Amadeus's global distribution system bookings increased 9 percent year over year to 111.4 million in the fourth quarter, the company reported, contributing to what CEO Luis Maroto called "remarkable" revenue growth for the quarter.
Alongside the volume growth, revenue per booking increased 9 percent year over year in the fourth quarter, and total air distribution revenue grew 14 percent to €715.3 million, the company reported. The comparison was skewed by a "cancellation spike" in the fourth quarter of 2023, and excluding that, year-over-year growth in bookings was about 7 percent, Amadeus Travel president Decius Valmorbida said.
The percentage of New Distribution Capability bookings in proportion to total bookings is "going to be in the teens for quite a while," Valmorbida said, noting that Amadeus has implemented 31 of the 70 NDC agreements it has with airlines. Completing that adoption will take a couple of years, he said.
"The vast majority of our travel agencies have now 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 full-year 2024, Amadeus reported total bookings increased 4.7 percent year over year to 471.2 million, and air distribution revenue increased 10.9 percent year over year to €2.9 billion.
Amadeus' total revenue in the fourth quarter was up 13.8 percent year over year to €1.5 billion. Air IT solutions revenue increased 14.9 percent year over year in the quarter to €568.8 million, and hospitality and other solutions revenue increased 10.8 percent year over year to €257.3 million.
Amadeus reported a fourth-quarter profit of €266.5 million, up from its €210.1 million profit in the fourth quarter of 2023. For the full year of 2024, Amadeus' profit was €1.26 billion, up from €1.05 billion in 2023.
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