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

  • Cruise

P&O rescues Rotary volunteers after collapse of Air Vanuatu

P&O Cruises Australia has answered a plea for help from a group of young Australian Rotary volunteers, stranded in Vanuatu following the collapse of Air Vanuatu. The students, many of them teenagers from Albury, NSW, were volunteering for a youth project run by the Hive Rotary Club Australia when the airline abruptly cancelled all flights, […]

  • Destinations

Intrepid continues expansions with launch of first DMC in Jordan

Intrepid has increased its presence in the Middle East with the opening of its first destination management company in Jordan. Based in Amman, the local team will operate Intrepid’s range of nine experiential small group tours in Jordan from this summer, with a view to expanding the range for 2025 and beyond. Zina Bencheikh, managing […]

  • Appointments

Minor hotels appoints Puneet Dhawan to key Asia role

Global hotel owner and operator Minor Hotels has appointed Puneet Dhawan as head of Asia as the group plots its growth in Asia and India. From July, Dhawan will be responsible for the performance of all Minor Hotels properties in Asia, working in close collaboration with the Minor Hotels senior leadership team and will report […]

  • Appointments

Abercrombie & Kent and Crystal appoint Evon Ler to director of sales, Asia

Abercrombie & Kent Travel Group have announced that Evon Ler will join them in the new role of director of sales, Asia. She will work closely with Tony Archbold (VP, Sales, APAC, Crystal) and Susan Haberle (VP, Sales & Partnerships, APAC, A&K) with trade support across the region. Ler comes to the A&K family with more […]