The Insight Files
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Consumer trends and news curated by Tourism Australia
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Info graphic by @IBTimes takes a snapshot of International Chinese Tourism

Info graphic by @IBTimes takes a snapshot of International Chinese Tourism | The Insight Files | Scoop.it
#Infographic by @IBTimes takes a snapshot of international #Chinese #tourism industry http://t.co/PzXSG2SlDK #travel #abroad #overseas

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Travelling Aussies affect Wotif profits

Travelling Aussies affect Wotif profits | The Insight Files | Scoop.it

Wotif.com has reported a decline in annual profits, as Australians travelling abroad shifted focus away from the brand’s core business down under.The online travel agency revealed annual profit losses of 12 percent to AU$51 million for FY2013, down from AU$58 million in FY2012.

 

The trend of Australians travelling overseas managed to increase Wotif’s volume of flight bookings, however, it also impacted the company’s domestic and overseas accommodation bookings.

“Many of these circumstances did not suit Wotif,” Wotif.com chairman Dick McIlwain said. “Any change which is likely to produce more interest in Australian and regional travel is being closely monitored.”

 

Accommodation bookings fell 1.3 percent year-on-year in FY2013, with bookings in Asia continuing a steady decline for the fourth consecutive year.Overall revenue remained flat at AU$147 million, while profit was also affected by AU$2.3 million in one-off purchases and investment costs.

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