Jetset Travelworld are poised to report a decline in trading value, consistent with the low growth experienced in Australia’s leisure market.

QBT, Jetset’s travel management business, noticed a drop in total transaction value (TTV) for the four months to 31 October, reflecting a reduction in travel expenditure by government agencies.

Jetset Travelworld chairman Tom Dery has predicted a 10 percent reduction in the Group’s TTV for the first-half of the financial year, compared to the same period last year.

“This reduction has been largely offset by an improvement in the margin of revenue to TTV and an approximate 9 percent reduction in costs through realising the benefits of the restructuring announced in June 2012 and other cost control initiatives,” Mr Dery said.

Costs associated with the company's strategic review ($2.4 million) and the retirement of previous chief Peter Lacaze ($0.8 million) were not included in the trading value outcomes.

Mr Dery said the Board of Directors was pleased with new chief executive Rob Gurney’s progress and expects the strategic review, due in the first quarter of 2013, will provide long term direction for the company and deliver benefits to all key stakeholders.

Jetset Travelworld recently snagged a CHOICE Shonky award for consumer rights violations.

Rival Flight Centre recently reported it was on track to achieve 2012 targets of $315 million in profit before tax.