Travelport enjoys hotel booking role and payment IT growth


Travelport hopes to strengthen its position as one of the leading hotel distributors after seeing its total number of booked room nights increased to 65 million in 2015.

The company has no stated ambitions to challenge the leading packing of the Priceline Group, Expedia and Ctrip, but the modest increase from 61 million in 2014 is a sign that its strategy to concentrate on distribution (rather than IT) is paying off.

President and CEO, Gordon Wilson, admits its focus on hospitality has a “long way to go” but its position as the top B2B player illustrates it is “going in the right direction”.

Hotel booking in the last quarter of 2015 reached a milestone, Wilson says, with hospitality segments booked per 100 airline tickets reaching 50 for the first time in Travelport’s history.

The company’s other notable, non-air division, payment tech provider, eNett, came in with a $92 million revenue stream during 2015.

Wilson says a previously hinted-at aspiration to extend the service into other verticals away from the travel industry is still part of the long-term agenda, but there it expects there to be room for growth in its existing market over the next few years.

Read rest of the article at: Tnooz