April 24, 2018
Marriott launches home-rental program
Marriott introduced the program with 212 London-area homes, which are accessible through both the TributePortfolioHomes.com website and through a link on Marriott's home page.Read more
Travelport Limited posted a net loss of $10 million in the first quarter ended March 31, 2013, versus a net loss of $11 million in the same period a year ago. Results were impacted by the loss of an agreement with United Airlines.
The company increased RevPas by 6 percent, including a 20 percent growth in hospitality, payment processing and services revenue.
Also, it launched an airline merchandising platform in April, signed airline agreements, extended hotel rooms offers to more than one million and expanded operations in targeted growth regions of Africa and Russia. It's also successfully completed refinancing in April 2013.
"We are today reporting an increase in underlying revenue, a growth in underlying Adjusted EBITDA, and a significantly strengthened Travelport group balance sheet following April's successful refinancing," said Gordon Wilson, president and CEO, Travelport.
Get the full story at Travel Agent Central and Travelport
Visit our sponsors: