Amadeus total revenue grew by 17.6 percent in 2005

Amadeus has shared that its total revenue grew by 17.6 percent to EUR 2,418.3m, with an increasing proportion coming from IT services as the company shared its financial results for the full year ending December, 2005.

The company stated that total bookings grew by 4.2 percent to 473.3m. Online bookings, from all providers, grew by 34.1 percent and now represent 12 percent of the total.

“Amadeus retains its leadership position in travel agency air reservations with 29.24 percent of the worldwide market share at the end of the year, up 0.44 percentage points year-on-year,” as per an official release.

“In 2005 we extended our core business and achieved key milestones in our diversification strategy,” said José Antonio Tazón, president and chief executive officer, Amadeus.

“In our distribution business, we secured the low-fare content of the world’s most important airlines, including fifty-seven airlines which signed up to our Full Content Option. The programme gives travel agents access to their low fares, full schedules and last-seat availability. Similarly, travel agents can now book 61,000 hotels in the Amadeus distribution system, which is 4,000 more than a year ago,” said Tazon.

“All this was achieved while we were the subject of the third-largest leveraged buy-out in European history. 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.”

Among highlights, the company shared that it added a total of 4,300 hotels to its system during 2005: increasing the number of independent hotels in the distribution system was a focal point of the campaign. In March, Amadeus was the first GDS to sign a global agreement with Holiday Autos for leisure car rental. The agreement makes the company’s 750,000 bookable cars at 4,000 worldwide locations available in Amadeus Cars at the Complete Access Plus level of connectivity.