- September 23, 2010 10 May 2019 Bolivia Brazil Chile Colombia Ecuador Mexico Panama United States Press release. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. 2020-03-05 Company-internal At the close of September, 209 customers had contracted either of the Amadeus Passenger Service Systems (Altéa or New Skies) and 199 customers had implemented either of them. In September, Stuttgart Airport (Germany) completed a successful migration to the Amadeus Airport Cloud Use Service (ACUS) platform, at more than 200 check-in counters and self-boarding gates, as well as the installation of 30 Amadeus self-servicecheck-in kiosks, for a smoother check-in experience. This website uses cookies to improve your experience while you navigate through the website. The agreement enables Amadeus to integrate ATPCO’s airline rich content within its vast array of flight shopping applications and interfaces. The project will initially be deployed across Europe. Since 1997, the firm has raised over $1bn for investment and used it to back over 160 companies. You also have the option to opt-out of these cookies. We also signed Long Beach International Airport (U.S.) for Amadeus Extended Airline System Environment and Common Use Self Service kiosks. This partnership will enable Sunway to streamline reservations and loyalty programs across its 11 independent properties in Malaysia, Cambodia, and Vietnam. Adjusting for the €500 million bond maturity payment on October 6, 2020, the resulting liquidity available amounted to circa €3.7 billion. Organic passenger boarded growth rates improved slightly across the quarter, declining by 75.0% compared to -93.9% in the second quarter. Ana will embark on the next stage of her career in 2021 outside of Amadeus, focusing on Board and Audit Committee positions as a non-executive director. Latest Press Releases and Speeches. Implementation costs incurred to achieve these cost reductions amounted to €75.8 million in the third quarter and in the first nine-month period. Amadeus’ solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. We continue to execute well on our cost efficiency program and as of September 30, we had, over €4billion available in liquidity, which should help us navigate this crisis and adapt our business to the present reality of the sector. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. A main advantage for travel sellers is that they can now view and compare all available airline flights and related services for any given trip on one single screen, whether they are sourced from EDIFACT, … We help connect over 1.6 billion people a year to local travel providers in over 190 countries. Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. Press release: The AOR supergroup, Champlin Williams Friestedt, is now releasing the first single from their upcoming album “II”. The partnership between Amadeus and AXA Partners will enable companies and business travelers using Amadeus cytric Travel & Expense to subscribe to and benefit from a high level of care, thanks to the medical and assistance solutions of AXA Partners. Our customer base for Amadeus merchandizing solutions for the travel agency channel continued to expand. We also continued to expand our content offer beyond air. Together, we conducted surveys and interviews with dozens of global industry experts and leveraged Amadeus’ internal expertise to compile specific, actionable ways to build and execute recovery plans across marketing, sales, revenue management, and operations. To find out more about Amadeus, visit www.amadeus.com. The model helps airlines adapt their revenue management systems to fluctuating air travel demand as it adjusts forecasts across all departure dates based on the latest live sales data. "Despite this challenging background, our commercial efforts have secured us valuable deals during the quarter, with new contracts or renewals of distribution agreements with airlines, upselling activity with carriers and airports, and new customers in Hospitality. Download the eBooks. Amadeus Consulting, a custom programming company, and Breast Health and Healing Foundation celebrate the release of the LobbyMe mobile application platform. Press Release. Also, as part of the new deal, Demand360 will be the exclusive provider of forward-looking data integrated into the Hilton Revenue Management System (GRO). Amadeus maintains solid growth supported by its diversification strategy and business resilience. Necessary cookies are absolutely essential for the website to function properly. Amadeus completes acquisition of ICM AIRPORT TECHNICS English English This content is only available in this language. to increase adoption across the organization's brand portfolio, which includes more than 5,000 hotels and 39 brands across 110 countries. Amadeus and Optym partner with LATAM Airlines Group to improve its network planning Corporate Communications. IATA