Travel.com.au May Record First Profit

22 June, 2007 by Martin Kelly

ONLINE retailer travel.com.au, which also operates lastminute.com.au in the Australian market, may post its first profit since being listed on the Australian Stock Exchange in 1999. Around that time its shares, now worth around 33 cents, traded as high as A$2.80. Fast forward to the present and the company estimates its 06/07 earnings before interest, tax and depreciation will range between A$400,000 and A$500,000, a forecast that excludes extraordinary items such as A$250,000 in costs related to lastminute.com.au.

Over the first five months of 2007, the company reports that “online Total Turnover Value (TTV) and revenues for travel.com.au increased by 70% and 76%, with total revenues increasing by 40%. For lastminute.com.au, hotel booking numbers for the period increased by 27% over the previous year, while TTV and revenues for the brand increased by 30% and 34% respectively. Group TTV and revenues for the five months increased by 33% and 36% … online revenues increased by 44% (and) now represent around 80% of total revenues.”

In other news, TVL has deferred the release of its new travel.com.au website until the end of this year and said “there are signs that competition in the online travel sector is now intensifying” and that “it is too early to determine the sustainability or likely rate of future growth”. TVL Managing Director Adam Johnson will be speaking at TRAVELtech in Sydney on August 28.

Traveltrends.biz
June 22, 2007

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'REAL TIME - Sydney, March 30'

When: March 30, 2012
Where: Amora Hotel Jamison
Program: Real Time
Bookings: $499 + gst Early Bird

BOOK now to get the Early Bird rate for the No Vacancy accommodation industry conference in Sydney.

Real Time is the theme of No Vacancy 2012, reflecting the fact that we live in a world where everything happens now, or not at all.

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Rachel Argaman, CEO, Toga Hospitality
Dave Audley, Heading of Consulting, Experian Hitwise
Quentin Briard, GM Australia & NZ, Club Med
Daniel Bridges, Head of Travel, Trade Me (NZ)
Julio Bruno, Global Vice President Sales, TripAdvisor
James Cassidy, HomeAway.com.au
Robbie Cooke, CEO, Wotif.com
Will Deague, CEO, Art Series Hotels
Dean Dransfield, Director, Dransfield Hotels and Resorts
Bob East, CEO, Mantra Resorts
Leah Lipman, Area Director Reveneue Management Australasia, IHG
Simon McGrath, CEO, Accor Australia
Bryon Merzeo, Analyst, STR Global
Bernard O’Keefe, Group Online Marketing Manager, Hamilton Island
Todd Parker, Founder, Parker Travel Collection
Nikolai Pitchforth, Head of Online Travel, Google
Brett Pointon, Founder, Oaks Hotels and Resorts
Anton Stanish, GM, The Stayz Group
Janet Wilson, Managing Director, Nationwide Hospitality

It'll be a great day. As usual, the focus will be on distribution, marketing, sales, innovation and technology for both hoteliers and Online Travel Agents.

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Returning September 17, 2012

The date has been set for TRAVELtech 2012 - Monday, September 17.

Meanwhile, thanks to everyone who attended TRAVELtech: Best of Enemies in Sydney recently.

It was a fantastic event, lots of fun with a touch of controversy.

Please check out the photographs or use this link to see great 360 degree panorama shots of the conference from Panedia.

TRAVELtech is Australia's original web travel, marketing and distribution event, featuring a compelling program, great speakers and fantastic networking.

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