Bookings in Amadeus' global distribution system increased 12.7
per cent year over year to 112.5 million in the third quarter, a period
that saw "progressive strengthening of the travel industry," according
to Amadeus president and CEO Luis Maroto.
Amadeus noted that
global air traffic recovery levels in the third quarter were at "a
milder pace" compared with earlier quarters this year, and the mix of
international air traffic among overall global air traffic.
Air
distribution revenue increased 16.4 per cent year over year to €667.1
million during the quarter, boosted by a 3.3 percent year-over-year
increase in revenue per booking.
For the first nine months of
2023, Amadeus reported 348 million total bookings, an increase of 15.7
per cent year over year — about 78 per cent of the 447 million air bookings
reported in the first nine months of 2019.
Air distribution revenue was
up 25.9 per cent to €2 billion during the period.
The Asia/Pacific
region has had the sharpest growth for air distribution during the first
nine months of the year, up 75.3 per cent year over year.
The next
highest growth region was Western Europe, where bookings were up
15.7 per cent year over year, according to Amadeus.
Amadeus' total
revenue increased 14.5 per cent year over year to €1.4 billion during the
third quarter, with air IT solutions revenue up 15.1 per cent to €506.1
million and hospitality and other solutions revenue up 8 per cent to
€221.1 million.
The company reported a profit of €301.2 million for the
quarter, up 48.6 per cent year over year.