released new estimates for the impacts of COVID-19 on air transport and economies in Europe in 2020, indicating a further deterioration. This category only includes cookies that ensures basic functionalities and security features of the website. February was an exciting month for us with the launch our newly designed websites in the Middle East and beyond, great news in the Indian sub-continent as SriLankan Airlines joined the Altéa community, and the fascinating industry debate that took place at the Amadeus Airline Schedules conference. As in the second quarter, we have adapted our commercial efforts to face this challenging situation with the COVID-19 pandemic. The airline, an Amadeus Flex Pricer customer, has signed for additional shopping solutions from Amadeus' Offer Suite, including Amadeus Massive and Instant Search and Amadeus Ticket Changer Reissue, Shopper and Refund. The Turkish flag carrier will be able to deliver personalized offers to travellers across all platforms and devices. Amadeus FiRe AG has expanded the company's Management Board by adding a COO Training & Education from two to three members. In the third quarter of 2020, Amadeus travel agency air bookings contracted by 89.8%, a minor recovery from the 113.2% air booking decline we saw in the second quarter. Communications Advisor. Cambridge, Monday 5 th October 2020 – Nu Quantum, the quantum photonics company, has raised £2.1 million in Seed funding in a round led by Amadeus Capital Partners. We combine a deep understanding of how people travel with the ability to design and deliver the most complex, trusted, critical systems our customers need. In the third quarter of 2020, Distribution revenue declined by 85.3% due to a decrease in Amadeus travel agency air bookings and higher than usual booking cancellations, and to a lesser extent a lower air booking revenue per booking. Till and Ana are working in partnership throughout the rest of this year for the transition. During the third quarter of 2020, we signed 24 new contracts or renewals of distribution agreements with airlines, amounting to a total of 56 in the first nine months of the year. Finally, the hotel chain will also encourage hotels in their portfolio to use Amadeus GDS Advertising services to attract high value GDS bookings and target travel agents in any of the main global distribution systems. Using this tool, agents will have access to content from more than 30 cruise lines, almost double that which was previously offered. Since October, and following our agreement with Southwest Airlines, the airline's complete offer for business travel is available through the Amadeus Travel Platform. Amadeus Capital Partners is a global technology investor. As for our Hospitality transactions, they continued to outperform air volumes. Corporate travel buyers, travel management companies and business travel decision-makers are now able to easily book and service reservations on the world's largest distribution system. News and views from the Amadeus team and the companies we back. If you continue to use our website then you agree to this. Altana AI secures $7 million in seed funding to de-risk global supply chains. ... Amadeus Capital Partners, Cambridge Enterprise, the commercialisation arm of the University of Cambridge and Partners Investment Company, as well as several angel investors. Summary of operating and financial information. Posts about Press Releases written by AmadeuS. Our purpose is to shape the future of travel. Schutte joins Amadeus from Hilton, responsible for online travel agencies in the Americas. We also expanded our strategic partnership with Accor hoteliers to include the use of Demand360. The funding round was led by Amadeus Capital Partners, a London-based venture capital firm with a long track [...], © Copyright 2020 Amadeus Capital Partners Ltd, Authorised and regulated by the Financial Conduct Authority. Based on our credit facility agreements' definition. We continue to execute well on our cost reduction measures. 12th December 2019. These cookies will be stored in your browser only with your consent. Amadeus today announces it has completed the acquisition of ICM Group Holding Limited, the ultimate head office of ICM Airport Technics (ICM), for an undisclosed sum. 04 Jun 2019 Press Release. Press release November 6, 2020 Notes to editors: Travel powers progress. As a consequence, our air travel agency bookings remained positive during the quarter, as gross bookings outweighed cancellations. The airport has also adopted Amadeus' technology for payments to help passengers easily pay for additional services like excess baggage allowance or seat upgrades, using contactless payment methods during the check-in process. Paragraf Increases Series A Round to £16.2m to Accelerate Product Delivery. This revenue decline was mainly driven by the low airline passenger boarded volumes, coupled with a contraction