Webjet
From Wikipedia, the free encyclopedia
| Webjet Limited | |
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| Type | Public |
| Founded | 1998 |
| Founder | David Clarke (businessman) |
| Headquarters | Melbourne, Australia |
| Industry | Travel |
| Website | http://www.webjet.com.au/ |
Webjet Limited (ASX: WEB) operates one of Australia's most popular online travel booking websites (webjet.com.au), on-selling air fares, hotel bookings, car hires and travel packages and has been listed on the Australian Stock Exchange (ASX) since March 2000.
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[edit] Company history
Established in 1998, Webjet is a licensed Travel Agent (no: 32282) and a member of the Travel Compensation Fund, operating and complying with the obligations set out in the Travel Agents Act 1986. Webjet was founded by former Jetset Travel Chief Executive David Clarke. Clarke had devised a low-cost distribution system to list up-to-date domestic airfares from different airlines. At the resurgence of the Internet in March 2000, he publicly listed the company on the ASX.
[edit] Growth
Since going public, Webjet has grown into one of Australia’s most popular online travel booking sites – earning a number one ranking for Australian Online Travel Agency Websites from internet ratings firm Hitwise for many periods, the most recent being the September 2007 award.
[edit] Finances
Webjet’s transaction values have increased year on year from 2003-04’s $20 million to 2006-07’s $250 million. Total Transaction Value (TTV) for FY 2006-2007 increased by 45% to AUD$250 million and the Company’s Net Profit After Tax (NPAT) rose by 67% to AUD$4 million.[1]
[edit] Technical innovations
In 2003, Webjet developed its own proprietary booking engine using Microsoft .NET technology. The platform called the Travel Services Aggregator integrates airline, hotel and car hire supplier systems allowing users to compare travel offers from a variety of sources at once. On 20 February 2007, Webjet launched the ‘Deal Finder’ for international flights. Pulling historical user data from Webjet’s database, the Deal Finder allows consumers to find better fares (as booked by other Webjet users) up to 14 days on either side of their preferred departure and arrival dates.[2]
[edit] International and domestic airline fares offered on Webjet
Webjet currently displays international and domestic airfares for Australia’s leading airlines. As of August 2007, Webjet lists airfares for the following airlines, hotel and car hire suppliers:
• Air France
• Air New Zealand
• Air Pacific
• American Airlines
• Austrian Airlines
• British Airways
• Cathay Pacific
• Emirates Airline
• Etihad
• Garuda Airlines
• Gulf Air
• Jetstar Airways
• Malaysia Airlines
• Qantas
• Rex
• Singapore Airlines
• Thai Airways
• United Airlines
• Virgin Atlantic
• Virgin Blue
• Air Canada
• Alitalia
• Asiana Airlines
• Finnair
• Hawaiian Airlines
• Japan Airlines
• KLM
• Lan Chile
• Lufthansa
• Royal Brunei
• South African Airways
• Swiss Airlines
[edit] Hotel accommodation and car rental options
Webjet has its own hotel specialty site: www.lotsofhotels.com.au featuring over 21,000 hotels around the world. Car rental partners include: Hertz (The Hertz Corporation), Avis (Avis Rent a Car System), Europcar
[edit] Company directors
As of 1 May 2007 Webjet's directors and senior management:
Mr Allan Nahum (Chairman)
Dr Ben Lochtenberg (Deputy Chairman)
Mr David Clarke (Managing Director)
Mr Richard Noon (CEO)
Mr John Lemish (Director)
Mr Stephen Scheuer (Director)
Mr Christopher Newman (Director)
Mr John Guscic (Director)
[edit] External links
• Webjet’s Australian site
• Webjet’s New Zealand site
• Webjet’s UK site
• Webjet’s US site
• Webjet’s 28 Day Deal Finder
