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Amadeus revenues up 17.6% in 2005
Amadeus saw revenues rise by 17.6% to 2,418.3 million euros last year over 2004.
No pre-tax profit level was provided but the GDS said an increasing proportion of total revenues came from IT services.
Total bookings grew by 4.2% to 473.3 million, with online bookings up by more than 34% to represent 12% of the total.
Amadeus claimed a market leading 29.24% worldwide market share of travel agency airline bookings in 2005.
The company revealed that subsidiary Opodo doubled gross sales to 1 billion euros and its expects to reach gross sales of 2 billion euros by the end of 2007.
President and CEO Jose Antonio Tazon said: “Now that Amadeus is a private company, we are not obliged to publish financial results but in the interests of transparency we will issue periodic updates of revenue, bookings and market share.”
The company was subject of what it described as the third largest buy-out in European history last year.
Tazon said that more than 99% of travel agencies connect to the Amadeus system using internet protocol and over 200,000 agency points of sale have been migrated to the GDS’s browser-based selling platform. The number of hotels available to book has risen by 4,000 to 61,000 while 57 airlines signed up for the GDS’s full content option.
E-ticketing was enabled for 109 airlines last year, allowing agents in 114 markets to issue e-tickets – claimed to be 14 airlines and 54 markets more than Amadeus’s closest rival.
“In 2005 we extended our core business and achieved key milestones in our diversifications strategy,” said Tazon.
Report by Phil Davies
Phil Davies
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