14/11/2007

News Update - November 14, 2007

Source: m-travel.com...

Virgin Holidays comment on their 25% increase in online conversions...
Virgin Holiday is beginning to reap rewards from its long term overhaul of their site. The first stage of this redesign has seen online conversions rise 25% and key to this strategy was usability.

Travelport expects to achieve $150m of annual run rate Worldspan synergies...
Travelport Limited garnered net revenue worth $761 million and EBITDA of $165 million as the parent company of the Travelport group of companies shared its financial results for the quarter ended September 30, 2007.

Sabre signs developer agreement with nuTravel ...
Sabre Travel Network and nuTravel Technology Solutions have signed a new multi-year agreement that confirms nuTravel as a Sabre Authorised Developer.

eLong manages to stabilise the decline in growth rates...
Online travel service provider eLong, Inc. posted a net loss of RMB 7.4 million for the third quarter, compared with net income of RMB2.7 million for the same period last year.

OpenTravel CRM integrates Facebook...
Hartford-based Travel Sciences has integrated Facebook with its customer relationship management solution known as OpenTravel CRM.

Flight Centre raises $A100m, to acquire Liberty Travel ...
Flight Centre Ltd has successfully completed a placement of shares to raise $A100 million, a development which emerged after it agreed to acquire US travel agency Liberty Travel for $US135 million.

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