Travelport

Travelport is a Travel Commerce Platform providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry.

Company

With a presence in over 170 countries, approximately 3,400 employees, 2013 net revenue of $2.1 billion and $2.3 billion in debt in 2014, Travelport is composed of a Travel Commerce Platform through which it connects travel providers with travel buyers and Technology Services through which it provides IT services to airlines.

Travelport is headquartered in Langley, Berkshire. The company recently completed its initial public offering on the New York Stock Exchange and trades under the symbol “TVPT”.

History

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.