Amadeus’s bookings increased by 9 per cent year-on-year to 111.4 million in the fourth quarter of 2024, with a “gradual” rise in the proportion of NDC-based transactions.
Luis Maroto, CEO of the Madrid-based tech firm, said Amadeus had enjoyed “remarkable” revenue growth in Q4, with revenue per booking also increasing by 9 per cent, while total air distribution revenue grew by 14 per cent to €715.3 million.
Amadeus Travel’s president Decius Valmorbida said its results had been skewed by a “cancellation spike” experienced in Q4 of 2023, and excluding that, the year-on-year growth in bookings was about 7 per cent.
The percentage of NDC bookings in proportion to total bookings is “going to be in the teens for quite a while,” added Valmorbida. He noted that Amadeus has so far implemented 31 of its 70 NDC agreements with airlines and completing these adoption processes would take another couple of years.
“The vast majority of our travel agencies now have access and can service NDC content available through our platform,” he said. “Adoption is growing in all regions and across all types of travel sellers, including the corporate world.”
For the whole of 2024, Amadeus said that total bookings increased by 4.7 per cent year-on-year to 471.2 million, and air distribution revenue increased 10.9 per cent to €2.9 billion.
Amadeus’ total revenue in the fourth quarter was up by 13.8 per cent year-on-year to €1.5 billion. Air IT solutions revenue increased by 14.9 per cent in the quarter to €568.8 million, and hospitality and other solutions revenue rose by 10.8 per cent to €257.3 million over the same period.
The company reported a fourth-quarter profit of €266.5 million, up from its €210.1 million profit in Q4 of 2023. For the full year, Amadeus’ profit was €1.26 billion in 2024, up from €1.05 billion in the previous year.
“Looking ahead, Amadeus is poised for growth in 2025 and beyond,” added Maroto. “The advances on our NDC strategy and the signature of Air France-KLM for Amadeus Nevio show our continued commitment to transforming the travel industry.”
Source: Business Travel News Europe
