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For the Brazilian airline, see WebJet Linhas Aéreas.

Webjet Limited
IndustryTravel
Founded1998
FounderDavid Clarke, John Lemish, Allan Nahum
Headquarters
Melbourne
,
Australia
ServicesTravel Booking

On 23 September 2024, Webjet Limited demerged, creating two ASX-listed companies. Webjet Limited was renamed Web Travel Group, retaining the ASX code ‘WEB’ and historical ASX data.[1]

Web Travel Group is a global B2B organisation servicing the travel industry. Its technology connects hotels and other travel sellers to a network of travel buyers via WebBeds, its trade-only digital travel marketplace.[2]

The demerger also created Webjet Group (ASX: WJL), comprising B2C businesses Webjet OTA, GoSee, and Trip Ninja.[3]

History

[edit]

Webjet was listed on the ASX in 2000 via a reverse takeover of Roper River Resources NL.[4] Roper River Resources NL became Webjet NL on 18 April 2000, and Webjet Limited on 15 June 2000. On 31 May 2001, Webjet's booking system became fully automated.[5]

In April 2010, Webjet began operating in North America through a joint venture. [6] John Guscic became Managing Director in February 2011.[7]

In April 2012, Webjet sponsored the Melbourne Football Club and partnered with flybuys.[8][9]

Webjet acquired Zuji in Australia, Hong Kong, and Singapore in March 2013.[10][11] In February 2014, Webjet renewed its partnership with Sydney FC and acquired the SunHotels Group.[12][13]

In February 2015, Webjet started accepting Bitcoin for bookings.[14] Zuji was sold in November 2016.[15] Webjet concluded its North American joint venture in June 2017.[16] An investment in LockTrip was announced in March 2021.[17] In September 2024, Webjet Limited demerged into Web Travel Group and Webjet Group.[18]

References

[edit]
  1. ^ webtravelgroup.com Shareholders approve demerger. Retrieved 15 November 2024.
  2. ^ webtravelgroup.com Shareholders approve demerger. Retrieved 15 November 2024.
  3. ^ webtravelgroup.com Shareholders approve demerger. Retrieved 15 November 2024.
  4. ^ Tan, Su-Lin (4 February 2015). "Webjet starts accepting Bitcoins for holiday packages". The Sydney Morning Herald. [verification needed]
  5. ^ "Webjet Redies For 100% Automation - Webjet.com.au". media.webjet.com.au. Retrieved 27 March 2018.
  6. ^ Schaal, Dennis (23 April 2010). "Former Virgin Blue exec brings online travel agency Webjet to US". Phocuswire.
  7. ^ "Webjet Ltd (ASX: WEB)" (PDF). Australian Securities Exchange.
  8. ^ "Webjet Signs as Major Sponsor of Melbourne Football Club" (Press release). Webjet. 13 April 2012.
  9. ^ "More bells and whistles for Coles FlyBuys". Financial Review. 20 April 2012. Retrieved 27 March 2018.
  10. ^ Ogilvy.com.au. "Webjet Limited acquires Zuji in Australia, Hong Kong and Singapore - Media release - MinterEllison". www.minterellison.com. Retrieved 27 March 2018.
  11. ^ May, Kevin (12 December 2012). "Travelocity sells Asia-Pacific agency Zuji to Webjet for $25 million". Phocuswire.
  12. ^ "Sydney FC And Webjet Agree New 2 Year Partnership". Sydney FC. 18 February 2014.
  13. ^ "Sunhotels - Webjet Limited". Webjet Limited. Retrieved 27 March 2018.
  14. ^ Tan, Su-Lin (4 February 2015). "Webjet starts accepting Bitcoins for holiday packages". The Sydney Morning Herald.
  15. ^ May, Kevin (9 November 2016). "Four years on, Webjet sells Zuji for AUS$56 million and doubles its money". Phocuswire.
  16. ^ "Company to re-acquire rights to webjet.com domain name from joint venture partner". Travel Daily. 30 June 2017.
  17. ^ "Investment in Locktrip" (PDF). 18 March 2021. Retrieved 18 March 2021.
  18. ^ "Shareholders approve demerger". Web Travel Group. 17 September 2024. Retrieved 19 November 2024.
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