Stayz.com.au has revealed its financials for the first time. Australia’s most popular holiday house site made a profit of A$13 million before interest, tax, depreciation and amortisation on revenue of A$23.1 million in the 2012 financial year. This makes it Australia’s #2 accommodation booking site behind Wotif.com and gives Stayz a whopping gross margin of 56.3%, […]
Tag: Accommodation
Paul Constantinou, Chairman and CEO, Quest Serviced Apartments
With more than 35 years in accommodation and hospitality, Quest Chairman Paul Constantinou is a respected industry leader. Paul founded Quest in 1988 and has built the business to be the largest serviced apartment group in Australasia. Today, Quest has more than 150 properties operating throughout Australia, New Zealand and Fiji. After gaining a scholarship […]
WebBeds world’s top bed bank post-COVID?
Webjet aims to transform its WebBeds accommodation distribution/saler business into the “#1 B2B player globally”, overtaking the long-term bed bank market leader HotelBeds, when the world finally emerges from the COVID crisis. But what are the metrics and how will Webjet make that happen? Neither of these key points was addressed by Melbourne-based company in its announcement. So let’s […]