Web Travel Group 2023 AGM.

Web Travel Group (formerly Webjet Limited) 2023 AGM - Organic growth drives record Bookings & TTV.

Web Travel Group  (ASX: WEB) held its 2023 Annual General Meeting today, Thursday the 31st of August 2023, with all resolutions passed.

All documents considered at the meeting can be found on the Annual General Meetings page of our Investor Centre website.

The financial picture is looking bright at Web Travel Group, with an update from its AGM this morning showing group bookings, TTV, revenue and EBITDA are all ahead of pre-pandemic volumes for the second half of FY 2023. Just over $2.2 billion was posted in TTV, ahead of the $1.9 billion recorded in 2019, while there was also a healthy 3.8 million bookings for the latest period, a solid gain on the 2.95 million taken during the same period in 2019.

The WebBeds division was a major contributor to momentum, outperforming the market and showing signs of continued acceleration into the next financial period.

Meanwhile for the full-year period, Web Travel Group also showed signs of vigorous recovery, posting a 16% growth on pre-COVID bookings and TTV climbing past 2019 volumes to $4.35 billion.

FY23 Key Metrics - Group Bookings and TTV above pre-pandemic levels for full year.