Amadeus air bookings shift to ‘normal’ growth levels in Q1
Air bookings through Amadeus’ global distribution system in the first quarter increased 2.8 per cent year over year, which the company said showed a “normalization in our booking growth evolution.”
In what Amadeus president and CEO Luis Maroto called a “solid start to 2024”, first-quarter air distribution revenue for the Madrid-based travel tech giant increased 12.6 per cent year over year to €764.4 million.
On top of the increase in bookings, revenue per booking increased 9.5 per cent year over year, which Amadeus attributed to a lower mix of local bookings and such pricing effects as inflation and adjustments from…