February 11, 2010 - 05:05 PM ET
Egencia for the December quarter reported a 24 percent year-over-year jump in gross bookings to $389 million , the highest quarterly total since mid-2008. For full-year 2009, gross bookings slid 9 percent to $1.4 billion. "Egencia meaningfully outpaced competitor growth in Q4 while adding nine additional countries through localized partnerships," said Dara Khosrowshahi, president and CEO of Egencia parent Expedia Inc. "The fundamentals are getting a bit better, especially on the business travel side. Egencia really is showing nice strength. It is a combination of same-store sales getting better, businesses starting to travel again and also very strong sales on the new account front."
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