Travelport also owns approximately 48% of Orbitz Worldwide. In addition to GTA, its brands include the global distribution systems Galileo and Worldspan and Airline IT Solutions. Travelport provides transaction processing solutions to global travel companies. It was founded by Alfred Kuoni in 1906 and has grown to a worldwide workforce of 9,070 people. The Kuoni Group, headquartered in Zurich, is a global travel company focused on the leisure travel market and destination management business.
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It also offers sightseeing tours, attractions, private transfers, group travel and rail passes, which it distributes through wholesalers, tour operators, travel agencies and directly to consumers through its Octopus travel site. GTA distributes more than 35,000 hotel properties in more than 130 countries. GTA was established in London in 1975 and became a wholly owned subsidiary of Travelport in 2005. "Kuoni is a well-known and long-term customer of Travelport, and our aim will be to work in partnership with them to improve further the distribution and sale of the combined Kuoni/GTA inventory across the Travelport subscriber network," Jeff Clarke, president and CEO of Travelport, said in a statement.
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30, 2010, was $2.8 million (on a pro forma basis for the proposed sale of GTA). Travelport said that the net proceeds from the $720 million sale will be used to pay down its bank debt, which as of Sept. Its total transaction value for the year was $1.89 billion. Last year, GTA reported net revenue of $294 million and earnings before interest, taxes, depreciation and amortization of $84 million.
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Uniworld Boutique River Cruise Collection.Rockin' out at a Shaggy concert has benefits - for Jamaica The fundraiser helped the Rockhouse Foundation, which was founded by the owners of the Rockhouse Hotel & Spa in Negril and the.Tianguis Turistico highlights Mexico's rebirth of tourism Buyers and suppliers come together to highlight the billions of dollars of investment and new products coming to Mexico.
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