TRAVEL AGENTS – AUSTRALIA

Brighter skies give lift to Flight Centre

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Original article by Jamie Freed
The Australian Financial Review – Page: 17 : 25-Feb-15

Australian-listed Flight Centre Travel Group has posted a 2014-15 interim underlying profit before tax of $A137.6m, which is 5.6 per cent lower than previously. The travel group had advised in late 2014 that its profit for the half-year would be between $A136m and $A142m. Flight Centre expects its underlying profit for the full year of $A360m to $A390m. Shareholders will receive a half-year dividend of $A0.55 per share

CORPORATES
FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, BELL POTTER SECURITIES LIMITED, UBS HOLDINGS PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH

Do bricks and mortar travel agents have a future?

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 27-Aug-14

A Roy Morgan Single Source survey has found that 4,715,000 Australians took an overseas holiday in the year to June 2014. Some 47 per cent used a conventionial bricks-and-mortar travel agent, while 16 per cent booked their holiday via an online-only agency. In contrast, 71 per cent of Australians booked an overseas holiday via a bricks-and-mortar travel agent in the year to June 2007, while just six per cent used an online-only agency

CORPORATES
ROY MORGAN RESEARCH LIMITED

Expedia’s offer brings up many Wotifs for sector

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Original article by Adir Shiffman
The Australian Financial Review – Page: 25 : 15-Jul-14

The acquisition of Australian-listed online travel bookings provider Wotif.com by Expedia is not a positive development for Australia. The deal is likely to have a negative impact on competition in the hotel bookings sector. There will be fewer jobs in the industry and a loss of expertise and talent. It is surprising that Wotif capitulated so quickly and accepted the takeover offer. Several years ago, Wotif was considered to be in the same category as SEEK and REA Group

CORPORATES
WOTIF.COM HOLDINGS LIMITED – ASX WTF, EXPEDIA INCORPORATED, SEEK LIMITED – ASX SEK, REA GROUP LIMITED – ASX REA, BOOKING.COM BV, AGODA COMPANY PTE LTD, ORBITZ INCORPORATED, ASX LIMITED – ASX ASX, TRAVEL.COM.AU LIMITED, HOTELS.COM LP, TRIPADVISOR LLC, HOTELCLUB, DISRUPTIVE INVESTMENT GROUP LIMITED – ASX DVI, CATAPULT SPORTS PTY LTD