Latest news with #Webjet
Herald Sun
6 days ago
- Business
- Herald Sun
Dendy Cinemas pays $20k to ACCC, watchdog to investigate ticket prices
Don't miss out on the headlines from National. Followed categories will be added to My News. Australia's consumer watchdog says they investigating movie ticket pricing across the industry, after a major chain was fined almost $20,000 for their pricing practices. The parent company of Dendy Cinema, which operates six locations on Australia's east coast, has paid $19,800 after the Australian Competition and Consumer Commission (ACCC) alleged it had been engaging in 'drip-pricing'. The ACCC says Dendy allegedly failed to prominently display the total single price for tickets - including the unavoidable booking fee - at the earliest opportunity in the booking process. 'Instead, Dendy displayed prices that did not include the unavoidable per-ticket booking fee, and did not display a total price for tickets until consumers reached the final stages of the online transaction,' the watchdog said. ACCC deputy chair Catriona Lowe said businesses needed to be upfront about the minimum cost of their products under Australian Consumer Law. Dendy Cinema Pty Ltd has paid an almost $20,000 fine to the ACCC. 'By initially only displaying part of the total price for a movie ticket, Dendy has reduced the ability of consumers to make an informed purchasing decision,' Ms Lowe said. 'Consumers are sometimes lured into purchases they would not otherwise have made when businesses display only part of the price upfront, and reveal the total price only towards the end of the purchasing process.' Following the action, the ACCC is looking industry-wide at cinema ticket pricing practices to ensure theatres are complying with the law. 'We encourage all businesses to review their online pricing practices to ensure they are complying with their obligations under the law, including providing the total minimum quantifiable price of products and services in their advertising and at the earliest opportunity in the booking process,' Ms Lowe said. The ACCC has previously taken action against online travel agent Webjet for similar practices in November last year. Webjet was alleged to have advertised minimum prices that did not include compulsory fees. Originally published as Dendy Cinemas fined for 'drip-pricing' tickets, ACCC to investigate industry ticket prices
Perth Now
6 days ago
- Business
- Perth Now
Dendy Cinemas fined for ‘drip-pricing' tickets, ACCC to investigate industry ticket prices
Australia's consumer watchdog says they investigating movie ticket pricing across the industry, after a major chain was fined almost $20,000 for their pricing practices. The parent company of Dendy Cinema, which operates six locations on Australia's east coast, has paid $19,800 after the Australian Competition and Consumer Commission (ACCC) alleged it had been engaging in 'drip-pricing'. The ACCC says Dendy allegedly failed to prominently display the total single price for tickets - including the unavoidable booking fee - at the earliest opportunity in the booking process. 'Instead, Dendy displayed prices that did not include the unavoidable per-ticket booking fee, and did not display a total price for tickets until consumers reached the final stages of the online transaction,' the watchdog said. ACCC deputy chair Catriona Lowe said businesses needed to be upfront about the minimum cost of their products under Australian Consumer Law. Camera Icon Dendy Cinema Pty Ltd has paid an almost $20,000 fine to the ACCC. Credit: Supplied 'By initially only displaying part of the total price for a movie ticket, Dendy has reduced the ability of consumers to make an informed purchasing decision,' Ms Lowe said. 'Consumers are sometimes lured into purchases they would not otherwise have made when businesses display only part of the price upfront, and reveal the total price only towards the end of the purchasing process.' Following the action, the ACCC is looking industry-wide at cinema ticket pricing practices to ensure theatres are complying with the law. 'We encourage all businesses to review their online pricing practices to ensure they are complying with their obligations under the law, including providing the total minimum quantifiable price of products and services in their advertising and at the earliest opportunity in the booking process,' Ms Lowe said. The ACCC has previously taken action against online travel agent Webjet for similar practices in November last year. Webjet was alleged to have advertised minimum prices that did not include compulsory fees.
AU Financial Review
01-06-2025
- Business
- AU Financial Review
The Webjet plan that sparked a fight with big egos and big money
Newly orphaned, overlooked and unloved, online travel agent Webjet could've disappeared from the ASX and not too many investors would have blinked. New chief executive Katrina Barry had a chance to turn sentiment at the company's inaugural strategy day on March 19. Six months into the job, and six months after Webjet was spun off by bigger brother Web Travel Group (a newer B2B booking company that swamped its B2C stablemate), she pitched a five-year plan to revitalise the company's 'iconic' brand (Webjet's words, not ours), expand its addressable market, launch a loyalty program and double the value of annual transactions by 2030.
News.com.au
28-05-2025
- Business
- News.com.au
ASX drops -0.13 per cent to 8,396.90
Now Playing The ASX200 surged in the early morning before finishing -0.13 per cent at 8,396.90. Top performers were Webjet Ltd, gaining 12.39 per cent and finishing at $5.26, and Omni Bridgeway, which gained 5.74 per cent and closed at $1.56.
AU Financial Review
22-05-2025
- Business
- AU Financial Review
This CEO lives in Sydney, works in Melbourne. Lucky she runs Webjet
Katrina Barry sees the sudden takeover interest in Webjet, the travel-booking business she runs, as recognition of the potential in the $330 million ASX-listed company. 'It's certainly been an interesting couple of weeks,' Barry tells BOSS from the company's Melbourne headquarters.
