Webjet profits highlight strong demand for travel

By Mozo ·

The strong demand for foreign travel among Australians has been highlighted by the growing profits of online tour operator Webjet.

Bosses at the firm have confirmed that its profits for the six months leading up to December 31st stood at $5.88 million – 17 per cent higher than the previous half a year.

Many Aussies have been chomping at the bit to head abroad in recent months and favourable exchange rates have enabled people from down under to use their travel credit cards far more lavishly when they are overseas.

This trend appears to have been building for quite some time, as Webjet revealed that this was the 16th consecutive half of total transaction value growth.

Having released its results, the organisation has claimed the position of market leader in the Australian travel agency field.

Rival tour operator Jetabroad recently reiterated the extra demand for foreign travel, as it stated that uptake of flights to China was up by 11 per cent from Sydney and 21 per cent from Melbourne in December 2011.

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