in revenue from our new businesses, albeit at a lesser rate than airline passenger boarded volume, partly due to subscription or license-based revenues (which are less impacted by the COVID-19 disruption) but also due to the positive effect from new customer implementations across our new businesses. Amadeus use cookies on this website. Alaska Airlines became the first airline in the world to implement Amadeus Revenue Management as a non-Altéa passenger service system carrier. Frankfurt/Main, 3 November 2020. Till Streichert, a former Vodafone executive and Boston Consulting Group consultant, who joined Amadeus with more than 20 years' experience across a range of high-profile global financial and strategic executive positions. The company is also part of the EuroStoxx50 and has been recognized by the Dow Jones Sustainability Index for the last eight years. 03 Jun 2020 Press release. Luis Maroto, President & CEO of Amadeus, commented: "Travel remained depressed in the third quarter due to the COVID-19 pandemic, although we saw a slight improvement in global air traffic across regions thanks to movement restrictions being lifted in parts of the world. Americas. 9th January 2020. Travel powers progress. At the close of September, 111 airlines had signed up for Amadeus Fare Families, and 168 airlines had contracted Amadeus Ancillary Services. These improvements were seen across regions. These cookies do not store any personal information. “If they wish, international departing passengers from Fort Lauderdale can now choose a completely automated and technology-enabled experience during boarding, without the need to interact with an agent.” said Mark Gale, CEO/Director of Aviation, … The airline also signed up for the Amadeus Payments Platform and Amadeus Metaconnect solutions. These customer implementations, pre-COVID-19, would have added approximately 114 million passengers boarded annually. Excluding the impact from the higher than usual booking cancellations, as well as related movements in the cancellation provision, the underlying Distribution revenue declined by 75.0% in the third quarter, and by 59.9% in the first nine months of 2020, when compared to 2019. Contractions continued across regions, with Central, Eastern and Southern Europe and North America as the best performing regions, both supported by improvements in domestic traffic growth rates. ... Q3 2020 Results Press Release OLDER REPORTS Investor Kit 2019 Interactive global report. Amadeus powers travel. In October, we announced the renewal and expansion of our business intelligence partnership with Hilton. Also, Azores Airlines contracted Altéa NDC, our IATA-certified Level 4 solution that allows the airline to distribute advanced merchandizing offers. Following this, Amadeus cancelled the outstanding €500 million of its undrawn bridge to bond loan executed on March 25, 2020. Press releases matching the topic of amadeus - PresseBox. Press Releases MADRID – 05 October 2018 – Amadeus today announces that it has completed the USD $1.52bn acquisition of TravelClick from Thoma Bravo. All topics Airlines Airports ... Amadeus Affiliates and Third Party Service Providers. The agreement establishes that Air France-KLM NDC offers will be made available for travel agents through the Amadeus Travel Platform. It is mandatory to procure user consent prior to running these cookies on your website. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. This traffic improvement was driven by domestic air travel. Amadeus announces today that Selling Platform Connect, its cloud-based booking platform, now allows travel sellers to shop, order, pay and service airline travel offers via an NDC connectivity. The hotel chain will continue to recommend Amadeus Demand360, Rate360 and Agency360 to its properties. Media contact: Emma Thorpe. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. We are one company, with a global mindset and a local presence wherever our customers need us. Additionally, Alaska Airlines is among the first airlines in the world to benefit from a new revenue forecast model created by Amadeus - Active Forecast Adjustment (AFA). Press release July 31, 2020 H1 2020 financial results Amadeus’ financial performance in first half severely impacted by COVID-19 travel shutdown First half of the year highlights (six months ended June 30, 2020) – Revenue contracted by 54.7%, to €1,281.2 million – EBITDA decreased by 83.6%, to €194.1 million During the third quarter, one airline signed Amadeus Fare Families and four airlines implemented it, while three airlines contracted Amadeus Ancillary Services for the indirect channel and four airlines implemented it. Ori Biotech announces a $9.4M seed round to advance innovation in Cell and Gene Therapy manufacturing. Amadeus powers travel. Adjusted to exclude implementation costs which refer to costs associated with implementing the cost saving programs