Orbitz 2014 Annual Report Download - page 35

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Net Revenue
Net revenue increased $85.0 million, or 10%, for the year ended December 31, 2014, as compared with the year ended
December 31, 2013. Excluding the impact of foreign currency fluctuations, net revenue increased $84.7 million compared with
the year ended December 31, 2013.
Hotel. Net revenue from hotel bookings increased $55.7 million or 19% for the year ended December 31, 2014
compared with the year ended December 31, 2013. Excluding the impact of foreign currency fluctuations, net revenue from
hotel bookings increased $57.8 million compared with the prior year. Domestic hotel net revenue for the year ended
December 31, 2014 increased $47.4 million as compared with the prior year. The increase was due primarily to higher volume.
International hotel net revenue increased $8.3 million for the year ended December 31, 2014 as compared with the prior year.
Excluding the impact of foreign currency fluctuations, international hotel net revenue increased $10.4 million. The increase
was due to higher volume partially offset by lower net revenue per transaction. The TPN acquisition contributed approximately
8 percentage points to hotel net revenue growth for the year ended December 31, 2014.
Net revenue from hotel bookings increased $68.5 million, or 30%, for the year ended December 31, 2013, compared
with the year ended December 31, 2012. Excluding the impact of foreign currency fluctuations, net revenue from hotel
bookings increased $71.1 million compared with the year ended December 31, 2012. Domestic hotel net revenue for the year
ended December 31, 2013 increased $54.5 million as compared with the prior year. The increase was due primarily to higher
volume and to a lesser extent, higher net revenue per transaction. International hotel net revenue increased $14.0 million for the
year ended December 31, 2013 as compared with the prior year. Excluding the impact of foreign currency fluctuations,
international hotel net revenue increased $16.6 million. The increase was due primarily to higher volume.
Air. Net revenue from air bookings increased $7.5 million, or 3%, for the year ended December 31, 2014, as compared
with the year ended December 31, 2013. Excluding the impact of foreign currency fluctuations, net revenue from air bookings
increased $5.8 million for the year ended December 31, 2014, as compared with the prior year. Domestic air net revenue
increased $6.5 million for the year ended December 31, 2014, as compared with the prior year. The increase was due to higher
volume, and to a lesser degree, net revenue per transaction. International air net revenue increased by $1.0 million for the year
ended December 31, 2014, as compared with the prior year. Excluding the impact of foreign currency fluctuations, international
air net revenue decreased $0.7 million. The increase in reported net revenue was due to higher net revenue per transaction and
higher volume. The TPN acquisition contributed approximately 9 percentage points to year-over-year standalone air net
revenue growth for the year ended December 31, 2014.
Net revenue from air bookings decreased $11.8 million, or 5%, for the year ended December 31, 2013, as compared with
the year ended December 31, 2012. Excluding the impact of foreign currency fluctuations, net revenue from air bookings
decreased $13.6 million for the year ended December 31, 2013, as compared with the prior year. Domestic air net revenue
decreased $5.1 million for the year ended December 31, 2013, as compared with the prior year. The decrease was due primarily
to lower transaction volume and the absence of $2.6 million in additional revenue in 2012 resulting from a reduction in an
unfavorable contract liability, partially offset by higher net revenue per transaction. The lower domestic transaction volume for
the year ended December 31, 2013 was driven primarily by lower OTC channel volume. International air net revenue decreased
by $6.7 million for the year ended December 31, 2013, as compared with the prior year. Excluding the impact of foreign
currency fluctuations, international air net revenue decreased $8.5 million. The decrease in international air net revenue was
due primarily to lower transaction volume, slightly offset by higher net revenue per transaction.
Vacation package. For the year ended December 31, 2014, net revenue from vacation package bookings increased $7.6
million, or 5%, as compared with the year ended December 31, 2013. Excluding the impact of foreign currency fluctuations,
net revenue from vacation package bookings increased $7.0 million for the year ended December 31, 2014, as compared with
the prior year. Domestic vacation package net revenue increased $4.0 million for the year ended December 31, 2014, as
compared with the prior year due primarily to higher net revenue per transaction, partially offset by a slight decrease in volume.
International vacation package net revenue increased $3.6 million for the year ended December 31, 2014, as compared with the
prior year. Excluding the impact of foreign currency fluctuations, international vacation package net revenue increased $3.0
million. The increase was due primarily to higher volume, partially offset by lower net revenue per transaction. The TPN
acquisition contributed approximately 2 percentage points to year-over-year vacation package net revenue growth for the year
ended December 31, 2014.
For the year ended December 31, 2013 net revenue from vacation package bookings increased $12.4 million, or 10%, as
compared with the prior year. Excluding the impact of foreign currency fluctuations, net revenue from vacation package
bookings increased $12.0 million for the year ended December 31, 2013, as compared with the prior year. Domestic vacation
package net revenue increased $7.8 million for the year ended December 31, 2013 as compared with the prior year driven