Web Travel Group Ltd
WEB Travel Group Limited is an Australia-based global business to business (B2B) travel distribution company.
The business
WEB Travel Group Limited is an Australia-based global business to business (B2B) travel distribution company. The Company connects travel sellers with travel buyers across all major global markets. WebBeds, its brand, is a global online marketplace for the travel trade, an intermediary connecting hotels and other travel service suppliers to a distribution network of travel buyers all over the world. WebBeds sources room inventory from worldwide hotels, then connects, aggregates and merchandises that inventory as bookable product in its platform, the WebBeds Global Marketplace, and distributes it to a global network of travel trade buyers, who sell to the traveling public. Global and regional hotel chains, resorts, transfer and sightseeing companies and more - can sell their products through WebBeds by connecting to a diversified global network of over 50,000 travel buyers across more than 39,000 locations. It also offers application programming interface connectivity.
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Latest news
Webjet soars to record earnings, announces strategic demerger of leading divisions
Online travel specialist Webjet (ASX: WEB) has set new record earnings and revealed plans to separate its two leading divisions WebBeds and Webjet B2C via a demerger. With record returns from bookings and total transaction value (TTV), Webjet’s EBITDA hit $188.1 million, with an underlying net profit after tax of $128.4m. In announcing the results, […]
Webjet flying with record travel booking numbers
New financial results from global digital travel business Webjet (ASX: WEB) have again highlighted the industry’s significant rebound after the chaos of the COVID lockdowns. The company today revealed it had hit new record levels for Webjet bookings and Total Transaction Value (TTV). The company also reported that its FY23 Group Bookings and TTV were […]
Which travel and tourism stocks look good ahead of Australia’s ‘Great Reopening’?
Ahead of The Great Reopening – terms and conditions apply – investors pre-emptively have been piling into the travel and tourism faves such as Flight Centre (ASX: FLT), Webjet (ASX: WEB) and Qantas (ASX: QAN). There’s nothing wrong with that, especially given the travel agents have a heavy presence in offshore markets where the malevolent […]
What are the ASX stocks vulnerable to a ‘short squeeze’?
Could the ASX become subject to the same trading shenanigans in the US which put a rocket up the share price of struggling video outlet operator GameStop and then the silver market. It’s certainly food for short … er, thought. This month shares in online travel agent Webjet (ASX: WEB) have climbed around 10% as […]
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