Amadeus' annual business travel event identifies new industry challenges ahead
Amadeus held its annual Corporate Travel Network event in September at the Amadeus Executive Briefing Centre in Sophia Antipolis, Nice. This exclusive Amadeus event for top global corporations was attended by over 100 key travel management experts. The objective was to discuss the evolution of professional travel management and to simplify the complexity of business travel today.
Madrid, Spain, 21 October 2010: Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry, held its annual Corporate Travel Network event in September at the Amadeus Executive Briefing Centre in Sophia Antipolis, Nice. This exclusive Amadeus event for top global corporations was attended by over 100 key travel management experts. The objective was to discuss the evolution of professional travel management and to simplify the complexity of business travel today.
James Westgarth, Head of Extended Travel Enterprise, EADS, comments: "This event reflects the dynamic pace of the industry and key stakeholders’ teamwork. Amadeus has really put strategic focus and resources to be at the leading edge of travel technology. Such events and gatherings allows to better understand the challenges from the various stakeholders. It was great to share both corporations’ and Amadeus’ vision.”
Over 100 high-profile corporations and key industry players took part in an engaging business agenda, which included strategic networking opportunities, inspiring keynote presentations, panel discussions and an in-depth Technology Showcase. In addition, the first person to sail single handed and non-stop around the world, Sir Robin Knox-Johnston, provided an inspiring discussion about the power of the team and the impact of technology on his endeavours, drawing inspiring comparisons with corporate travel.
Ron DiLeo, Executive Director, Association of Corporate Travel Executives (ACTE), comments: “The business travel industry needs new ideas and some degree of activism in driving change. The industry lacks new talent coming into the industry as
compared to twenty years ago. We need to think about how to attract new people and fresh thinking into the business travel space and with it, new material to work with.”
Albert Pozo, Vice President, Multinational Business & Corporate Travel, Amadeus, comments: “Although the last few years have been tough for the business travel sector, we must concentrate our efforts on the future, exploring the different routes to growth and profitability. These important gatherings help us better understand the challenges from the various stakeholders in the industry, allowing us to align priorities and better focus our resources so that we can continue to be at the leading edge of travel technology and provide the most relevant global content in the market.”
Pozo continues: “The social media explosion is here to stay, making the business traveller more savvy than ever. The business travel industry can learn from the way leisure travel has successfully used social media to leverage all the new possibilities to create new business. At the same time we need to be conscious of how this would work for corporate travel purposes, and the value that it could provide travel managers to better steer their travel policy, while at the same time delivering a better service and experience to the traveller.”
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Notes to the editors
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry. Customer groups include travel providers (e.g airlines, hotels, rail, car rental, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travellers). The group operates a transaction-based business model and processed more than 670 million billable travel transactions in 2009.
Amadeus has central sites in Madrid (corporate headquarters and marketing), Nice (development) and Erding (Operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 72 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol “AMS.MC”. For the year ended 31 December 2009, the company reported revenues of EUR 2,461 million and EBITDA of EUR 894 million. The Amadeus group employs over 10,100 employees worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please visit www.amadeus.com.
To visit the Amadeus Investor Relations centre please go to www.investors.amadeus.com.
About Amadeus e-Travel Management
Used currently by over 4,000 corporations, Amadeus e-Travel Management processes over 4.5 million passenger name records (PNRs) every year.
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