United Kingdom
United States
Asia Pacific
Amadeus maintains 2002 bookings target
Amadeus has said it is still hoping to reach its goal of increasing bookings by 1.2% for the year.
It follows the publication of the GDS firm’s second quarter results on Thursday (Aug 1), which showed that total travel bookings increased by 0.5% for the three months to June 30. Falls in North America and Europe were offset by big gains in Asia Pacific and Eastern Europe of 19.7% and 9.5% respectively. According to Amadeus this compares to an overall decline in GDS air bookings of 6.1%.
The company also reported a 127.1% jump in its revenues from corporate and online travel to EUR21.8 million, with online bookings for the quarter up 137.5% on the same period in 2001.
Chief executive and president José Antonio Tazón said: “Against a challenging industry background, Amadeus has been able to increase net income, excluding special items, by 9.2% in the second quarter through bookings growth, careful cost control and continued diversification of revenue.
“Amadeus is maintaining its target of 1.2 per cent bookings growth for 2002. Target EBITDA for the year is unchanged at EUR 458million. We remain confident of continuing to outperform the industry in bookings growth for the full year.”
Related News Stories:
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled