Asian Boss Departs As Wotif Prepares For Public Life - TRAVELtech - Covering Asia Pacific: "Hotel booker Wotif.com is undergoing a strategic review of its global operations ahead of a proposed listing on the Australian Stock Exchange next year....
“The timing is right from many points of view, he said.
One reason is that internet stocks are hot again “but there are not many viable” web-based investment options, a scenario favouring strong investor demand.
Another is that Wotif, which has grown organically since starting in 2000, is considering making acquisitions down the track.
“We have nothing specific in mind but to maintain high rates of growth there is a limit to what can be achieved organically,” said Wood.
In terms of diversification beyond hotels into online travel retailing or wholesaling, Wood said “the current plan is to stick to our knitting.”..
Wotif.com now sells more than 6000 properties, processing 100,000 bookings a month."
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