Webjet Ltd. provides online travel booking services. The company is headquartered in Melbourne, Victoria. The firm’s business consists of a business-to-business (B2B) wholesale division, which includes WebBeds, and two retail business-to-business (B2C) businesses, which includes Webjet OTA and GoSee. WebBeds is a global digital travel wholesaler specializing in hotel room distribution. WebBeds connects travel sellers to hotels, and their room inventory, through market technology. Webjet OTA is the online travel agency (OTA) in Australia and New Zealand. Webjet OTA is engaged in delivering retail travel solutions allowing customers to compare, combine and book domestic and international travel flight deals, hotel accommodation packages, travel insurance and car hire worldwide. GoSee is an online travel retailer specializing in global bookings of rental cars and motorhomes, providing travelers to compare and save on one easy-to-use Website.
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Here are the latest articles on Webjet (ASX: WEB)
Webjet to demerge Webbeds to create new ASX listing as travel disruption proving highly profitable
May 22, 2024
Global travel company Webjet (ASX: WEB) is exploring a demerger with two of its companies expected to be listed on the ASX. The merger would separate its two travel divisions: WebBeds, the global bed banks business, and Webjet B2C, which includes Webjet OTA, GoSee, and Trip Ninja. If pursued and completed, the demerger will create
Webjet sees international bookings increase, campervan life suffers due to high prices
November 22, 2023
Post-Covid travel coupled with increasing prices has created a bittersweet cocktail for online travel agency Webjet (ASX: WEB), which saw bookings rise but still remain lower than pre-Covid levels. Webjet’s international bookings grew even as it battled inflationary pressures and reduced discretionary spending. The Company’s international flights market share grew 24% compared to H1 FY23,
Battle in the sky of airline stocks: Rex vs Qantas
October 11, 2022
With major cities out of lockdown and international travel resumption, most people would have started planning their end-of-year trip to find the best deals to their dream destination from months away. This is brilliant momentum for airlines to rise from the grave after being one of the most harshly impacted businesses during the strict lockdowns.
Webjet revenue picks up thanks to rise in travel demand
August 31, 2022
If you’re planning a getaway after two years of staying put in your city, you’re not alone. Turns out, plenty of people are finally seeing through their travel plans as online travel agency Webjet (ASX: WEB) reports that travel bookings are at 95% of pre-pandemic levels in the first half of FY23. Webjet credits this
Travel bouncing back: Webjet returns to profitability as borders reopen
November 24, 2021
With the opening of borders just around the corner, Aussies are keenly booking trips to see friends, family or just another city. With the uptick in bookings, the travel industry is slowly but surely snapping back to resemble its pre-COVID self. Travel booking behemoth Webjet (ASX: WEB) is glad to see demand growing again in
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