January 17, 2017
Shiji acquires ReviewPro
China-based Shiji announced the acquisition of a majority stake in ReviewPro, the leading cloud-based data and analytics provider of Guest Intelligence solutions for hotels.Read more
The Americas region had the largest year-over-year decline, down 6.1 percent to 37 million segments, while Europe was the only region showing growth, up 1.1 percent to 19 million segments. The company increased its hotel content to over 375,000 bookable properties and more than 950,000 room offers.
For full-year 2012, Travelport's processed segments declined 2.2 percent, with the Americas again experiencing the largest regional drop, down 3.5 percent to 170 million, while the Middle East/Africa region had the only increase, up 1.8 percent.
Parent company Travelport Limited's fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization was $89 million, down from $106 million in the year-earlier period. When excluding the loss of the United Airlines IT services contract, adjusted EBITDA increased by $2 million versus the fourth quarter of 2011.
Overall, Travelport's quarterly net loss nearly doubled to $165 million.
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Read also "Travelport Limited Launches Comprehensive Refinancing Plan" at Travelport
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