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

 

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news