Amadeus Revenue Exceeds 1.3 bil
AUGUST 11, 2006. Amadeus is reporting its financial results for six months ending on 30 June 2006. Total bookings grew by 5.5% to 263.9m. Online bookings, from all providers, grew by 22.7% and now represent 13.9% of the total. Amadeus retains its leadership position in travel agency air reservations with 30.5% of the worldwide market share, up 1.3 percentage points year-on-year. Total revenues grew by 12.7% to EUR 1,381.6m.
Asia Pacific continues to demonstrate strong growth in travel agency bookings, online and e-ticketing. Travel agency bookings in the region grew by eight percent to over 25 million. Asia Pacific also saw a significant uptake in e-ticketing with nearly four million e-tickets issued in the first six months of 2006, up nearly 30%. Online bookings processed by Amadeus in the region grew by 56% to nearly 700,000.
Jose Antonio Taz'on, President and CEO, Amadeus, comments: "Amadeus' strong financial performance is testament to our investment in technology for the travel industry. We are proud to manage one of the largest and most advanced civil data centres in the world, which we believe is a key differentiator in our evolving industry and we will continue to invest EUR300 million each year in our technological infrastructure and development."
"We continue to drive the transition of our GDS system architecture to open systems based on Unix and Linux, which will deliver two fundamental benefits to our customers. It will keep costs under control as transaction volumes increase exponentially: each day, our datacentre already processes 310 million customer queries. Second, open technology is already allowing us to bring new services and solutions to the market more quickly. As the outsourcing partner for some of the biggest names in travel our time-to-market is their time-to-market."
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