JTG drafts in business advisors

JTG drafts in business advisors
By admin


Jetset Travelworld has drafted in global business advisor Boston Consulting Group (BCG) to conduct a thorough review of the business as it begins life under new chief executive Rob Gurney.

BCG is in the early stages of the review which was commissioned by the JTG board after consultation with outgoing chief executive Peter Lacaze and Gurney, his successor.

The former Qantas executive has been in the role for a little more than a month having taken over on August 27 – the day JTG posted a 72% decline in after tax profits.

It is unclear precisely what and where the focus of the review will be, but in a less than buoyant market, and after such a financial result, it is clear the business has challenges.

After the relatively smooth merger of Stella and Jetset Travelworld, a fresh perspective both from Gurney and BCG is regarded as instrumental in driving the next stage of the company’s development and strategy.

On its website, BCG say it aims to identify a company’s “highest-value opportunities, address their most critical challenges and transform their enterprises”.

Gurney said the move to appoint external consultants to scrutinise the business was a “management and board decision”.

“It was something I discussed with the board before taking on the role,” he said.

But he declined to discuss BCG’s terms of reference or how long the review will take. Discussions will take place privately with all stakeholders, major supply partners and agency network, he said.

“When the outcomes of that review are determined then we’ll have something to talk about,” he told Travel Today. “We are at the early stages of the work and the early stages of discussion with our partners.

“The important players in this are our agency network and our suppliers, they are our business partners and we want to have appropriate discussions with them before we talk to anyone else about the review.”

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

Latest News

  • Aviation

Low-cost Indian carrier SpiceJet continues to burn cash

It’s not just low-cost Australian carriers that are facing hardship. SpiceJet, India’s version of Bonza, recently announced a 72 per cent reduction in its net loss versus last year. But, despite this improvement, the airline has posted losses for six straight years. But it has secured board approval to raise up to INR 30 billion […]

  • Attractions

SAKA Museum recognised in TIME magazine’s World’s Greatest Places 2024

AYANA Resort Bali’s newly-opened cultural and events centre, SAKA Museum has been recognised in TIME magazine’s World’s Greatest Places list for 2024. Part of AYANA Bali’s resort destination, the museum integrates Bali’s rich history with state-of-the-art facilities, making it the centrepiece for the island’s spiritual and cultural heritage. TIME magazine’s inclusion of SAKA Museum in […]

  • Cruise

Silversea taps Barbara Biffi as senior vice president for global sales

Ultra-luxury and expedition cruise travel brand, Silverseas, has announced Barbara Biffi as its new senior vice president of global sales. Biffi joined the company in 2007, holding numerous positions and gaining a deep understanding of the brand, the preferences of its guests and its strategic goals, the company said. An Italian national with a wealth […]

  • Technology
  • Travel Agents

Amadeus welcomes FCM Travel as new reseller partner of Cytric Easy

Cytric Easy, the travel management tool embedded in Microsoft Teams, is to be integrated into FCM Travel portfolio. Amadeus and FCM Travel have extended their Cytric distribution agreement to include Cytric Easy. With this new agreement, global travel management company FCM Travel, becomes a reseller of the innovative travel management collaboration solution embedded into Microsoft […]