Original article by Jamie Freed
The Australian Financial Review – Page: 18 : 13-Aug-14
Wotif.com has posted a 2013-14 net profit of $A43.2m, which is 15.4 per cent lower than previously, while booked room nights were down by 10.8 per cent. CEO Scott Blume expects the decline in room bookings to continue as a result of competition in the sector, and he concedes that Wotif.com would find it challenging to turn this around if the takeover bid from US-based Expedia does not succeed
CORPORATES
WOTIF.COM HOLDINGS LIMITED – ASX WTF, EXPEDIA INCORPORATED, PRICELINE.COM, BOOKING.COM BV