Financial Performance

Oct 31, 2016, 15:01 PM

Tour revenue for FY16 was approximately $1.4m. Revenue has shown improvement in the past few years with advance bookings already surpassing the 2015/2016 season.

As of October 2016, the business had accepted ~$1.4m in advance bookings, and management expects an additional $0.2m–$0.3m of bookings to be accepted this financial year.

Assuming a cancellation rate of 1%, based on prior year completed tour sales, adjusted FY17 revenue is expected in excess of $1.6m.