ASMALLWORLD AG achieves record quarter in Q1 202107.05.2021
ASMALLWORLD AG / Key word(s): Quarter Results/Forecast
ASMALLWORLD AG (SWX:ASWN) achieves record quarter in Q1 2021
Zurich, 07.05.2021 - ASMALLWORLD AG recorded its highest ever revenue per quarter during the first three months of 2021. Revenue growth was driven by strong sales of ASMALLWORLD's Prestige membership and a high demand for First Class & More's Business and First-Class flight services. The company expects its HY1 revenue to come in between CHF 6.8 and 7.0M and reiterates its full-year guidance of CHF 12.5 - 13.0M in sales.
ASMALLWORLD AG recorded its highest ever revenue per quarter during the first three months of 2021.This revenue growth was driven by strong sales of the Prestige membership, ASMALLWORLD's premium membership which includes air miles from Miles & More or Etihad, as well as other travel perks from companies like Jumeirah, Sixt and Discovery. Further, First Class & More saw strong demand for its Business and First-Class flight services as customers were looking to buy higher booking categories with more cabin space during the pandemic.
As the world is ramping up its vaccination efforts and starts to relax social distancing and travel restrictions, ASMALLWORLD expects that the demand for many of its services will increase in the second half of the year. Membership sales of the ASMALLWORLD community, Frist Class & More and the World's Finest Clubs are all expected to benefit form this change in the market environment. Further, the ASMALLWORLD Collection, the company's online hotel booking engine, is expected to see an increase in hotel bookings as people start to travel again.
Based on the encouraging first quarter, ASMALLWORLD expects its H1 revenue to come in between CHF 6.8 and 7.0M and reiterates its full-year guidance of 12.5 - 13.0M in sales.
This press release and further information can be found at www.asmallworldag.com.
The ASMALLWORLD Group
ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.
Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to travel better, experience more and make new connections.
Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.
Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.
Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:
ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service
ASMALLWORLD Collection, an online hotel booking engine focused on the world's most admired hotels, offering the unique "ASMALLWORLD Preferred Rate" (expected to go live in Q1 2020)
ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles
First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices
The World's Finest Clubs, the world's leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world
For more information, please visit:
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