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HiRUM Software Solutions

Check-in.com.au Records A Loss …..Again

Posted by HiRUM Software Solutions - 13/03/2014

Who can forget Check-in.com? …….the Online Travel Agent which left us unceremoniously last year, with $4.4 million in debt and no less than 5300 consumer and industry creditors out of pocket.

At the time, a number of our Property Management Software clients were left with financial losses.

Check-in.com was subsequently sold by the receivers for a paltry $35,000 to the Disruptive Investment Group (DVI).  DVI have now, in turn, recorded a loss of $466,000 in the 6 months to December last year. This is in spite of revenue of $427,000 generated by Check-in.com. It seems that their costs for the period were $906,000!

Read the full Travel trends article here: http://www.traveltrends.biz/ttn555-check-out-the-latest-check-in-com-au-loss/

In a number of seminars that we have held recently about Google Hotel Finder, Sylvia Johnston, HiRUM Property Management Software Executive, has expressed her concern over the future of OTA’s, and also advised caution when considering who you will give credit to in the online space. This only serves to add weight to her sentiments, and these recent losses should certainly have the industry thinking with respect to OTA’s and their Terms of Trade.

Read our previous, related article here: Control your Terms of Trade


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