Webjet says Lotsofhotels.com – its Middle East and Africa accommodation business – will launch in Dubai, Turkey and Kuwait next week with a target of 12 markets within a year. The company says it expects the venture to be profitable within six months. So far Webjet’s foray into accommodation has been a loss-maker (-A$1m in the back half of 11/12) but MD John Guscic says it is now approaching break-even. Webjet reported a -4.1% decrease in net profit after tax to A$5.6m for the six months to Dec 31, 2012.
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