Last year, Egencia's gross bookings rose 17 percent from 2015 to reach $6.4 billion, and Expedia CEO Dara Khosrowshahi said Thursday the company's corporate travel arm aims "to double over the next four years."
During a company earnings call late last month, Expedia CEO Dara Khosrowshahi said the bulk of the work integrating its recent Orbitz acquisition would occur "over the next nine months," but some business lines, including Orbitz for Business, would be "pushing out to a year or more."
Egencia's first-quarter gross bookings rose 21 percent year over year to $1.66 billion, parent company Expedia reported Thursday, an increase due in large part to the inclusion of Orbitz for Business results in Egencia's financial statements. Expedia acquired Orbitz Worldwide last year.
Egencia's gross booking volume increased 13 percent to $1.4 billion for the three months ending Dec. 31, parent company Expedia reported Wednesday. Those quarterly results now include Orbitz for Business, which operates alongside Egencia following the acquisition of Orbitz, which closed in September.
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Denver – Egencia will sunset Orbitz for Business and complete client migrations this month, following Expedia's acquisition of Orbitz Worldwide last year, Egencia Americas senior vice president Mark Hollyhead said in an interview this week at the Global Business Travel Association convention here.