TripStack wants to provide OTAs with access to Low-Cost Carriers (LCCs) and “Virtual Interline” fares.
Artificial intelligence-powered travel concierge Mezi has pulled out of its travel management company relationships after being acquired by American Express in January 2018.
The major challenges that travel firms face is to innovate on top of legacy technology systems and be respectful of regulations.
Amadeus' revenue grew 3.1% from January to March compared to the first quarter of 2017, reaching €1,230 million, while EBITDA increased 7.4% to €539 million.
Travelport reported a 6% increase in net income to USD 59 million for the first quarter of 2018. Travel Commerce Platform revenue increased 5% to $653 million.
Travel Network revenue rose 8.7%, with bookings growth of 5.7%; Airline Solutions revenue grew 6.7% and Hospitality Solutions revenue grew 5.8%.
In 2017, total revenue amounted to approximately RMB6,734.2 million, an increase of 8.2%; profit attributable to equity holders was approximately RMB2,248.7 million, a decrease of 7.1%.
Amadeus achieved 8.5% growth in revenue to €4,852.7 million and total travel agency air bookings grew 6.3% to 568.4 million.
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