Strong trading in March quarter saw TTV up 150% year-on-year.
Helloworld Travel Limited has just issued an ASX trading update, forecasting underlying earnings for the full 2022/23 financial year of between $38 million and $42 million.
The upgrade is based on ongoing strong demand and margin improvements, with total revenue for the three months to 31 March totalling $46.9 million, up 240% on the prior corresponding period for continuing operations.
Total Transaction Value for the period was $596.2 million, an increase of 150%, with the company noting that “leisure travel demand continues to hold up strongly despite challenging economic conditions”.
More details in today’s issue of Travel Daily.