Jasons Travel Media have released to the market its latest update for the year ending 31st March 2012.
Overall, Jasons seem to be tracking as expected, only marginally behind their 2011 full year financial results. While the results are unspectacular, Jasons can be relatively pleased with the way the year has progressed while trading in a difficult economic climate that included taking a hit from the fallout of the Christchurch earthquake.
The major strength in the business continues to be the distribution business unit with growth in the tourism brochure distribution network servicing over 2100 brochure displays. While everyone's focus seems to be online, end users are still reaching out for print. Brochures continue to be used as a significant marketing channel - particularly by tourism businesses.
Jasons periodical visitor guides throughout the country have experienced a steady growth in revenue, with the exception of the Christchurch.
Jasons Australian operations are also expected to contribute positively to the end of year results.
As expected, revenues in the accommodation sector print directories have softened and this has been attributed to: "a very difficult trading environment for many operators in the visitor accommodation sector and the continuing proliferation of global online accommodation booking sites."
While accommodation sector advertising revenues drop for Jasons, this has been partly offset by a rise in web commission revenues.
JTM Results Summary for Ye 31 March 2012