Underlying group earnings for Web Travel Group reached $148.4 million in FY27, a 23% lift on the prior year yet barely above the low end of its $147 million to $155 million guidance range. Revenue momentum came through total transaction value, which climbed 20% year on year.
Growth was fuelled mainly by organic expansion across the Americas and Europe, with continued demand in those regions.
Early in the new financial year, the picture looks more fragile. In the first eight weeks of FY27, the B2B travel marketplace recorded a 6% drop in total transaction value versus the same period a year earlier, a move the company attributes to unfavourable foreign exchange movements.
Analysts had pencilled in 8.8% growth in TTV for the first half and 10.5% for the full year, so the negative start sharply undercuts consensus assumptions.
Management points to geopolitical tensions as a key drag on trading conditions, particularly the ongoing conflict in the Middle East. Booking activity and TTV were pressured in March 2026, with impacts felt across the Middle East and Africa and parts of the Asia-Pacific region.
Executives still talk up longer-term growth opportunities in global B2B travel, yet acknowledge that the current environment remains unpredictable, especially for markets closely tied to regional instability.
