Amadeus' revenue grew 3.1% from January to March compared to the first quarter of 2017, reaching €1,230 million, while EBITDA increased 7.4% to €539 million.
Travelport reported a 6% increase in net income to USD 59 million for the first quarter of 2018. Travel Commerce Platform revenue increased 5% to $653 million.
Travel Network revenue rose 8.7%, with bookings growth of 5.7%; Airline Solutions revenue grew 6.7% and Hospitality Solutions revenue grew 5.8%.
In 2017, total revenue amounted to approximately RMB6,734.2 million, an increase of 8.2%; profit attributable to equity holders was approximately RMB2,248.7 million, a decrease of 7.1%.
Amadeus achieved 8.5% growth in revenue to €4,852.7 million and total travel agency air bookings grew 6.3% to 568.4 million.
Travelport reported net revenue increased 4% to $2,447 million, including Travel Commerce Platform revenue growth of 5% to $2,341 million.
Airline and Hospitality Solutions revenue increased 1.2% to $269.7 million. Travel Network global bookings increased 3.7%, driven by 12.5% growth in Asia-Pacific.
Amadeus have reviewed over 1,300 startups but only invested in nine. How does it choose strategies?
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