Bookings in the Amadeus GDS increased 12.7%, 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 air traffic recovery in the third quarter was at "a milder pace" compared with earlier quarters this year. Air distribution revenue increased 16.4 %, to 667.1 million euros, boosted by a 3.3% increase in revenue per booking.
For the first nine months of 2023, Amadeus reported 348 million total bookings, an increase of 15.7% year over year and 78% of the 447 million air bookings reported in the first nine months of 2019.
The Asia-Pacific region has had the sharpest growth for air distribution during the first nine months of the year, up 75.3% year over year. The next highest growth region was Western Europe, where are bookings were up 15.7%.
Amadeus' total revenue increased 14.5%, to 1.4 billion euros. The company reported a profit of 301.2 million euros, a 48.6% increase.
Source: Business Travel News