announced in the second quarter of 2020. Subscribe now. As of September 30, liquidity available to Amadeus amounted to circa €4.2 billion, represented by cash (€2,952.4 million), an undrawn revolving facility (€1,000 million), and an undrawn covenant-free EIB loan (€200m). Adjusted to exclude cancellation and bad debt effects associated with the. Senior VP-Technology Platforms & Engineering. EPS corresponding to the Adjusted profit attributable to the parent company. As for the commercial activity in this segment, we continued making progress and signing up new customers, as well as reinforcing our relationships with existing ones. Press releases from Amadeus Capital Partners are shared and archived here. Distributed by Public, unedited and unaltered, on 09 November 2020 08:21:06 UTC, Revenue contracted by 59.8%, to €1,699.8 million, In Distribution, our travel agency bookings fell by 82.1%, to 80.1 million, In IT Solutions, our passengers boarded contracted by 63.0%, to 553.2 million. The press release is provided for informational purposes only. At Amadeus, we aim to provide detailed and reliable information to help the financial community understand our business and evaluate Amadeus as an investment opportunity, both in the equity and credit markets. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 3 September 2020 Hotel News Travel Technology News Accor will recommend Demand360 for use in its properties and work with Amadeus to increase adoption across the … The distribution scope includes travel seller and traveler applications powered by Amadeus, as well as its flight shopping APIs, which are used by many … On the other hand, our volumes were also impacted by airline customers ceasing or suspending operations in 2019, such as Germania and bmi Regional, Avianca Brasil, Avianca Argentina, and Thomas Cook UK, Aigle Azur, Adria Airways and XL Airways France, and in 2020, such as Flybe and Tiger Airways Australia. This global solution is available now in the United States and Canada, and it will be then rolled out to other markets. Amadeus' løsninger hjælper rejsende med at finde og planlægge deres rejser gennem rejsebureauer, søgemaskiner, charterrejsebureauer, flyselskaber, lufthavne, hoteller, udlejningsbiler og tog. Latest Press Release: 24th November 2020. This article is available in several languages. Amadeus is an IBEX 35 company, listed on the Spanish Stock Exchange under AMS.MC. Press release - AMA Research & Media LLP - Hotel Management Tools Market to See Huge Growth by 2025 | Honeywell, Amadeus IT Group, Johnson Controls - published on openPR.com As the biggest processor of worldwide travel bookings, Amadeus manages a huge daily workload and has … About Amadeus. Travel powers progress. This slightly better performance was supported by better gross travel agency air booking growth rates, and a softening in the ratio of cancellations over gross bookings. Eurobond maturing in September 2028. Further to the previous measures announced, in September we strengthened our liquidity and extended our debt maturities through a €750 million. Amadeus Revenue Management will allow Alaska Airlines to optimize business processes and better understand customer behavior, improving revenue performance. They help us to know a little bit about you and how you use our website, which improves the browsing experience and marketing - both for you and for others. Amadeus IT Group, S.A. warrants that the communications related to “Privileged Information” as well as the communications related to “Other Relevant Information” shown below as per Article 226 and 227, respectively, of the Consolidated Text of the Securities Market Law, are exactly the same as the ones sent to the CNMV and/or the corresponding regulatory body. With this new agreement, Accor will recommend Demand360 for use in its properties and work with Amadeus. Amadeus' solutions connect travelers to the journeys they want through travel agents, search engines, tour operators, airlines, airports, hotels, cars and railways. The acquisition marks an important step in the Hospitality sector for Amadeus, which has a portfolio of innovative solutions serving hotels and chains of all sizes worldwide. In October, we extended our partnership with Deutsche Bahn to enable travelers to book their journeys across multiple countries and operators including offers from different distribution systems and inventories directly at the train station. In the first nine months of 2020, Amadeus passengers boarded contracted by 63.0%. Digital shopping experience and Kindred Capital better journeys airline system Environment and Common use Self Service.... Million in the second quarter that allows the airline also signed up for Amadeus Extended system... Slightly across the quarter, we launched the Amadeus payments Platform and Amadeus Metaconnect solutions the. 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