Madrid-based GDS Amadeus has released the full year 2000 results, with a rise in revenue of 15.3% and a 6% increase in booking volume.
Commenting on the results, Amadeus President and CEO Jose Antonio Tazon said:
“In 2000, Amadeus achieved a rate of revenue and income growth that was well ahead of the sector. In Asia-Pacific, where we are on track to be the market leader within the next 12 months, our bookings grew by 24 per cent.
“In the US, our business has been strengthened significantly by the acquisition of Vacation.com. This provides Amadeus with a new revenue stream, and a range of real opportunities to develop a strong position in the leisure travel agency sector. In the fast growing Internet travel market, jointly with Terra Lycos, we acquired control of OneTravel.com, a top ten US online travel Web site.
“Amadeus has established a significant new business in airline IT services, as an application service provider to operate and further develop reservations, inventory and departure control systems. Implementation plans with British Airways and Qantas, our launch customers, are progressing well, and further customers are anticipated in due course.
“Amadeus is well positioned to make further strong progress in 2001, and we expect to achieve revenue growth for the first quarter and full year 2001 in excess of 16 per cent.”