HELLOWORLD Travel’s cruise wholesale and retail booking volumes grew “very significantly” as capacity returned throughout the year, the company noted in its Annual Report. Despite growth increasing off a low base, cruise had almost returned to pre-COVID levels by the end of the fiscal year, Helloworld revealed. The company observed...
HELLOWORLD Travel’s cruise wholesale and retail booking volumes grew “very significantly” as capacity returned throughout the year, the company noted in its Annual Report.
Despite growth increasing off a low base, cruise had almost returned to pre-COVID levels by the end of the fiscal year, Helloworld revealed.
The company observed most major cruise lines were at or nearing their pre-COVID capacity, with a number of Australian-based ships offering a greatly expanded range of departures for the 2024 fiscal year and beyond.
Many of these departures were already sold out by the end of FY23, Helloworld noted.
The company also considered the effect the acquisition of Express Travel Group (CW 22 Jun) will have on its business through additional travel operations, including its wholesale operation Creative Cruising.
“Our FY22 annual report stated: ‘The demand for domestic cruises is strong, however, customers are looking to cruise further afield with international cruises to Europe and the United States now bouncing back’…this turned out to be something of an understatement,” Helloworld wrote in its FY23 report.
The company announced this morning it has surged back into profit in FY23, with TTV and revenue both leaping, as HLO declared a 6c per share dividend.
Results for the 12 months to 30 Jun confirm an after-tax net profit of $19.2 million – a turnaround from last year’s $28.8 million full year loss.
More from Helloworld’s results in today’s issue of Travel Daily.
