From chaos to collaboration: how transformative travel will herald a new era in travel
A report on how emerging travel technologies will usher in a more collaborative way to travel.
Bangkok, Thailand, December 11, 2012: Korean Air, South Korea’s flag carrier and Amadeus, a leading technology partner for the global travel industry, have signed a full content agreement providing travel agencies worldwide guaranteed access to the full range of fares and inventory through the Amadeus system.
The agreement ensures that Korean Air’s schedules, fares, and inventory content is available through all Amadeus points of sale worldwide, including travel agencies and travel management companies.
“With this new agreement, we ensure that travel agents both in Korea and in our international markets will be provided with the highest level of access to Korean Air’s full range of content and services. Furthermore, this agreement will also help travel agents to provide not only the best available content but also enhanced customer services, reflective of our commitment to excellence in flight,�? said Kee Hong Woo, Senior Vice President, Passenger Business at Korean Air.
“This is an important step in our strategy to secure sustainable and long-term content agreements with leading airlines worldwide,�? commented Holger Taubmann, SVP Distribution at Amadeus. “This agreement recognizes the crucial role that travel agency distribution plays and the stability that long term content agreements bring to airline and travel agency parties alike.�?
The Korean Air and Amadeus agreement strengthens a long-standing relationship that expands also to theAirline IT space, with the airline’s plan to migrate to the full Amadeus Altéa Suite, including Reservation, Inventory, and Departure Control in 2014 and, separately, the agreement to migrate TOPAS, Korea’s leading travel information system provider, to the Amadeus system also in 2014.
A leading member in the SkyTeam alliance, Korean Air is among the top 20 airlines in the world in terms of passengers carried (23m PAX) and is also the top-ranked international cargo airline.
Notes to the editors:
Amadeus is a leading transaction processor and provider of advanced technology solutions for theglobal travel and tourism industry.
Customer groups include travel providers (e.g. airlines, hotels, rail, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travelers).
The group operates a transaction-based business model and processed more than 947 million billable travel transactions in 2011.
Amadeus has central sites in Madrid (corporate headquarters), Nice (development), and Erding (operations – data processing center) and regional offices in Miami, Buenos Aires, Bangkok, and Dubai. At a market level, Amadeus maintains customer operations through 73 local Amadeus Commercial Organizations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges and trades under the symbol “AMS.MC�?. It is a component of the IBEX 35, STOXX Europe 600 Index, and the Dow Jones Sustainability Index (DJSI).
For the year ended December 31, 2011, the company reported like-for-like revenues of €2,712 million and EBITDA of €1,039 million. The Amadeus group employs around 10,000 people worldwide, with 123nationalities represented at the central offices.
To find out more about Amadeus please visit www.amadeus.com
To visit the Amadeus Investor Relations center please visit www.investors.amadeus.com