Amadeus reported air distribution bookings in 2023 increased 13.6% over the previous year to $450.2 million. The GDS said it continued to see a “steady evolution” through the fourth quarter, resulting in strong financial performance for 2023. Across the full year, revenue, EBITDA (earnings before interest, taxes, depreciation and amortization) and adjusted profit grew by 21.3%, 29.8% and 59.8%, respectively.

The company’s best performing region last year was Asia-Pacific, where bookings expanded by 63.7%, followed by Western Europe, which grew by 13.3%. Over the year, Western Europe and North America were the largest regions in terms of bookings, representing 28.2% and 27% of Amadeus’ bookings, respectively.

Amadeus said its wholly owned payments subsidiary, Outpayce, expects that the e-money license it applied for in 2022 will be granted in the first half of 2024. Outpayce intends to offer prepaid virtual card issuing within its B2B Wallet solution, which travel agencies use to pay travel providers such as airlines and hotels.

Luis Maroto, CEO, said the company believes it can make a positive impact through technology at more touchpoints along the traveler journey, which means expanding its addressable markets and customer base. This is evidenced, he said, in the recent announcement that Amadeus is acquiring a provider of biometric solutions for airports, airlines and border control customers, in addition to the upcoming implementation of a new midsize Amadeus Central Reservation System (ACRS) customer.

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