LANGLEY, U.K., March 26, 2018 /PRNewswire/ -- Travelport Worldwide Limited ("Travelport") (NYSE: TVPT) notes the announcement today by Elliott Associates, L.P. that it has taken an 11.8% economic interest in the company.
Travelport has regular and open dialogue with its shareholders and, in this context, considers contributions made by all shareholders about the development of Travelport's strategy.
Travelport is the technology company which makes the experience of buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel platform.
Travelport has a leading position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.5 billion in 2018, Travelport is headquartered in Langley, U.K., has over 3,700 employees and is represented in approximately 180 countries and territories.