Travelport Worldwide Limited has announced its fin

first_imgTravelport Worldwide Limited has announced its financial results for the first quarter ended 31 March, 2017, reporting a ‘particularly strong performance in Asia Pacific’, according to Gordon Wilson, President and CEO of Travelport.Mr Wilson said Asia Pacific is “… the world’s fastest growing and largest travel region, where we grew our air market share and saw our highest level of quarterly revenue growth for over five years.”The company reported a net revenue increase of 7% to $651 million and net income increase to $56 million for the Quarter.Travelport’s Travel Commerce Platform revenue increased 7%, with revenue growth across all regions and air revenue also increased 7% to $474 million, primarily driven by strong market growth and seasonal effects.“… I am delighted that our leadership positions in airline content and merchandising, hospitality, mobile commerce and commercial payments are translating into greater revenue from existing customers, as well as new business wins across multiple geographies. We continue to invest in implementing these new wins, as well as in new product and capability extensions that will expand our focused areas of market leadership and support future growth. Given our positive start to the year, we are confident in our outlook for 2017 and expect our full year earnings and cash flow to come in towards the higher end of our guidance ranges.” Travelportlast_img

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