Web Travel Group Ltd
(ASX: WEB) Share Price and News
Introduction to Wеb Travel Group
Web Travel Group (ASX:WEB) is a global travel company. It was originally known as Webjet after the flagship travel agency of that name but it had Other businesses include WebBeds, a B2B travel wholesaler, GoSee, a global motorhome and car rental site, as well as a handful of technology businesses that support its own travel brands and others.
In 2024, the company split all its business but WebBeds into a separate company but kept WebBeds under the old ticker code.
Web Travel Group's History
Webjet was founded in 1998, at a time when online travel booking was a nascaent industry. The company quickly became market leading. It listed in 2000 and has grown bigger organically and through M&A. It began WebBeds in 2013 and GoSee in 2016.
WebBeds was founded by WebJet and grew organically but WebJet bought other B2B brands over time and gradually integrated them into the WebBeds brand. In 2024, Webjet opted to spin WebBeds into its own company, believing WebBeds would be undervalued as long as it sat under the WebBeds umbrella.
Futurе Outlook of Web Travel Group (ASX: WEB)
WebBeds has a mixed outlook. It is expecting to deliver $5bn Total Transaction Value and $117-122m EBITDA during the current financial year. It is aiming for $10bn TTV by FY30.
However, early indications are that the Trump administration's trade war could negatively impact global travel, and thus WebBeds.
Is Web Travel Group a Good Stock to Buy?
No. The company is still below pre-pandemic levels and we fail to see, now that travel demand and its bottom line is back to normal, catalysts that will lead to its pre-COVID highs (which would be over 50% higher than its share price in mid-March 2024).
Our Stock Analysis
Why travel shares are getting slammed…and it is not for the reasons you may think
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Is a travel recession unfurling before our eyes? And what does this mean for ASX travel stocks?
Travel stocks have been the most affected in the recent market correction, and it is all because of fears of…
The Webjet demerger is complete, but which side of the demerger will win?
Earlier this week, the Webjet demerger was complete. The entity known as Webjet (ASX:WEB) still owns the consumer facing businesses…
Why Is Webjet’s Stock still lagging over 45% below its pre-COVID peak? Look above the Clouds!
Webjet (ASX: WEB), a prominent player in the online travel agency sector, has seen its stock plummet by 10.3% over…
ASX travel stocks are taking off again in 2022, but which ones will fly the highest?
ASX travel stocks were among the worst companies hit by the Corona Crash as demand was literally eliminated in just…
Travel stocks: Beware the vaccination hype
11 January 2021 The difficulty of getting people the jab Two of the world’s harder hit developed countries, the…
Frequently Asked Questions
Web Travel Group is the owner of hotel aggregator WebBeds.