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Don't you wish you'd bought Flight Centre shares in, say, early 2009 when they were trading well below eight bucks?
Today they're north of $31 as the travel agency giant – poised to open its 2500th shop/business – announced a record first half result: $91.8m net profit after tax, up 13% with record pre-tax earnings from its operations in Australia, UK, Greater China and Singapore. Key points include:
Flightcentre.com.au turnover up 23% and on track to deliver $5m earning before tax for 12/13 financial year.
- Share price at record highs
- Corporate brands turned over more than $1bn in first half for the first
- Cheap international airfares stimulating leisure demand
- Combined turnover of leisure brands has increased 70% since end of 2009
- Cruiseabout's turnover has more than tripled during this period
- Gaining UK market share in contracting market (UK main profit driver outside Australia)
- US business remains an issue, losses higher than last year
- Profits down in South Africa, Dubai and Canada
- Before tax earnings more than doubled in New Zealand
- Singapore leisure business now profitable
- New mobile sites were launched for Flight Centre and quickbeds
Looking ahead, Flight Centre said maintaining "10% profit before tax will become more challenging" but the company is well placed to deliver good growth over the previous financial year.
NB: the share price took a minor hit, down a dollar or so to just over $31, after this result was announced today.
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Events
Book now to get the early bird rate for No Vacancy SEA, Asia's most dynamic hotel event, in Bangkok on June 25.
The issues-based, info-packed conference - which last year attracted 160 hoteliers, OTAs, distributors and tech suppliers - is unique in the way it mixes the online and offline worlds.
- Program and Speakers
- Bookings - A$399 Early Bird
- Venue: Sofitel Sukhumvit
- Register for event updates
This year's Southeast Asian conference is based around the concept of 'Beyond Price' and is full of relevant topics, speakers and information.
Marketing, distribution, consumers, pricing, internet, design, innovation, market analysis, technology and mobile are, as always, key themes.
Confirmed speakers include:
- Scott Blume, CEO, Wotif Group
- Bill Barnett, Director, C9 Hotelworks
- Javier Cedillo-Espin, VP Comms and Loyalty, Accor Asia Pacific
- Daniel Fraser, Director, Smiling Albino
- Anthony Green, Digital Director, QUO Global
- Nalin Kalayanamitr, Marketing & Sales Strategies Manager, Lub d Bangkok Hostel
- Bambos Kaisharis, Industry Head, Travel, Southeast Asia, Google
- Tomas Laboutka, CEO & Co-Founder, HotelQuickly
- Max Lambert, Co-Owner, Vietnam Backpacker’s Hostels
- Andrew Langston, VP Hotels Operations APAC, Banyan Tree
- Vikram Malhi, GM, Expedia South Asia
- Rajiv Malhotra, Head of Marketing SEA, Hotels.com
- Clint Nagata, Founder and Creative Director, BLINK Design Group
- Stephen O'Dell, Director, SODA
- Lothar Pehl, SVP Operations and Global Initiatives, Starwood Hotels and Resorts AP
- Rob Rosenstein, CEO, Agoda
- Nikki Scott, Publisher, SEA Backpacker
- Tejinder Sidhu, VP Sales & Marketing, Compass Hospitality
- Tarandeep Singh, Director Revenue Management For Hire - AMEA, InterContental Hotels Group
- Karthik Siva, Chairman, Global Brand Forum
- Brendan Sobie, Chief Analyst SEA, Centre for Asia Pacific Aviation
- Mark Southby, CEO, CheckInTonight.asia
- Jerome Wise, VP eCommerce, TravelClick
SPONSORS:
This is quick shout out for ideas, speakers, sponsors and feedback for TRAVELtech, which was founded way back in 1999.
That would be the decade before last. A long time ago. Prehistoric in tech and travel terms, so time to change things up.
The big news is that TRAVELtech 2013 will be staged over two days - September 12 & 13 - instead of the traditional one.
The first day - the new day - will be all about travel technology with the content aimed at those working in the industry's growing IT sector.
Day two will address online travel, e-commerce, distribution, digital marketing, mobile, social media, web trends and other key issues.
In other words, day two is the "traditional" TRAVELtech program which has worked so well over the past few years.
The idea is to reboot TRAVELtech and broaden its appeal without losing program focus,which we'll be able to do by having two distinct days.
This modular approach will also be reflected in tickets and pricing.
Delegates can buy individual day tickets or a two day pass at a reduced rate, depending on what they interested in, and details on that will be available in early June.
Meanwhile, we are seeking speakers, sponsors, supporters and program ideas - or variations on all of those themes.
So please get in contact, let me know your thoughts, no matter how random they may be.
You can call on (02) 9882-1575 or shoot through an email: martin.kelly@traveltrends.biz
Thanks for your time and hope to hear from you soon.
Regards,
Martin Kelly
Founder, TRAVELtech
SPONSORS
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