An increase in low-cost carriers and ancillary products available on Traveport’s GDS has enabled the technology company to see an increase in revenue and EBITDA in its third quarter results.
The travel technology company said a greater momentum in its merchandising platform for airlines has driven a 5% increase in net revenue to US$511m and adjusted EBITDA up 5% to US$128m.
Gordon Wilson, CEO of Travelport told Travel Daily this is the 10th consecutive quarter of growth in the average transaction value and expects this will continue to grow.
“We’ve been showing steady growth that has been driven by the growth in our ‘Beyond Air’ products such as hospitality, ancillaries and our eNett payment capability,” he explained. “I’m proud of what we are doing what we said we would [and grow]; I am very confident about our future.”
More low-cost carriers are due to join the company’s GDS by the end of the year with Wilson saying more airlines are understanding how product availability can help boost profits.
These ancillary sales will also be introduced into Travelport’s ViewTrip app and expects ancillary sales to soar in the next 12-18 months.
Emerging regions such as Asia, Africa and Eastern Europe are seeing the largest growth, while in the UK there are signs of recovery in both the business and leisure sectors.