Bookings in Amadeus' global distribution system increased 12.7 percent year over year 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 global air traffic recovery levels in the third quarter were at "a milder pace" compared with earlier quarters this year, and the mix of international air traffic among overall global air traffic. Air distribution revenue increased 16.4 percent year over year to €667.1 million during the quarter, boosted by a 3.3 percent year-over-year increase in revenue per booking.
For the first nine months of 2023, Amadeus reported 348 million total bookings, an increase of 15.7 percent year over year—about 78 percent of the 447 million air bookings reported in the first nine months of 2019. Air distribution revenue was up 25.9 percent to €2 billion during the period.
The Asia/Pacific region has had the sharpest growth for air distribution during the first nine months of the year, up 75.3 percent year over year. The next highest growth region was Western Europe, where are bookings were up 15.7 percent year over year, according to Amadeus.
Amadeus' total revenue increased 14.5 percent year over year to €1.4 billion during the third quarter, with air IT solutions revenue up 15.1 percent to €506.1 million and hospitality and other solutions revenue up 8 percent to €221.1 million. The company reported a profit of €301.2 million for the quarter, up 48.6 percent year over year.
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