December 14, 2017
Hotelbeds targets 10,000 directly contracted properties in three years
The aim is to gain the best prices, under the best terms and conditions, for the group's 60,000 travel intermediary clients globally.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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