Q4 Operating Leverage Commitment
Management reaffirmed expectation of significant operating leverage in Q4 as seasonal top-line growth significantly outpaces SGA expansion, leading to meaningful bottom-line flow-through on organic business.
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TBO Tek · forward-looking guidance across the available source record.
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Air Business Double-Digit Growth in Q4
Air segment momentum is expected to continue into Q4 with at least double-digit GTV growth, maintaining the 16% organic growth trajectory achieved in Q3.
North America Double-Digit Growth (3-4 Years)
Over the next 3-4 years, North America business (combined TBO organic + CV) is expected to grow at high double digits from a base of over $600M, leveraging CV's 10,000 luxury travel advisors and consortial relationships.
CV Buying from TBO to Start in Weeks
Cross-sell from CV buying TBO inventory will commence within weeks (TBO selling to CV has already started). TBO buying from CV requires more technical integration work and will follow shortly.