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Egencia has continued its strong global growth by recording a 30 per cent increase in travel sales during the first nine months of 2013.
The Expedia-owned TMC saw gross sales rise to $3.43 billion between January and September, compared to $2.63 billion for the same period in 2012.
Revenue was also up by 30 per cent year-on-year to $269 million for the nine-month period.
But the pace of Egencia’s growth slowed in the third quarter with a 20 per cent increase in sales compared to 27 per cent rise in the second quarter, which itself was down from a rise of 48 per cent in the first three months of 2013.
Dara Khosrowshahi, Expedia’s chief executive officer, said that Egencia was still one of its “earlier-stage businesses where the focus is more on top-line growth and share gains than on near-term profits”.
Egencia, which bills itself as the world’s fifth largest TMC, has benefited from signing deals to manage travel for airport ground handler Swissport and US accountancy firm Dixon Hughes Goodman during the third quarter.
Another recent development has been the launch of a new partnership in the UK between Egencia and online rail ticket specialist Thetrainline.com to provide clients with a new booking platform.