|
Revenue,
Segments
& performance, Geographic
Information
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Revenue
"Orbitz
Worldwide" generates revenue from the following sources:
-
Company's
net revenue is derived primarily from
travel-related commissions received for airline,
hotel, car rental and other reservation and
fulfillment services, service fees and GDS (global
distribution systems)
fees.
-
Derive
a relatively small portion of net revenue from
advertising and certain other third-party fees.
Company
record revenue net of all
amounts paid to its suppliers under both the retail
and merchant models.
|
($
in millions) |
Year
Ended December 31 |
Three
Months Ended March 31 |
|
2004 |
2005 |
2006 |
2006 |
2007 |
|
Commissions
and fees earned on air transactions |
86 |
323 |
355 |
89 |
99 |
|
Commissions
and fees earned on hotel, vacation package,
car rental and cruise transactions |
158 |
363 |
397 |
93 |
113 |
|
Net
revenue |
244 |
686 |
752 |
182 |
212 |
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Segments
The
Company determines the operating segments based on how
the chief operating decision makers manage the
business, including making operating decisions and
evaluating operating performance. The Company operates
in one operating segment and has one reportable
segment.
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Geographic
Information
The
Company maintains operations in the United States,
United Kingdom, Australia, Germany,Norway, Denmark,
Sweden, France, Finland, Ireland, Switzerland, Spain
and other international territories. The Company
allocates revenue based on where the sale originated. Company earns nearly 82% of its revenue from US market in
FY2006.
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