Schedule of disaggregation of revenue |
The following table presents revenues by segment, underlying travel product and sales channel for the fiscal years ended December 31, 2023 and 2022 (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2023 | | 2022 | Travel Marketplace revenues | | $ | 222,075 | | | | $ | 157,473 | | | Travel Transaction revenues | | 208,842 | | | | 145,154 | | | Air | | $ | 125,982 | | | | $ | 144,459 | | | Travel Package | | 46,434 | | | | 57 | | | Hotel | | 26,805 | | | | 222 | | | Other | | 9,621 | | | | 416 | | | Fintech Program revenues | | 13,233 | | | | 12,319 | | | | | | | | | | SaaS Platform revenues | | $ | 1,250 | | | | $ | 2,011 | | | Subscription services revenue | | 1,250 | | | | 2,011 | | | | | | | | | | Revenues, net | | $ | 223,325 | | | | $ | 159,484 | | |
The following table presents the Travel Marketplace segment by sales channel for the fiscal years ended December 31, 2023 and 2022 (in thousands): | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | | 2023 | | 2022 | Transaction through affiliates and with customers | | $ | 213,892 | | | | $ | 123,746 | | | Transactions from travelers’ direct bookings | | 8,183 | | | | 33,727 | | | Travel Marketplace revenues | | $ | 222,075 | | | | $ | 157,473 | | |
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Opening and closing balances of accounts receivable and deferred revenue |
The opening and closing balances of accounts receivable, contract assets and deferred revenue are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Accounts Receivable | | Contract Asset | | Deferred Revenue | Ending Balance as of December 31, 2021 | $ | 10,178 | | | $ | 3,935 | | | $ | 20,738 | | Increase/(decrease), net | 11,555 | | | 1,859 | | | (254) | | Ending Balance as of December 31, 2022 | 21,733 | | | 5,794 | | | 20,484 | | Increase/(decrease), net | 93,796 | | | 7,434 | | | (3,001) | | Ending Balance as of December 31, 2023 | $ | 115,529 | | | $ | 13,228 | | | $ | 17,483 | |
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