Final FA PDF - Asia Travel

More documents

Recommendations

Info

Australia 1 Dubai (UAE) Guam 2 3 12 Hong Kong 4 Indonesia China Philippines 5 6 7 11 2 Singapore Thailand Vietnam USA 8 9 10 11 Global Reach Local Touch Europe 12 Besides our core hotel reservation services, we also manage many destinations and transactions web sites, three of which are: 1. Hotel Reservation for Travel Agents http://www.hotelexchange.com/ - our new B2B hotel reservation service geared specifically towards the needs of retail travel agents and corporate clients around the world. 2. Travel Services for Intra-Asia Travellers http://www.asiatours.com.sg/- our B2C platform is targeted at intra-asia travellers and services such as hotel reservations, air ticketing, sightseeing, transfer packages etc. 3. Hotel Room Confirmation for Travellers http://www.instantroom.com/ - our B2C instant hotel room confirmation site for travellers who want instant confirmation for their hotel room reservations. We also jointly operate a website with StarTV called StarAsiatravel.com, where web-surfers can watch video clips on travel packages. Our role in this joint operation is to act as a fulfillment agent. We offer our customers two convenient payment systems: - • pre-payment, i.e., pay at time of booking (via online credit card payment). This represents 45% of our business and we earn a margin of about 25-75%. • post account, i.e., pay at exit from hotel counter. This represents 55% of our business and we derive a commission of between 10-20% Of the 5,000 hotels which the Group represents, 2,000 hotels are of direct contracting by our own offices. We provide instant confirmation to consumers. We are able to do so from the allotments of rooms given by our good-standing relationship with our hotel suppliers. About 400 hotels are on allotments to 10
operations review 6 • The Group represents over 5,000 hotels in 54 countries covering 19 in Asia, 9 in Middle-East, 6 in Australia and the Pacific 9 4 10 7 3 region, 5 in the Americas, 11 in Europe and 4 in Africa. • Our network of 16 offices in 12 countries - primary responsibilities are to maintain 5 8 a good working relationship with hotels and to answer customers’ enquiries with on the ground knowledge. 1 Asia Travel, which guarantee us a certain number of rooms (even during peak seasons). Another 200 hotels are on the free sale arrangement, which give us the right to accept hotel room reservations at any time unless the hotels inform us, in advance, that they are fully-booked. Turnover The number of daily average visits to our website has increased steadily from 7,000 in 1998 to 35,000 in 2001. The increased traffic growth were achieved without any significant promotional costs. Our average room nights per month have grown in tandem to our traffic, growing from 13,000 in 1998 to 30,000 in 2001. Through the use of the Internet channel and the one-stop travel service strategy, Asiatravel.com's turnover has grown from S$7 million* in FY 1997 to S$19.4 million* in FY 2000 and to S$26.8 million in FY 2001. Liquidity & Cashflow Since we commenced our operations in 1995, we have depended primarily on cashflow from operations to meet our working capital requirements. Our revenue was more than enough to cover operating and investing activities, resulting in positive cashflow. Besides some hire purchase facilities to finance our SIA Trolley buses, we have no other borrowings. *Based on full year pro-forma financial statements 11
Page 1 and 2: annual report 2001 asiatravel www.
Page 3 and 4: Your window to scenic destinations.
Page 5 and 6: history Bearing the mark of excelle
Page 7 and 8: "Asiatravel.com is a company with a
Page 9 and 10: Keeping things in perspective... ma
Page 11: operations review Frolicking in com
Page 15 and 16: five year financial summary Scaling
Page 17 and 18: corporate information The itinerary
Page 19 and 20: Asia Travel Global Network Singapor

Final FA PDF - Asia Travel

Create successful ePaper yourself

Delete template?

Save as template?