Skift Take
Recovery is taking a bit longer than some expected, but it’s getting there — slowly.
Despite a strong first quarter for Amadeus, analysts question whether post-pandemic recovery is taking longer than expected.
Amadeus had significant increases in all sectors of its business, as it highlighted during an earnings call on Tuesday.
The Spain-based company primarily operates the world’s largest global distribution system, which provides information that travel agents and others use to provide booking services to customers. Amadeus also offers software for travel agents, hotels, airlines, and other travel companies.
Air distribution revenue had the biggest growth last quarter, up 52.2 percent to €678.9 million ($743.8 million). Air tech services revenue was at €424.9 million ($465.5 million), up 35.7 percent, and revenue for the hospitality and other solutions sector was at €207.5 million ($227.3 milion), up 31.3 percent.