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Orbitz reports second quarter 2015 results

08/06/2015| 10:43:46 PM| 中文

Chicago, August 6, 2015 - Orbitz Worldwide, Inc. (NYSE: OWW) today announced results for the second quarter and six months ended June 30, 2015.

• Room nights increased 3 percent year-over-year

• Net revenue decreased 3 percent year-over-year to $240 million; excluding the impact of foreign exchange fluctuations, net revenue was flat year-over-year

• Net loss was $4.3 million

• Adjusted EBITDA was $31.9 million

Second Quarter Financial Results

Gross Bookings and Net Revenue

Gross bookings decreased 8 percent year-over-year to $3.1 billion in the second quarter 2015. This decrease was driven by lower air and vacation package volume and lower average booking values per air transaction, partially offset by higher hotel and car volume. Excluding the impact of foreign exchange fluctuations, gross bookings decreased 6 percent year-over-year.

Net revenue decreased 3 percent year-over-year to $239.6 million in the second quarter 2015. This decrease was driven by lower air and vacation package volume and lower net revenue per air and vacation package transaction, partially offset by higher hotel and car transaction volume and higher net revenue per hotel transaction. Excluding the impact of foreign exchange fluctuations, net revenue was flat year-over-year.

• Standalone hotel net revenue was $99.4 million in the second quarter 2015, up 10 percent year-over-year. This increase was primarily due to higher transaction volume and higher net revenue per transaction. Standalone hotel net revenue represented 42 percent of total second quarter net revenue, up from 36 percent in the second quarter 2014.

• Standalone air net revenue was $61.1 million in the second quarter 2015, down 14 percent year-over-year. This decrease was due to lower transaction volume and lower net revenue per transaction. Standalone air net revenue represented 25 percent of total second quarter net revenue, down from 29 percent in the second quarter 2014.

• Vacation package net revenue was $37.2 million in the second quarter 2015, down 14 percent year-over-year. This decrease was driven by lower transaction volume and lower net revenue per transaction. Vacation package net revenue represented 16 percent of total second quarter net revenue, down from 17 percent in the second quarter 2014.

• Advertising and media net revenue was $14.6 million in the second quarter 2015, down 4 percent year-over-year. Advertising and media net revenue represented 6 percent of total second quarter net revenue in both 2015 and 2014.

• Other net revenue was $27.4 million in the second quarter 2015, down 3 percent year-over-year. Other net revenue represented 11 percent of total second quarter net revenue in both 2015 and 2014.

• Domestic net revenue was $186.9 million in the second quarter 2015, up 3 percent year-over-year. International net revenue was $52.7 million in the second quarter 2015, down 20 percent year-over-year. Excluding the impact of foreign exchange fluctuations, international net revenue was down 8 percent year-over-year.

Operational Highlights

Consumer Brands

• In May, Orbitz Worldwide announced the appointment of Nigel Pocklington as President of ebookers. Nigel is based in London and is responsible for the strategy and all aspects of the ebookers business throughout Europe.

• During the second quarter 2015, 36 percent of standalone hotel bookings were made via mobile devices across the company’s global consumer brand portfolio, up from 31 percent in the second quarter 2014.

• In June, Orbitz Worldwide announced complimentary registration in the TSA PreCheck® expedited airport screening program for top tier Orbitz Rewards members.

• During the second quarter 2015, Orbitz.com launched the latest installment of its successful online video initiative, Orbitz Originals, hosted by award-winning travel expert Richard Bangs. "Orbitz Originals: Illinois," viewable at orbitz.com/Illinois, is a seven-part series produced in partnership with the Illinois Office of Tourism. To date, Orbitz Originals videos highlighting Australia’s Northern Territory, Bermuda, Cancun, the Cayman Islands, Florida, Jackson Hole, New York, Northern Ireland, Puerto Rico, Qatar, Vermont and Western Ireland have generated more than 3 million views by travelers seeking inspiration for future trips.

Orbitz for Business

• Orbitz for Business announced a partnership with Visa Inc. to provide corporate clients a turnkey, end-to-end travel and expense solution designed to make booking, reconciliation and reporting more efficient. The solution, Visa Travel Manager, is powered by Orbitz for Business and specifically designed to give mid-market companies control of, and visibility into, employee travel spending as well as access to a fully mobile and consumerized travel booking platform.

Orbitz Partner Services Group

• During the second quarter 2015, Orbitz Worldwide signed hotel distribution agreements with Choice Hotels International, Coast Hotels, Barceló Hotels & Resorts and Edda Hotels in addition to Bahia del Duque, Chicago Athletic Association Hotel, Hard Rock Hotel Goa and The Old Course Hotel, Golf Resort & Spa at St. Andrews.

• During the second quarter 2015, Orbitz Worldwide signed marketing and promotion agreements with a number of airlines including Air Berlin, Air Namibia, Asiana Airlines, China Southern Airlines, Fiji Airways, FlexFlight, JetAirFly, WOW Air and XL Airways of France.

• During the second quarter 2015, Orbitz Worldwide signed partner marketing contracts with a number of destination marketing organizations including Abu Dhabi Tourism, Pro Colombia, Dubai Department of Tourism, Georgia Tourism, Jamaica Tourism, Jordan Tourism, Nashville Convention & Visitors Bureau, Nassau Paradise Island, Destination New South Wales, Tourism New Zealand, Visit Tampa Bay and Texas Tourism.

TAGS: Orbitz | financial results
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