […]

    • Aviation

    Green light, green fuel for Townsville Airport as passenger numbers set to double to 3.7m

    The Townsville Airport Master Plan, including the expansion of the airport terminal and development of the surrounding precinct, has been given the green light by the Federal Government. The 2023 plan outlined Townsville Airport’s strategic vision and growth objectives over the next two decades, with a detailed focus on the initial eight years. Townsville Airport […]

    • Destinations
    • News

    New Caledonia in lockdown and airport closed after violent riots rock Noumea

    New Caledonia officials have announced a 6pm-6am curfew, a liquor ban and have closed the country’s main airport after overnight riots in which vehicles were torched and roads blocked in the wake of proposed constitutional reforms. Australian Government website Smartraveller has issued an alert informing visitors to exercise a high degree of caution in metropolitan […]