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Travel management company Egencia has seen its booking rise by 21 per cent following its takeover of Orbitz for Business.
Egencia’s parent company Expedia completed a $1.6 billion purchase of fellow online specialist Orbitz Worldwide in September 2015.
As part of this deal, Egencia’s division now includes Orbitz for Business. This addition helped increase Egencia’s gross travel bookings to $1.66 billion for the first three months of 2016, compared to sales of $1.37 billion in 2015.
Egencia’s revenue also grew by 12 per cent from $98 million in 2015 to $110 million for the first quarter this year.
Although the division’s profits, as measured by ebitda (earnings before interest, taxes, depreciation and amortisation), fell by 22 per cent from $20 million to $15 million for the quarter.
During the quarter, Egencia signed new deals with Toshiba Global Commerce Solutions, One Call Care Management, Bla Bla Car and estate agency JLL.
Another recent move has seen the TMC sign a partnership deal with taxi specialist Uber and transport information provider Citymapper to add their services to Egencia’s Tripnavigator app.