Helloworld Travel TTV up 3.5% driven by improved air sales, membership expansion

    Helloworld Travel reported (15-Nov-2018) total transactional value (TTV) of AUD6.1 billion (USD4.4 billion) in FY2017/18, an increase of 3.5% year-on-year driven by improved air sales volume growth and business acquisitions made in 2H2018. Helloworld membership increased from 2015 to 2223 led by acquisition of Magellan Travel Group, creating a separate sixth Australian retail network in the group, and branded member expansion. The company reported Q1FY2018/19 “started well”, with TTV of AUD1.7 billion (USD1.2 billion) and overall revenue margin increasing 0.2% to 5.5%.