Expedia's Egencia maintained strong growth in the fourth quarter with gross bookings up 54 percent year over year to $955 million - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 06, 2013 - 09:40 AM ET

Expedia's Egencia maintained strong growth in the fourth quarter with gross bookings up 54 percent year over year to $955 million and revenue up 88 percent to $85 million. Adjusted earnings before interest, taxes, depreciation and amortization more than doubled to $13 million. For full-year 2012, the travel management company handled a 37 percent increase in gross bookings to $3.6 billion, a 63 percent in revenue and an 85 percent improvement in adjusted EBITDA to $53 million. All December-quarter and full-year growth rates dwarfed those reported for all of Expedia. Egencia's revenue in the December quarter accounted for 9.6 percent of total company revenue, up from 6.1 percent in the year-earlier period. In a Tuesday conference call with analysts, CFO Mark Okerstrom noted that quarterly growth in Expedia's overall air ticket volume and corporate travel fees was aided by the company's acquisition of Nordic TMC Via Travel in the second quarter of 2012.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Alaska Air Group on Thursday reported its fourth-quarter net income as $148 million,... read more »
American Express in the fourth quarter of 2014 reported $594 million net income for card-billed business in its Global Commercial Services division... read more »
The average daily rate at U.S. hotels in December increased 4.3 percent year over year to $113.42,... read more »
Adelman Travel acquired Dallas-based travel agency Plaza Travel,... read more »
Consolidated airline ticket sales among U.S. travel agencies in 2014 rose 4 percent year over year to $89.6 billion,... read more »
Delta Air Lines in December was the most punctual major U.S. carrier, with an on-time arrival rate of 84.8 percent,... read more »
Direct Travel announced the acquisition of Bloomington, Ill.-based Suzi Davis Travel,... read more »
SAP on Thursday completed its $8.3 billion acquisition of Concur,... read more »
October air transactions processed by mega travel agencies and settled through ARC rose 4 percent year over year,... read more »
Direct Travel acquired Peak Travel Group, a San Jose, Calif.-based travel management company with $185 million in annual sales volume.... read more »
Total revenue for Serko increased 50 percent year over year for the six months ending Sept. 30,... read more »