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    AMS   ES0109067019

AMADEUS IT GROUP, S.A.

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Amadeus IT S A : CTrip Corporate Travel gains access to extensive hospitality content through renewed partnership with Amadeus

08/23/2021 | 03:14am EDT
Covid-19 has had an extraordinary impact on business travel, and now many agencies are rethinking aspects of their business, accommodating the changing needs of corporate travelers. To support its 12,000+ corporate customers travel in and out of China, CTrip Corporate Travel has renewed a multi-year strategic partnership with Amadeus to support the technology innovation needed for expanding its operations across Asia Pacific.

CTrip Corporate Travel's customers can now shop and book hospitality content via the Amadeus Travel Platform. They will benefit from working on the same platform that over one million properties use - from hotel chains to aggregators and other leading accommodation providers -, giving them unrivalled access to real-time rates and the content they need to serve their customers. Accommodation types range from five-star hotels to B&Bs to managed apartments. A variety of different business models and payment options are available.

Steve Zhang, CEO of Ctrip Corporate Travel, said: "We are excited to see the strong recovery of corporate travel in China. Despite the extensive use of conferencing options, business travel has recovered stronger, in line with the domestic economic growth in this market. With business travelers increasingly turning to corporate travel management services, we are delighted to renew our strategic long-term partnership with Amadeus. The Amadeus Travel Platform will be a cornerstone in the expansion of our travel management business this year and beyond."

Brian Chien, Senior Vice President, Travel Sellers and Online, Greater China and Managing Director, Amadeus China said: "As one of the world's largest business travel markets, China presents tremendous growth opportunities for our business, and our strategic partnership with Trip.com Group has helped Amadeus establish a strong presence in the country. We are pleased to be supporting CTrip Corporate Travel in bringing its customers extensive and relevant hotel content through the Amadeus Travel Platform, so its travelers can get back on the road safely and confidently."

The Amadeus Travel Platform is built on open systems, harnessing intelligent use of data and integrating new interfaces and architectures. Processing 100K+ end-user transactions per second at peak, end-user transactions can include anything from a low fare search to a credit card authorization request.

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Amadeus IT Group SA published this content on 23 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2021 07:13:06 UTC.


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Sales 2021 2 923 M 3 387 M 3 387 M
Net income 2021 -27,9 M -32,3 M -32,3 M
Net Debt 2021 3 448 M 3 996 M 3 996 M
P/E ratio 2021 -520x
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EV / Sales 2021 9,95x
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Nbr of Employees 15 879
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Technical analysis trends AMADEUS IT GROUP, S.A.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 27
Last Close Price 56,96 €
Average target price 59,69 €
Spread / Average Target 4,80%
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Luis Maroto Camino President, CEO & Executive Director
Till Streichert Chief Financial Officer
William Alfred Connelly Chairman
Denis Lacroix Senior Vice President-Core Shared Services R&D
Christophe Bousquet Chief Technology Officer, Senior VP-Airlines R&D
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