Qantas Secures Full Ownership of TripADeal for Enhanced Holiday Experiences

In a move that marks a significant expansion of its travel offerings, Qantas ha announced the full acquisition of the Byron Bay-based online travel business TripADeal. This strategic purchase propels Qantas Loyalty into the lucrative $13 billion online holiday packages market and promises to revolutionize the travel experience for its Frequent Flyers.

A Journey of Integration and Innovation

The journey began in 2022 when Qantas acquired a majority stake in TripADeal, allowing its Frequent Flyers to earn and use points on a variety of holiday packages. From wild African safaris to the serene beaches of Fiji, cultural escapades across Europe to adventures in India, Qantas has been enabling dream vacations with the power of points.

Full Acquisition: A Game-Changer

The remaining 49% stake in TripADeal will be purchased for $211 million, with the transaction set to be finalized by the end of June 2024. This move is expected to generate at least $50 million in annual synergies across the Qantas Group, enhancing value and efficiency.

Record-Breaking Engagement

Qantas Points have become more than just a currency; they’re the key to unlocking the world. One member’s record-breaking redemption of 3.9 million points for a 35-day global tour is a testament to the program’s success. In July 2024, members can look forward to a 30% discount on point bookings, adding even more allure to the Frequent Flyer program.

Sales Skyrocketing

TripADeal’s knack for curating trendy and affordable holidays has resonated with Qantas’ 15.8 million members, driving sales beyond expectations. With bookings surpassing $450 million in the last year alone, TripADeal’s trajectory is nothing short of impressive.

Independence and Expansion

Despite the acquisition, TripADeal will retain its independence and continue collaborating with various travel partners and airlines. The recent addition of cruises broadens travellers’ horizons, offering even more diverse package options.

Leadership Transition

The deal ushers in a new era of leadership, with co-founders Norm Black and Richard Johnston passing the baton to Matt Wolfenden. As the new CEO, Wolfenden will steer the 150-strong Byron Bay team and a global network of tour guides across 30 countries.

A Vote of Confidence

The Qantas Group’s confidence in this investment is bolstered by TripADeal’s robust business model and the growing demand for packaged holidays. With the potential for further value creation, this acquisition is poised to deliver solid returns for shareholders.

A Shared Vision for Success

Andrew Glance, CEO of Qantas Loyalty, praises TripADeal’s decade-long success in crafting desirable holiday packages. The partnership with Qantas has supercharged this success, offering members more ways to earn and redeem points. With bookings growing by 70% over the last year, the future looks bright for customers and the Loyalty business.

Norm Black and Richard Johnston, the co-founders of TripADeal, express pride in their creation and are confident that Qantas will lead it to even greater heights.

Financial Fortitude

This transaction is the latest feather in the cap for Qantas Loyalty, expected to yield strong shareholder returns and maintain its ambitious $800 million to $1 billion target for 2030.

In conclusion, Qantas’s acquisition of TripADeal is more than just a business transaction; it promises enriched travel experiences, enhanced value for members, and a brighter future for all stakeholders involved.