Flight Centre: Corporate travel business a key expansion target
When will Flight Centre reach saturation point? The question was asked by managing director Graham Turner at the company’s annual meeting.
“The reality is we see ongoing growth opportunities in travel and in our other sectors and in online and offline channels,†he said.
“Expanding our corporate travel market-share is an obvious strategy, as is expanding in niche leisure travel segments, which we are successfully doing through brands like Cruiseabout, Student Flights and Intrepid retail.
“While we may consider acquisition opportunities from time to time in the future, our focus will generally be on improving and growing the businesses and brands that we already have.
“Any acquisitions in the short to medium term are likely to be niche opportunities that fast-track our growth in segments that we believe we are under-represented in.
“Our acquisition of gapyear.com earlier this month is an example of the kind of opportunity we may consider,†Turner said.
Ian Jarrett
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