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TD breaking news – Webjet TTV surges 41%

$646 million in TTV for six months to 30 June.

Webjet has just issued a stock market update, reaffirming previous expectations of a $27 million full year profit, based on strong TTV growth across the business.

The core Webjet operation saw a 28% second half TTV growth to $433 million, while Zuji grew 19% to $108 million. There was also strong growth in Webjet’s business-to-business division including Lots of Hotels and the newly acquired Sunhotels, which together surged 227% to $105 million in TTV for the period.

Webjet’s Australian business saw record TTV each month, with domestic bookings up 18% and international 33% higher than the previous corresponding period.

CEO John Guscic said revenue margins were maintained during the period, with the company set to report its full year results on 20th August.

More in today’s issue of Travel Daily.


The above Breaking News Alert was sent to Travel Daily subscribers on 08 Jul 15

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