Amadeus planning US$27mn investment in local operations

Tuesday, November 15, 2011

Spanish travel and tourism platform supplier Amadeus Group expects to invest 20mn euros (US$27.1mn) next year in Brazilian operations, its fastest growing market in the world, newspaper Valor Econômico reported.

The planned capex is part of the 400mn euros Amadeus expects to invest next year.

Some 70% of overall 2010 billing came from the tourism sector, with the rest from other areas such as retail and the financial system. The idea is to have an even balance - 50% from tourism and 50% from other areas - by 2016.

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Amadeus' reservation system operates in 800 airlines, 36,800 car rental agencies, 90,700 hotels and 90,800 tourism agencies.

Amadeus IT Holding - the parent of Amadeus Group - saw a 13.4% year-on-year boost in its Q2 bottom line, to 126mn euros. Revenues from continued operations increased 5% to 685mn euros.