| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
128 |
| Employees |
4,000 |
| Revenues (TTM) (Millions $) |
2,530 |
| Net Income (TTM) (Millions $) |
38 |
| Cash Flow (TTM) (Millions $) |
-5 |
| Capital Exp. (TTM) (Millions $) |
142 |
Business Description
Travelport Worldwide Ltd is a multinational technology company that offers online platforms, solutions and services to the travel industry. The company is headquartered in the United Kingdom and operates in over 180 countries, serving travel agencies, airlines, hotels, car rental companies and other travel providers.
Founded in 2006, Travelport is a leading provider of distribution and payment services for the global travel industry. Its primary focus is to simplify the travel booking process for travel agents, while offering travelers an enhanced experience through the provision of personalized services and offers. The company offers a range of services including:
1. GDS (Global Distribution System) - Travelport provides one of the worldes largest GDS platforms, which allows travel agents to make bookings for flights, hotels and car rentals, among other travel services.
2. Payment solutions - Travelport offers payment solutions to simplify the payment process for travel agents and their clients. This includes Virtual Account Numbers which generate secure virtual credit card numbers to facilitate transactions between agents and suppliers.
3. Airline IT solutions - Travelport offers airlines a range of IT solutions to improve their operational efficiency, revenue management, and customer engagement.
4. Mobile solutions - Travelport provides mobile technology solutions to improve the travel experience for travelers on-the-go, including mobile booking engines and itinerary planners.
5. Data analytics - Travelport uses data analytics to provide insights into traveler behavior, which enables travel agents and suppliers to make better decisions when it comes to pricing and marketing.
Travelport has also recently launched a new platform called the Travelport+ platform. It is designed to be an all-in-one solution that provides travel agents with access to over 400 airlines, 650,000 hotel properties, and 35,000 car rental locations.
In 2021, the company was acquired by Siris Capital Group, a private equity firm. The acquisition was aimed at helping Travelport to accelerate its growth plans and investment in technology. The company is led by CEO Greg Webb, and has over 3,700 employees worldwide.
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