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Spanish travel tech firm HBX posts 12% higher transaction value for Q3

Spanish travel tech firm HBX posts 12% higher transaction value for Q3

By Gemma Guasch

- Spanish travel technology firm HBX Group HBX.MC reported a 12% jump in its third-quarter transaction value on Wednesday, citing a gradual recovery in previously disrupted travel corridors.

The company posted a total transaction value of €2.4 billion ($2.7 billion) for the third quarter of its accounting year, compared with €2.2 billion a year ago.

HBX had trimmed its full-year guidance in May, warning the conflict in the Middle East was impacting travel routes and prompting travellers to reconsider their bookings in the region.

($1 = 0.8772 euros)


(Reporting by Gemma Guasch; Editing by Milla Nissi-Prussak)

((gemma.guasch@thomsonreuters.com))

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