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September 2022, Virtual
September 29 2022, Virtual
Egencia has seen its global corporate travel bookings grow by 48 per cent to $1.12 billion for the first three months of 2013.
The TMC, which is part of online travel giant Expedia, also saw revenue rise by 68 per cent to $89 million over the same period – compared to $53 million in the first quarter of last year.
This further growth comes on the back of strong results for Egencia during 2012 when it increased business travel sales by 37 per cent to $3.6 billion.
Egencia’s profit for the first quarter, as measured by Ebidta (earnings gefore interest, taxes, depreciation and amortisation) also rose by 22 per cent from $10 million to $12 million.
Expedia, which had total sales of $9.78 billion (up by 16 per cent year-on-year) for the quarter across all of its businesses, said that “strong growth in corporate travel fees” had helped boost Egencia.
Since the start of 2013, Egencia has agreed to a new global partnership with expenses specialist Concur. The agency, which bills itself as the fifth largest TMC in the world, has also made its Flight Exchange tool for US business travellers available on mobile devices.