Schedule of Disaggregation of Revenue |
| | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands) | 2024 | | 2023 | | 2024 | | 2023 | | Travel Marketplace revenues | $ | 58,003 | | | $ | 56,652 | | | $ | 115,760 | | | $ | 106,201 | | | Travel Transaction revenues | 55,675 | | | 52,875 | | | 110,119 | | | 98,957 | | | Air | 30,645 | | | 32,887 | | | 59,057 | | | 69,647 | | | Travel Package | 16,573 | | | 11,228 | | | 32,539 | | | 17,820 | | | Hotel | 6,158 | | | 6,564 | | | 13,649 | | | 8,368 | | | Other | 2,299 | | | 2,196 | | | 4,874 | | | 3,122 | | | Fintech Program revenues | 2,328 | | | 3,777 | | | 5,641 | | | 7,244 | | | | | | | | | | | | SaaS Platform revenues | 323 | | | 119 | | | 587 | | | 499 | | | Subscription services revenue | 323 | | | 119 | | | 587 | | | 499 | | | Revenues, net | $ | 58,326 | | | $ | 56,771 | | | $ | 116,347 | | | $ | 106,700 | | |
The following table presents the Travel Marketplace segment by sales channel for the for the three and six months ended June 30, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in thousands) | 2024 | | 2023 | | 2024 | | 2023 | Transactions through affiliates and with customers | $ | 58,003 | | | $ | 53,806 | | | $ | 115,663 | | | $ | 98,360 | | Transactions from travelers’ direct bookings | — | | | 2,846 | | | 97 | | | 7,841 | | Travel Marketplace revenues | $ | 58,003 | | | $ | 56,652 | | | $ | 115,760 | | | $ | 106,201 | |
|
Schedule of Contract Balances |
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, 2023 | $ | 116,632 | | | $ | 13,228 | | | $ | 17,483 | | Increase/(decrease), net | (22,285) | | | 6,476 | | | (1,780) | | Ending Balance as of June 30, 2024 | $ | 94,347 | | | $ | 19,704 | | | $ | 15,703 | |
|