Mr Gusicic also adopted the same rhetoric for Asian OTA Zuji, which Webjet bought last year. "Hotels are no longer a strategic focus given the intense competition in that segment," he said. He said Zuji's turnover is growing in the Australian and Singapore markets but its Hong Kong business is struggling. "Hong Kong is experiencing a difficult market environment," he said. "Total Turnover Value is expected to be down (with) increased competition hurting margins". Since buying Zuji last March, Webjet has sacked 40% of staff, reduced operating costs by 30%, moved Zuji to the Webjet IT platform and cut "200+" unprofitable revenue streams. Get the full story at Travel Trends