Amadeus reports large jump in North America bookings

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Travel agency bookings through the Amadeus GDS increased 2% in the first quarter, fueled by a significant increase of 15% in North America, making that region Amadeus' second biggest.

Western Europe remains the largest territory for Amadeus with 57.5 million air bookings in Q1 (up 2%), with Asia-Pacific the third biggest.

There was a 13% decline in Asia-Pacific bookings following the suspension of Jet Airways in India and, according to Amadeus' earnings statement, elections in the same country.

Amadeus secured revenue of over 1.4 billion euros in the first quarter, an increase of 15% over the same period in 2018.

The Spain-based travel technology provider also scored an 11% rise in EBITDA (earnings before interest, taxes, depreciation and amortization) to 600 million euros.

Its IT solutions division contributed the biggest chunk of growth to the overall business in the first three months of 2019, with a 31% jump in revenue to 570 million euros.

Income from distribution activities climbed by a more modest 6% to 840 million euros during the quarter.

Travel agency bookings for air products still make up the vast majority of the company's overall passenger metrics at 162.6 million during the reporting period. Non-air bookings came in at 17.2 million.

The company says travel agency air bookings are continuing to slow on an industry-wide scale (0% growth compared to 1% in the final three months of 2018).

Amadeus also cites the acquisition of TravelClick in August 2018 as providing a boost to its new business segments, such as hospitality IT.

Source: PhocusWire

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