Web Travel Group posts 22% transactions jump, confirms CFO exit
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The news: B2B travel company Web Travel Group has reported a 22% lift in total transaction value for the first half of FY26, led by growth in its Americas business.
The company also announced the resignation of its chief financial officer Tony Ristevski, who will leave in May 2026 to pursue another opportunity.
The numbers: Web Travel, which owns the WebBeds wholesale bookings business, reported first-half TTV of $3.17 billion, up from $2.59 billion in the prior corresponding period.
Bookings were up 18% year on year to 5.1 million, taking revenue up 20% to $204.6 million. Underlying EBITDA rose 17% to $81.7 million.
Web Travel's TTV margin was 6.5% for the six-month period, ahead of first-half guidance of between 6.2% and 6.4%.
TTV was up 23% during the first seven weeks of the second half, compared to the same period last year. The company said it is on track to deliver full-year underlying EBITDA of between $147 million and $155 million.
What they said: "WebBeds continues to win global share, which is amplifying the network effect and making us even more relevant to our hotel supply and travel buyer partners," said Web Travel Group's managing director John Guscic.
"The team's unwavering focus on winning new clients, enhancing supply and geographic reach, and continuing to improve conversions is bringing us closer to our $10 billion TTV FY30 target."
On the resignation of Ristevski, Guscic commented: "Since joining in May 2018, Tony helped integrate the acquisitions of Jac Travel and DOTW that established WebBeds as one of the leading global B2B providers and played a key role helping the business through the pandemic and making sure it is well set up to pursue our global growth ambitions.
"Following the demerger last year, our business is now primarily northern hemisphere based making it more time intensive to manage from Melbourne and we recognise his preference for something more Australian based."
