HELLOWORLD Travel today confirmed its full-year pre-tax earnings guidance of up to $80 million, with CEO Andrew Burnes delivering an upbeat trading update at the company’s Annual General Meeting.
Burnes highlighted a range of positive factors, including the addition of 12 new fully branded and 10 new associate agencies opening or joining the group since 01 Jul in Australia and NZ.
He said FY19 was performing in accordance with forecasts, with TTV for the three months to 30 Sep amounting to $1.7 billion and revenues of $94 million, up almost 10% on the previous corresponding period.
Air TTV during the quarter was up 7% year-on-year, with growth in both leisure and corporate sales volumes, Burnes said.
Key technology developments set for the current financial year include the rollout of the new ResWorld platform to the group’s retail network, an upgrade to the Air Tickets system and the deployment of the Amadeus “Cytric” product in the QBT and APX corporate travel business.
Burnes also highlighted the improving retail brand recognition for Helloworld Travel, which has increased from 22% unprompted 12 months ago to 30% today.
He said the revised Helloworld Travel branding had now been rolled out across 580 agencies in Australia, with New Zealand to follow in the first quarter of 2019.
Source: traveldaily