Travel Bulletin

Solid year for HLO

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A spate of acquisitio­ns by Helloworld Travel Limited over the last 18 months or so was cited as the key driver for a 9.1% uplift in Total Transactio­n Value (TTV) for the company when it reported its annual results last month.

TTV grew to $6.5 billion, with contributi­ons from Magellan Travel Group, Asia Escape Holidays, Flight Systems (Skiddoo) and Show Group,

and pre-tax profit jumped 21% to

$54.5 million.

There were a few intriguing insights in the results, which indicated that the company’s 50% stake in MTA Travel contribute­d $1.3 million to the overall result, while a $2.5 million “contingent considerat­ion” payable in connection with the Asia Escapes deal did not eventuate because the business failed to reach targets specified in the sale contract.

The figures also revealed that Helloworld paid $7 million for Show Group, $2.6 million for 60% of Asia Escapes, $1.4 million for Flight Systems and $800,000 for NZ agency Williment Travel, while receiving $2.4 million when it sold Insider Journeys.

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