Travelocity revenue up 65% to $830m - TravelMole


Travelocity revenue up 65% to $830m

Saturday, 03 Feb, 2006 0

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

   



 


profileimage

Phil Davies



Most Read

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns

James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel

Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination

Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics

Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy

Bubba O’Keefe on Clarksdale’s Vibrant Music Scene

Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee

Craig Ray and the Expansion of the Blues Trail

Presenting Mississippi’s Cultural Trails with Katie Coats

Robert Terrell: A Journey Through BB King’s Influence

Rochelle Hicks: Celebrating Mississippi’s Musical Legacy

Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari