Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Cheapflights.com.au Fuels Momondo success

Cheapflights.com.au fuels Momondo success

Holiday search and compare website cheapflights.com.au has been a stand-out performer for travel search pioneer Momondo Group Limited (formerly Cheapflights Media Ltd).

London-based Momondo Group total revenues for the first quarter of the calendar year increased by more than 29% to £14.5 million (approx. $AUD 26.3 million), driven by product innovation, an international marketing push and a successful product launch pipeline, which has seen the roll-out of a series of new apps, mobile-optimised services and country-specific sites in Europe and Asia-Pacific over the past 12 months.

Cheapflights.com.au showed the fastest year-on-year growth in visits (+36%) establishing itself as a top ten travel website in Australia in 2013 – mirroring the performance of itsCheapflights.co.uk business that is already established in the UK top ten.

Cheapflights is also a top 20 player in both Canada and the US – and the largest European online travel player in the United States.

The Group is looking to further build on this success by developing its international footprint in the coming year, targeting expansion in New Zealand, South America and Asia, alongside further build-out of its European business.

As well as expanding its geographical presence, the Group continues to invest in innovative new applications and channels.

Today, 40% of Cheapflights’ visits come from mobile devices – with traffic from this channel growing at 40% per annum.

Hugo Burge, CEO of Momondo Group, said 2013 was a tipping point for the Group and the strong numbers for the first quarter of this year reflect our focus on investing for long-term growth.

“We will build on this strong first quarter by continuing to develop genuinely insightful, innovative travel search tools that deliver clear consumer benefits – as well as investing heavily in international growth. We’re looking forward to revealing further innovative eye-opening products this year and expanding into new markets; sharing our expertise to help people find cheap flights and best-fit travel options."

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news