||This article appears to contain a large number of buzzwords. (November 2011)|
|Founded||2001 (United States)|
|Key people||Douglas Steenland, Non-Executive Chairman;
Gordon Wilson, President and CEO;
Philip Emery, CFO;
Eric Bock, Chief Administrative Officer and General Counsel;
Kurt Ekert, Chief Commercial Officer
|Revenue||US$ 2 billion|
|Employees||Approximately 3, 500|
|Subsidiaries||Travelport (includes Apollo, Galileo and Worldspan), Travelport Airline IT Solutions, THOR|
Travelport is a leading distribution services and e-commerce provider for the global travel industry. The company operates a global distribution system (GDS) business, with three brands: Apollo, Galileo and Worldspan. The GDS business provides aggregation, search and transaction processing services to travel providers and travel agencies, allowing travel agencies to search, compare, process and book itinerary and pricing options across multiple travel providers.
Within the GDS business, Travelport Airline IT Solutions hosts mission critical applications and provides business and data analysis solutions to major airlines to enable them to focus on their core business competencies.
A privately owned company, headquartered in Atlanta, USA, with reported 2013 net revenue of $2.076 billion, Travelport has a presence in over 170 countries and approximately 3,500 employees.
Travelport traces its origins back to 1971, but its most immediate predecessor, Travel Distribution Services (TDS), was founded in 2001 through the acquisition of Galileo International by TDS's parent, Cendant Corporation. Travelport was formed in August 2006, when Cendant sold Orbitz and Galileo to The Blackstone Group in a deal valued at $4.3 billion.
In April 2006, shortly before Travelport was sold, Cendant hired Jeff Clarke as president and CEO of Travel Distribution Services to lead the sale of the division. He is currently a member of the board of directors of Travelport and chairman of the board of Orbitz Worldwide, Inc. Gordon Wilson was appointed President and CEO of the company and a member of the board of directors of Travelport in June 2011.
Shortly after the Blackstone-led buyout, in December 2006, Travelport struck a deal to buy one of its rivals, Worldspan, for $1.4 billion.
In May 2007 the company filed a registration statement with the U.S. Securities and Exchange Commission to sell a portion of Orbitz Worldwide in an initial public offering (IPO). The IPO was priced on July 20, 2007, opening at $15.00 per share, and closed on July 25, 2007. A month later, Travelport completed the Worldspan deal, integrating Worldspan with Galileo.
By combining operations with Worldspan and streamlining overlapping functions that Travelport had inherited from a string of more than 20 earlier mergers under Cendant, Travelport cut its overhead by $390 million in three years and doubled its cash flow.
On September 19, 2007, Travelport became the first travel company to receive a 100 percent rating on the sixth annual Corporate Equality Index awarded by the American Human Rights Campaign Foundation. Worldspan achieved the 100 percent rating on HRC's Corporate Equality Index in 2002, 2003, 2004 and 2005.
On May 5, 2011, Travelport completed the $720m sale of its GTA (Gullivers Travel Associates) business to Kuoni, in line with its strategic plan to focus on maximizing the potential of its core business.
Travelport Mobile Agent
Travelport Mobile Agent is a native iOS and Android mobile application for Travelport subscribers using the Galileo, Apollo and Worldspan global distribution systems (GDS). It is developed by TTS, a global leading player in the development of innovative solutions for the travel and tourism industry, in partnership with Travelport, a leading distribution services and e-commerce provider for the global travel industry.
This application was build having in mind the growing need for the travel agents to have access to the GDS (Global Distribution System) whenever and wherever they are. To respond to that need, TTS in partnership with Travelport developed the first tool that gives access to the GDS through mobile devices.
In the beginning, customers could only access Galileo GDS, using the necessary GDS credentials and managing client bookings. In December 2012, both versions (Android and iOS) starts supporting Apollo GDS. In May 2013, TMA is made available on Worldspan GDS, which means that now travel agents can use Travelport GDS cores, Apollo, Galileo or Worldspan and can work on their cryptic screen via iPad, iPhone, iPod Touch or Android devices, anytime, anywhere.
On 20th of October 2012, Travelport Mobile Agent has been nominated as finalist for the category of “Best Mobile Application” at Travolution Awards, the most prestigious UK event focused on the travel industry.
Nowadays, Travelport Mobile Agent is present in more than 70 countries and it is counting more than 41 000 downloads.
On July 30, Travelport Mobile Agent will release its 3.0 version, that will be available on Apple and Google stores.
- David Carey and John E. Morris, King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone (Crown 2010), pp. 314-18.
- Ibid., p. 317.
- Ferris, Bev. "Travelport gets human rights accolade", travelmole.com, September 19, 2007. Accessed September 27, 2007.
- Travelport website
- Travelport ViewTrip, public site for viewing reservations made through Travelport's Galileo and Apollo computer reservations systems