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Hotel Industry News |
Saturday November 22nd, 2008 |
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inter-touch Reports Financial Milestone |
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SINGAPORE, December 4, 2003 – inter-touch, the leading provider of high-speed Internet access for business travellers in Asia Pacific and Europe, reports a positive EBITDA, for its first quarter to September 2003 and an EBIT positive result for October 2003. |
“It is a significant milestone for inter-touch to report an EBITDA and EBIT positive result for the Quarter. This strong operating performance is the result of inter-touch’s focus on disciplined investments and sensible control of operating costs. The Company’s strong growth in revenue is set to continue with the sharp increase in demand from the business traveller and from hotels wanting to install high speed Internet access for their guests. inter-touch enhances the travellers experience through offering a robust high speed Internet access product and excellent customer support. The Company currently has 45,000 installed rooms spanning twenty-two countries across Asia Pacific and Europe. inter-touch is well positioned to take advantage of the strong end-user and hotel demand," said Mr Andrew Gibson, Chief Financial Officer of inter-touch. "Solid improvements in our revenue performance will continue with the addition of major hotel portfolios including Hyatt International and Le Meridien Hotels and Resorts Worldwide.”
Mr Gibson adds, “The Company is in the process of further strengthening the executive team, and continues to evaluate and implement changes to its operating structure to ensure inter-touch maintains its position as the industry’s leading provider of high-speed Internet access for business travellers.”
“inter-touch is one of the few businesses in the industry to survive the Internet implosion and the first to become profitable. Our success was propelled by high traveller demand and expanded growth in Asia and Europe with new markets emerging in the Middle East. inter-touch is confident that its service-oriented approach will continue to bring inter-touch strong growth and profitability. inter-touch will continue to realize optimal user and partner satisfaction through our multi-lingual, 24/7 customer support service,” concludes Mr Gibson.
About inter-touch
inter-touch is the leading provider of high-speed Internet access for business travellers in Asia Pacific and Europe. inter-touch currently provides wired and wireless (using WiFi) high-speed Internet access in more than 150 major hotels in 22 countries throughout Asia Pacific, South Pacific, the United Kingdom, Europe and the Middle East. inter-touch’s service includes wired Ethernet connectivity in hotel guestrooms and meeting rooms and wireless connectivity in meeting rooms and hotel public areas. inter-touch is privately owned and headquartered in Singapore with offices throughout Asia Pacific and Europe. For a listing of inter-touch hotels or to learn more, please visit www.inter-touch.com
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inter-touch is a leading global provider of high speed internet access to business travellers in hotels and airline lounges. |
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