Travelport strong in Asia-Pacific
Travelport last month released its first quarter figures for 2017, with the technology firm’s global revenue up 7% to US$651 million. The brightest star for the company was the Asia Pacific region, where “commerce revenue” increased a healthy 18% to US$151 million – almost on par with its revenue from the USA. Other regions grew more slowly, with Europe up 4% to US$202 million, and while revenue from the Middle East and Africa rose, total segment numbers in this region were down 3% on the previous corresponding period. Overall earnings (adjusted EBITDA) increased by 9% to US$169 million during the quarter.
CEO Gordon Wilson said he was “delighted that our leadership positions in airline content and merchandising, hospitality, mobile commerce and commercial payments are translating into greater revenue from existing customers, as well as new business wins across multiple geographies”. India, Indonesia, Singapore and Hong Kong performed particularly well, with Wilson adding: “we’re really pumping in Asia Pacific”. He forecast that in the future the region would overtake the US as the company’s major revenue source. Another key contributor to the result was Melbourne-founded payments service eNett International which recorded a 22% increase in net revenue to US$41 million due to higher volumes from existing customers and new customer wins.
Travelport also announced a new partnership with corporate-focused Indian hotel chain Treebo Hotels, making the group’s properties available to Travelport’s international business clients and travel agencies across the globe.