Tourism
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Webjet expands its footprint in the fast growing Asian travel market
David Buckland
December 14, 2012
Yesterday, Webjet announced the acquisition of Zuji for US$25m, or 4.6X estimated EBITDA of $5.4m, from Sabre Holdings.
Zuji adds $300m of Total Transaction Value (TTV) and expands Webjet’s footprint in the fast growing Asian travel market. For context, Webjet’s TTV for the year to June 2012 was $768m, up 30% year on year.
by David Buckland Posted in Companies, Insightful Insights, Tourism.
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Creating the perception of a superior product
Ben MacNevin
December 10, 2012
It was pleasing to see figures released last week by Tourism Research Australia that revealed Chinese tourists were still flocking to Australia’s shores. According to the report, there were 573,071 Chinese arrivals in the 12 months to September, which was a 17 per cent increase over the previous corresponding period.
While there has been a lot of commentary on the state of the tourism industry, there is one company that is frequently cited as the shining example of a group that can successfully capture the opportunities in this growing tourism market, and that is Crown Ltd.
by Ben MacNevin Posted in Insightful Insights, Tourism.
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