Travelport buys mobile technology

09 Jul 2015  2039 | World Travel News

LANGLEY, UK  Travelport Worldwide Limited that provides distribution to the global travel and tourism industry, has acquired Mobile Travel Technologies Ltd a private company based in Dublin, Ireland.
MTT provides a mobile travel platform that allows airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through mobile services including apps, mobile web and intelligent mobile messaging.
MTT’s mobile apps and services are then delivered, under the customer brand, to smartphones, tablets and wearable devices, including the Apple Watch.
Its clients include easyJet, Singapore Airlines, Saudia, BCD Travel, Capita Travel and Events and the LATAM Airlines Group.
inside no 5The mobile travel platform and product set can enable travel companies to quickly launch high-end, mobile services including search, booking and check-in.
Numerous recent industry research studies into the mobile commerce sector, indicate that the sector is positioned for further rapid growth.
In 2014, mobile commerce accounted for around one third of all e-commerce transactions globally (source: Criteo); air ticket transactions are predicted to grow from just under 200 million in 2014 to over 540 million by 2018, with transaction value increasing from USD52 billion to USD145 billion for the same period (source: Juniper). Similarly, in the US alone, the transaction value of hotel bookings made using mobile devices is expected to grow from USD2.7 billion in 2014 to USD5.4 billion in 2016, reflecting a growth rate of more than 100% in just two years (source: Juniper).
Travelport’s president and CEO, Gordon Wilson, commented: “Adding MTT extends our reach further, and at the higher value add end of the service spectrum for our airline, hotel, travel management company and travel agency clients.”
At the same time, MTT will benefit from the network effect of Travelport in terms of infrastructure, our relationships with additional prospective clients and access to our industry leading content.
“We will run MTT as a wholly owned subsidiary of Travelport, retaining existing CEO, Gerry Samuels, along with his senior team, so that they can maintain their singular focus on the mobile sector and the deep seated customer relationships they build.”
Travelport’s acquisition of MTT follows other recent investments it has made as part of its ongoing strategy to redefine travel commerce, with a particular emphasis on the fast growing digital economy.
inside no 5.1These investments include Travel IT, a next generation German tour operator distribution system; Hotelzon, a hotel distribution company focused on enabling independent hotels to take part in the online corporate travel economy and Locomote, an Australian based corporate travel applications development company. Travelport has also invested in, and expanded, eNett, a pioneering B2B electronic payments company which now operates in 47 countries around the world and continues to grow rapidly.
The latest acquisition was funded from Travelport’s cash resources. Travelport expects the acquisition to be neutral for its financial performance in 2015 and accretive in future years.

sourced:ttrweekly.com 

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