Subscribe


Travel Daily

TD breaking news – Webjet announces major deal with Thomas Cook

Record profit result for Australian listed OTA.

Webjet has just announced a “significant strategic sourcing partnership” with European holiday operator Thomas Cook. The news came as Webjet ceo John Guscic unveiled the company’s stellar results for 2015/16, with TTV up 28.8% to $1.63 billiion and net profit after tax increasing 27% to $22.2 million.

“All businesses in both our digital retail (B2C) and digital wholesale (B2B) divisions experienced strong organic bookings growth and market share growth during the year,” he said.

Gucsic said the B2C division continues to benefit from the ongoing acceleration of bookings shifting online. “Webjet has now reported 27 months of consecutive record TTV, with bookings growth outperforming the market by more than five times, and international bookings continuing to demonstrate superior growth,” he said.

The Thomas Cook deal will see Webjet’s European online accommodation wholesale business Sunhotels take responsibility for the majority of the volume of Thomas Cook’s ‘complementary hotel business’.

Thomas Cook will transfer about 3,000 hotel contracts from across the group to Sunhotels, which will be added to the Sunhotels global inventory, with all the content provided back to Thomas Cook under the terms of the agreement.

Webjet will pay Thomas Cook £21 million for entering into the supply agreement, the transfer of hotel contracts and the implementation costs of the deal. Guscic said the deal “allows Webjet to escalate its growth profile in the dynamic European B2B market”.

More details in today’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 18 Aug 16

Make a comment...



Established in 1994, Travel Daily is Australia's leading travel industry publication, and is sent as a paid subscription to people across the industry as a PDF newsletter every weekday.

Register for Travel Daily trial subscription

To sign up for a free 14-day trial, click on the button at right.

Click here to see a sample issue of Travel Daily.

Click here for more information on subscriptions.

Alternatively, you can search our site or find other content below.

Recent Travel Daily articles

24 Mar

Travel Specials 24 Mar 17 - WELCOME to Travel Specials, Travel Daily's Friday ...


24 Mar

Window Seat 24 Mar 17 - AMERICAN Airlines has created a buzz after ...


24 Mar

Beauty & the Beast preview - DISNEY Parks & Resorts treated five agents ...


24 Mar

Agents fall for Ontario Charms - WITH preparations well underway for Canada's 150th ...


24 Mar

Beyond cruising to Croatia - BEYOND Travel yesterday formally launched what is ...


24 Mar

SKIMAX/AA show off Park City - SKIMAX and American Airlines recently host 10 ...


24 Mar

My Travel Group anniversary - MY TRAVEL Group agents recently gathered together ...


24 Mar

Express takes the castle - THIS group of Express Travel Group agents ...


24 Mar

TIME’s fourth Perth event - THE Travel Industry Mentor Experience continues its ...


24 Mar

Resident Historians - VIKING Cruises has announced the rollout of ...


24 Mar

AF rejects HNA tie-up - CHINESE group HNA who has a stake ...


24 Mar

Movenpick to Oman - MVENPICK Hotels & Resorts has inked an ...


24 Mar

Viceroy tri-branding - VICEROY Hotel Group has announced its portfolio ...


24 Mar

QF Jetstar seminars - QANTAS Agency Partnerships will host a series ...


24 Mar

Home Valley to open - WESTERN Australia's Home Valley Station in the ...


24 Mar

P&O AKL Cup cruise - P&O Cruises will this year offer its ...


24 Mar

Grocer into DXB - DUBAI International Airport will soon feature a ...


24 Mar

La Siesta Hoi An - ELEGANCE Hospitality Group has announced it will ...


24 Mar

Last chance for UMI - G ADVENTURES UMI in the Jungle incentive ...


24 Mar

Dubai record growth - DUBAI Tourism has reported a 12% year-on-year ...



Show Travel Daily items by month: