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Travelocity revenue up 65% to $830m
Total revenue at Travelocity rose by 65% in 2005 from $503 million to $830 million.
This was based on gross travel bookings of $7.4 billion, up 51% year-on-year.
Year-end figures from parent company Sabre Holdings show Sabre Travel Network revenue up 4% to $1.6 billion with global transations through the GDS rising 4% year-on-year to 343 million.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for Sabre Holdings for the year were $391.5 million against $386 million in 2004. Revenue was up 18% from $2.1 billion to $2.5 billion. Revenue in the fourth quarter was up 25% to $620 million, giving EBITDA of $46 million, down from $56 million in the same period in 2004.
Sabre Holdings chairman and CEO Sam Gilliland said: “We finished what was a very exciting investment year with healthy revenue growth in the fourth quarter and solid operating performances across our business units. We expect that the work we did in 2005 will fuel significant revenue and earnings growth in 2006 and beyond.”
Meanwhile, two roles have been created following the departure from Sabre Travel Network of former strageic marketing and sales EMEA vice-president Stuart Nassos to become managing director of Holiday Autos, a subsidiary of Sabre-owned lastminute.com.
Dean Bibb, formerly with Hilton International and Avis, becomes vice president supplier relations and joint ventures in the region and Geoffrey Breeze, previously with SITA and Galileo, takes the role of vice-president brand marketing and strategy.
Report by Phil Davies
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