Momondo Group - owner of momondo and Cheapflights - has released its H1 figures, with CEO Hugo Burge talking about "multi-faceted and diversified growth across channels and markets."
CEO Hugo Burge said that "we like diversification" referring to the fact that 85% of revenues come from outside the UK.
"For momondo, the focus is on growing the hotel business in non-English speaking markets," he said. "It has a strong presence in Scandinavia and the Nordics and the plan now is to tackle the big markets in continental Europe, starting with France and Germany.
"Cheapflights is already a fairly global brand and we are looking at new markets while also growing existing ones. The air market is growing faster than global GDP and the opportunities are enormous. Our APAC business in particular is small but material and is growing strongly."
He added that the Cheapflights deals newsletter was an important vehicle for awareness and customer acquisition in new and emerging markets, even though the focus for Cheapflights is now on metasearch than publishing.
The other facet of growth he mentioned was mobile - during the half mobile visitors to Momondo increased by 40% year-on-year to 42.4 million, a substantial increase for a business which is dominant in a mature m-commerce market. Cheapflights' growth of 63% brings its mobile visitor number to more than 50 million.
Overall, Momondo and Cheapflights' mobile, apps and desktop sites saw 187 million visitors in the half, up 33%.
Net revenues for the half came in at £42 million, a 30% up year-on year. The breakdown by brand shows 59% of revenues coming from Momondo with 41% from Cheapflights, year-on-year increases of 37% and 20% respectively.
Related reading from Tnooz:Momondo’s DNA journey video goes viral (July 2016)
Cheapflights puts flight and hotel search into Facebook Messenger (June 2016)
Caution urged over instant booking trend on metasearch sites (May 2016)