Travel Agents

Helloworld continues network expansion

ASX-listed Helloworld Travel has announced that a number of mid- to large-sized corporate agencies have joined, or committed to join, its New Zealand retail network, following the break-up of First Travel Group.

Gilpin Travel, Barlow Travel and Atlas Corporate, with a combined annual total transaction value (TTV) of NZ$130 million ($123.6 million) have all now joined the Helloworld network.

NZ Travel Brokers, which has an annual TTV of NZ$125 million ($118.8 million), together with a number of other agencies with a combined annual TTV of NZ$46 million ($43.7 million), have entered into agreements to join from June 2019.

As announced last week, Helloworld has also acquired sports and event travel specialists Williment Travel.

The total combined annualised TTV coming from this expansion under Helloworld’s Kiwi network is approximately NZ$300 million ($285.3 million), representing over 65 per cent of the former First Travel Group’s TTV.

Discussions are continuing with several other former First Travel Group members, according to a Helloworld statement to shareholders this morning.

With the addition of these new members to Helloword’s New Zealand network, the company now has a total of 580 agency members across the ditch, including 280 travel brokers.

Helloworld CEO and managing director Andrew Burnes said: “The New Zealand acquisitions and network expansion has given our NZ business the size and resulting economies of scale to assist the group to achieve our targeted EBITDA to revenue of 25 per cent in FY20.

“The team in New Zealand has done an outstanding job of building a strong value proposition which, in turn, has attracted these new agencies to our networks.”

SEE WHAT PEOPLE ARE SAYING

Leave a Reply

Aviation

Aviation Wrap: Delta’s world-first parallel reality experience, Boeing’s new jet takes flight + MORE!

With only four days of work, we’re welcoming this week with an Aviation Wrap, a handful of hobnobs and an overwhelming hangover.

Share

CommentComments

Destinations

Indonesia seeks massive $9.7bn investment alongside ‘10 New Balis’ project

It might be a few years away before you can sell a few equally wonderful alternatives to Bali, but keep these Indonesian destinations on your radar.

Share

CommentComments

Technology

Tripadvisor sacks 200 staff amid leadership shake-up

Fresh off the heels of an announcement of hundreds of layoffs at the company, an email has revealed TripAdvisor is planning a shake-up in leadership.

Share

CommentComments

Hotels

Suspect charged with deliberately lighting Adelaide hotel fire

Police have charged a woman with arson over a fire at the Ambassadors Hotel, which reportedly caused a $250,000 worth of damage.

Share

CommentComments

Tourism

Coronavirus could land multi-billion-dollar blow to Australian economy, as travel bans and flight suspensions take hold

As the deadly virus continues to spread, research has shown the impact it could have on the bushfire-ravaged Aussie tourism industry.

Share

CommentComments

Destinations

Destination Wrap: NZ Festival of the Arts, Solomons PM stresses low-cost, high-impact tourism strategy + MORE!

Given yesterday’s public holiday, we almost decided to skip this week’s Destination Wrap. But, as you’ll discover here, there’s just too much happening!

Share

CommentComments

Aviation

British Airways teams up with Qatar Airways for Aussie expansion

If approved by the ACCC, the new partnership could allow the British Airways to coordinate on more than 100 routes, expanding on its once-daily flight between Sydney and London.

Share

CommentComments

Cruise

Gwyneth Platrow spruiks wrong cruise line, blames magic mushrooms

The Oscar winner said she got the name wrong because she felt like she was hallucinating while giving her ‘Goop at Sea’ experience a plug.

Share

CommentComments

Travel Agents

CATO reveals new venue and format for 2020 awards

Do you enjoy cutting a rug at industry events? Well, this news will have you flossing around the office in celebration.

Share

CommentComments

Wholesalers

Wholesaler Wrap: AAT Kings bushfire relief trips, Intrepid declares climate emergency + MORE!

Has the long weekend got you all out of whack? Luckily, we’ve got THREE wraps for you to catch up on, just in case you need to look busy for a solid hour.

Share

CommentComments

Cruise

Uniworld sues MSC over $18.5m in damages from Venice ship collision

by Christian Fleetwood

Uniworld Boutique River Cruises has levelled a lawsuit against MSC Cruises over massive damages sustained in a Venice ship collision last year.

Share

CommentComments

Travel Agents

Agent Wrap: Registrations open for RWC 2023, Counselling for agents impacted by bushfires + MORE!

This week’s Agent Wrap is full of everything you need on a Friday: news of agents on voyages around the world, plenty of pictures and, most importantly, a short word count.

Share

CommentComments