Gross bookings value at Egencia grew 26 percent to $621 million in the fourth quarter as revenue increased 16 percent to $45 million.

Adjusted earnings before interest, taxes, depreciation and amortization at Egencia increased 21 percent to $6 million, parent Expedia reported on Thursday. The company said its acquisition of European corporate booking tool Traveldoo "addresses a new segment of the managed travel market that we don't capture with Egencia's integrated solution. Although the business operates under Egencia, we'll run Traveldoo on a completely stand-alone basis. In many cases, Traveldoo will compete with Egencia in the same way that our leisure brands compete with one another today."