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MarketScreener Homepage  >  Equities  >  Nyse  >  Travelport Worldwide Ltd    TVPT   BMG9019D1048

TRAVELPORT WORLDWIDE LTD

(TVPT)
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Travelport Worldwide : is member of a consortium awarded EU funding to create online travel planning tool

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05/16/2016 | 02:38pm EDT

Travelport (NYSE:TVPT), a leading Travel Commerce Platform, announces it is a member of a consortium awarded EU funding to help pilot a new online travel planning and booking solution which utilises multiple modes of transport. EuTravel is a 30 month project funded by Horizon 2020 which is the biggest EU Research and Innovation programme to date.

The project lead is Inlecom Systems Ltd, a company specialising in transport research, and a number of travel service providers are also involved. Travelport will provide travel data through its API technology and will also play a role in the design and implementation of the pilot system.

This fully integrated system will search for and present synchronised itineraries to travellers and enable them to book and pay for their chosen travel across Europe. The new tool will be designed for both travel agencies and individual travellers and will facilitate the simple organisation of a door-to-door multi-modal trip according to personal preferences and even take into account its environmental impact.

Ioanna Fergadioti, Project Manager at Inlecom, commented: 'We are pleased to be leading on this project which will pilot an innovative and invaluable new journey planning tool for Europe. The potential societal, environmental and economic benefits of multi-modal travel information, planning and ticketing services are huge, as emphasised in a recent Commission report. In addition, we believe that this solution will offer new business opportunities for service providers in the travel industry.'

Stephen O'Hara, Director of Rail, at Travelport, said: 'We are thrilled to be part of this complex EU initiative to pilot a first-of-its-kind travel planning solution for Europe. We are enjoying working on this unique tool which will offer travel service providers and agencies a simpler way to deliver customised services and cater for any type of specialised travel needs.'

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Notes to editors


[1]

EuTravel (www.eutravelproject.eu) has received funding from the European Union's Horizon 2020 research and innovation programme under the grant agreement No 636148.

[ 2] Towards a roadmap for delivering EU-wide multimodal travel information, planning and ticketing services SWD (2014) 194 final 13/6/2014.

Travelport Worldwide Limited published this content on 16 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 May 2016 18:37:03 UTC.

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Financials ($)
Sales 2019 2 641 M
EBIT 2019 351 M
Net income 2019 87,8 M
Debt 2019 1 902 M
Yield 2019 1,27%
P/E ratio 2019 23,43
P/E ratio 2020 19,46
EV / Sales 2019 1,47x
EV / Sales 2020 1,35x
Capitalization 1 986 M
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Douglas M. Steenland Chairman
Bernard L. Bot Chief Financial Officer & Executive Vice President
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Elizabeth Lynch Buse Independent Non-Executive Director
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