Travelport reported a 6% increase in net income to USD 59 million for the first quarter of 2018. Travel Commerce Platform revenue increased 5% to $653 million.
Travel Network revenue rose 8.7%, with bookings growth of 5.7%; Airline Solutions revenue grew 6.7% and Hospitality Solutions revenue grew 5.8%.
In 2017, total revenue amounted to approximately RMB6,734.2 million, an increase of 8.2%; profit attributable to equity holders was approximately RMB2,248.7 million, a decrease of 7.1%.
Amadeus achieved 8.5% growth in revenue to €4,852.7 million and total travel agency air bookings grew 6.3% to 568.4 million.
Travelport reported net revenue increased 4% to $2,447 million, including Travel Commerce Platform revenue growth of 5% to $2,341 million.
Airline and Hospitality Solutions revenue increased 1.2% to $269.7 million. Travel Network global bookings increased 3.7%, driven by 12.5% growth in Asia-Pacific.
Amadeus have reviewed over 1,300 startups but only invested in nine. How does it choose strategies?
Situm uses GPS to help travellers use their mobiles to find their way around airport, train stations and other locations.
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