In 2015, eNett generated revenue of $92m, an increase of 36% on 2014. eNett is already generating profits and we believe the model is highly scalable as we expand beyond the core hospitality sector into air travel, including LCCs, as well as other sectors of the travel industry.
The immediate focus of eNett is to increase penetration in the OTA space. Furthermore, eNett is looking to significantly speed up payments in scheduled air ticket payables and see a major opportunity in the LCC market (see adjacent case study). Our estimates suggest that these markets, combined, represent around half of our total addressable market.
eNett is also constantly increasing the range of currencies that it can manage its solutions around, and continues to build scale in people, systems and processes.