Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
Amadeus IT Holding, S.A. and Subsidiaries - Investor relations at ...
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AMADEUS <strong>IT</strong> HOLDING, S.A. AND SUBSIDIARIES<br />
DIRECTORS’ REPORT FOR THE YEAR ENDED DECEMBER 31, 2011<br />
their home markets: travel agencies in the Netherl<strong>and</strong>s can now use the system to<br />
process KLM Economy Comfort Se<strong>at</strong>s <strong>and</strong> Iberia became the first airline in Spain to offer<br />
its travel agency customers the service. Research published by <strong>Amadeus</strong> estim<strong>at</strong>es th<strong>at</strong><br />
ancillary revenues for airlines will be around $32.5bn in 2011 globally, representing an<br />
increase of 43.8% vs. 2010.<br />
Other travel providers<br />
Hotel<br />
� During the year, <strong>Amadeus</strong> significantly signed a number of important deals in the hotel<br />
distribution arena <strong>and</strong> launched a series of key initi<strong>at</strong>ives, confirming its position as the<br />
distribution system with the most comprehensive, fully integr<strong>at</strong>ed, unique hotel property<br />
content.<br />
� <strong>Amadeus</strong> broke through the 100,000 unique hotel properties barrier following the<br />
implement<strong>at</strong>ion of content from Destin<strong>at</strong>ions of the World (DOTW), a leading global<br />
wholesale travel company. Access to this content gives <strong>Amadeus</strong> travel agents gre<strong>at</strong>er<br />
breadth <strong>and</strong> depth of choice to drive revenues, improve cash flow efficiency <strong>and</strong> enhance<br />
service. In addition, Accor - one of the world’s leading hotel oper<strong>at</strong>ors - extended its<br />
distribution agreement to enable over 1,100 of the chain’s budget Motel 6 <strong>and</strong> Studio 6<br />
properties to be booked through the <strong>Amadeus</strong> system. Also incorpor<strong>at</strong>ed into the<br />
<strong>Amadeus</strong> hotel inventory was Magnuson Hotels, the world's largest independent hotel<br />
group representing nearly 2,000 independent hotel properties <strong>and</strong> resorts across North<br />
America <strong>and</strong> UK <strong>and</strong> Travelodge, the UK’s long-established <strong>and</strong> fastest growing budget<br />
hotel chain, who announced a distribution deal to make its 490 properties in the UK,<br />
Irel<strong>and</strong> <strong>and</strong> Spain available to <strong>Amadeus</strong> subscribers, helping Travelodge to <strong>at</strong>tract a wider<br />
range of customers including business travellers.<br />
� In addition to the above, <strong>Amadeus</strong> signed a l<strong>and</strong>mark deal with HRS, the worldwide<br />
leading hotel portal for corpor<strong>at</strong>e customers, becoming the first ever global distribution<br />
system to distribute HRS’ hotel content. HRS has a d<strong>at</strong>abase of around 250,000 hotel<br />
properties, including more than 50,000 independent hotel properties which were<br />
previously not available through a global distribution system channel.<br />
� This str<strong>at</strong>egic partnership with HRS forms part of <strong>Amadeus</strong>’ ‘Multisource’ hotel initi<strong>at</strong>ive to<br />
distribute hotel content from diverse sources. Multisource hotel is part of the <strong>Amadeus</strong><br />
Hotel Optimis<strong>at</strong>ion Package, an initi<strong>at</strong>ive launched during the fourth quarter of the year.<br />
The package is a complete set of services <strong>and</strong> technologies for large travel agencies <strong>and</strong><br />
travel management companies (TMCs) to increase competitiveness, grant efficient access<br />
to all relevant hotel content <strong>and</strong> save valuable time for their travel advisers. The portfolio<br />
of solutions has two areas: Profit Optimis<strong>at</strong>ion, to help large travel agencies <strong>and</strong> TMCs<br />
save time <strong>and</strong> have more control over global hotel programmes; <strong>and</strong> Content<br />
Optimis<strong>at</strong>ion, converting <strong>Amadeus</strong> into a one-stop-shop for hotel content.<br />
Rail<br />
� Rail distribution remained a priority growth area <strong>and</strong> an agreement was signed with Rail<br />
Plus, the intern<strong>at</strong>ional specialist rail agency based in Australia <strong>and</strong> New Zeal<strong>and</strong>. The<br />
agreement will see the extensive rail content c<strong>at</strong>alogue of Rail Plus integr<strong>at</strong>ed into<br />
<strong>Amadeus</strong>’ award-winning front office solution, <strong>Amadeus</strong> Selling Pl<strong>at</strong>form. This will use<br />
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