Webjet cautious despite 24% profit rise
August 09, 2012 | Online Travel
Australian online travel booking service Webjet has warned that the next year will be difficult for the travel industry as a strong Australian dollar fails to stimulate demand and consumers become more cautious.
Webjet has been able to largely escape a slowdown in demand, which it attributes to consumers preferring the one-stop shop that its online service provides for travellers.
The Melbourne company today posted a 24 per cent rise in annual net profit to $13.6 million despite what it has described as a flat travel market.
Webjet’s managing director, John Guscic, said today that there had been a noticeable slowdown in demand across the entire travel industry, citing growth of just 0.8 per cent in the international travel market in May, compared with a 5 per cent rise in the same month last year.
‘‘The market has clearly slowed down over the last six months,’’ he said.
Get the full story at The Sydney Morning Herald
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