Total revenue was $422 million, or 3% decrease year-over-year. Total Adjusted EBITDA was $128 million, an increase of 17% year-over-year.
Total revenues were $3.9 billion, a 9% increase from the prior year while net income was in line with the prior year at $979 million.
Upgrade Pack connects directly to airline and hotel APIs, enabling users to access live, premium seat and room upgrades at a typical saving of 15% to 35% through its closed online marketplace.
In a little over a year, Socio's client base has grown to more than 400 customers in nearly 50 countries.
Flight Centre said its Americas businesses, which together generated a AUD$70.2million profit before tax during FY18, were closing in on a profit in excess of AUD$100million for FY19.
Marriott announced plans for two new resorts that will cost more than $800 million combined to build.
Tour operators usually rely on a wide range of distribution partners, and tour operators take on a huge risk by handing over all their data and distribution power to a single OTA.
The plan going forward is to make Urbandoor’s longer-term listings bookable through Airbnb.
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