Jayride’s global increase

JAYRIDE has maintained the strong momentum of its upward growth trajectory for the first half of 2020, reporting a 67% increase in net revenues.

The Australian-based global airport transfer marketplace recorded $2.4m in net revenue/ gross profit in its H1 FY20 results, up from $1.9m in H2 FY19.

The ASX report also revealed a total of 235,000 passenger trips booked in H1 FY20, with 48,621 trips booked in Jan 2020 compared to 29,429 in Jan 2019.

The North American market in particular showed strong results, up from 37k passenger trips booked in the first quarter of 2020, to 51k this quarter, as did the Oceania region, which rose from 112k to 123k trips booked over the same period.

Showing no signs of slowing down, Jayride is aiming to reach one million passenger trips booked per year by 30 Jun 2021, which would represent a x2 increase on the current stats.

“Jayride is in the early stage of our long-term growth strategy and we’re investing for longterm success...we have a positive outlook for 2H as we continue to scale across six continents,” said Managing Director Rod Bishop.

Over the past year alone, Jayride has added 78 new destination countries, from just 31 in H1 FY19, to 109 today.

Looking to the future, Jayride said it will focus on three growth strategies, including traveller retention, conversion and acquisition.

Specifically, the company aims to give travellers more choice to tailor their experience, create traveller membership systems and self-service tools, launch new travel partnerships, and improve organic search.