First Free Story (1 of 3)Join Skift Pro
Orbitz Worldwide made modest strides in its hotel business in the fourth quarter as room nights sold increased 15% year over year.
By comparison, Expedia Inc. notched 25% room night growth in the fourth quarter while Priceline has yet to report its numbers. Travelocity, part of Sabre, is private.
For the fourth quarter, Orbitz notched $5.3 million in net income compared with a loss of $314.6 million a year earlier.
Revenue for the fourth quarter of 2013, driven by higher hotel and vacation package volumes and increase revenue in these transactions, increased 4% to $197.4 million.
In the fourth quarter, as Orbitz continues its successful quest to diversify away from the airline ticket business, hotel and vacation package revenue accounted for 53% of total revenue, up from 47% a year earlier.
Net income for full-year 2013 came in at $165.1 million compared with a net loss of $301.7 million for 2012. The change was tax-related in 2013, and because of an impairment charge in 2012.
Orbitz’s revenue for full-year 2013 climbed 9% to $847 million.
CEO Barney Harford said the company will focus on loyalty, mobile and international expansion in 2014.
For full-year 2014, Orbitz projects modest revenue growth in the low- to mid-single digits, and adjusted EBITDA growth in the high-single digits