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.

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