“Steady travel demand combined with operational excellence across our portfolio drove solid quarterly financial results, including better-than-expected revenue and earnings,” said Sam Gilliland, chairman and CEO, Sabre Holdings, owner of Travelocity. “Throughout our businesses, we continued to see excellent performance from initiatives that are bringing us differentiation including packaging, new content and technology.”
For the first quarter, Travelocity gross travel bookings were $1.6 billion, an increase of 27 percent year-over-year. Revenue was $147 million, a 32 percent increase from the year-ago quarter of $111 million. Transaction revenue for the quarter was $125 million, an increase of 31.2 percent, year-over-year. Non-transaction revenue, which includes advertising, corporate, and international joint ventures, was $22 million, a 36.3 percent increase year-over-year.
Other Travelocity results for the first quarter (year-over-year):
– Air transaction revenue grew 11.4 percent
– Non-air transaction revenue grew 47.7 percent
– Packaging revenue grew 92 percent
– Packaging revenue, as a percent of total transaction revenue, was 27 percent
– Hotel room nights across the Travelocity network were up 32.1 percent
