Travelfusion

Travelfusion

Low cost gds and the pioneer of ‘direct connect’ content aggregation.

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DateInvestorsAmountRound
*

$160m

Valuation: $160m

9.0x EV/Revenue

10.8x EV/EBITDA

Acquisition
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD2016201720182019202020212022
Revenues0000000000000000000000000000
% growth49 %60 %34 %16 %(64 %)53 %154 %
EBITDA0000000000000000000000000000
% EBITDA margin55 %74 %79 %79 %94 %43 %77 %
Profit0000000000000000000000000000
% profit margin43 %43 %60 %54 %72 %36 %64 %
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue83 %104 %96 %100 %---

Source: Company filings or news article

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More about Travelfusion
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Travelfusion operates as a significant B2B travel technology provider, positioning itself as a leading aggregator of Low-Cost Carrier (LCC) and ancillary content. Founded in 1999 by Moshe Rafiah, the company carved a niche for itself by developing a proprietary technology that directly connects to hundreds of travel suppliers' websites. This allows it to aggregate, normalize, and distribute travel inventory through a single, unified API. The company's headquarters are located in London, United Kingdom, with additional offices in Shanghai, China. In a notable milestone, Travelfusion was acquired by the global travel technology company Sabre Corporation in April 2015, although it continues to operate as a standalone, fully-owned brand within the Sabre group.

The core of Travelfusion's business model is providing its clients, which primarily consist of online travel agencies (OTAs), travel management companies (TMCs), and other travel technology platforms, with access to a vast repository of travel options that are often difficult to source through traditional Global Distribution Systems (GDS). Its platform, the Direct Connect XML API, grants access to content from over 300 LCCs and full-service carriers, as well as rail operators and hotel providers. This service enables clients to offer their own customers a more comprehensive range of flight and travel choices. Revenue is generated through transaction fees, charging clients for each booking or search made through its system. The company's technology not only provides fare and availability information but also supports the entire booking lifecycle, including payment processing and the management of post-booking services like changes and cancellations, which adds a layer of operational efficiency for its partners.

The founder, Moshe Rafiah, brought a background in both law and finance to the travel industry, having previously worked as a lawyer and an investment banker. His journey into travel technology began with the aim of solving the fragmentation and accessibility issues surrounding the burgeoning low-cost carrier market at the turn of the millennium. This vision directly shaped Travelfusion's product, creating a technological bridge between suppliers and distributors. Since the Sabre acquisition, Rafiah has continued to lead the company, maintaining its focus on direct-connect distribution.

Keywords: travel technology, B2B, content aggregation, low-cost carriers, direct connect, API, travel distribution, ancillary services, online travel agencies, booking engine

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