Travelport Is Diversifying With Strong Growth in Payments Tech
Photo Credit: Travelport CEO Gordon Wilson was in high spirits when his company debuted on the public markets in New York in 2014. Can he guide the company through an upcoming era of technological change? Travelport
Skift Take
How is Travelport competing against much bigger companies like Sabre and Amadeus? By creating technology solutions its clients actually want to use while expanding in the world's fastest-growing regions for travel.
Travelport may be the smallest of the three major global distribution system providers, but the company's investments in new technology and markets are paying off, according to the company's 2017 fiscal year and Q4 2017 financial results.
Travelport's 2017 revenue increased four percent to $573.5 million, while its net income increased 153 percent to $52.4 million.
The company's technology services division posted decreased revenue of 12 percent in the fourth quarter largely because Travelport sold its stake in India-based IGT Solutions in April, although business in the division unrelated to IGT Solutions increased by 5 percent.
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