Sfaura

💰 Amadeus reported double-digit growth in financial results for the first nine months of 2024, with revenue up by 12.6%, EBITDA increasing 13.3%, operating profit rising 16.9%, and adjusted profit improving by 17.4%. The company generated a free cash flow of €975.2 million and had a net financial debt of €2.511 billion, which is 1.09 times the EBITDA of the last twelve months. Revenue in the Airport sector grew, as did Hotel and Other Solutions revenue by 12.9%, driven by new clients and transaction volume. Air Distribution revenue increased by 10%, with bookings up 3.4% and average revenue per booking up 6.4%. Airline Technology Solutions revenue grew by 16.2%, with a 12% increase in passengers boarded.

🏨 Paul-Edouard Le Bret, Senior Director – Hotel Development France at Accor, has over 15 years in the hospitality industry and nearly three with Accor, the largest hotel group in Europe. Accor boasts 5,680 hotels worldwide and over 40 brands. In the wake of the COVID-19 pandemic, the French hotel sector, particularly in Lyon, is experiencing positive growth, with a faster-than-expected recovery and continued development, including the renovation of old buildings into hotels. Lyon did not see significant tourism impacts from the 2024 Paris Olympics. Post-pandemic, there has been a rise in hotel investments from new investors. Accor's strategy focuses on opening hotels in strategic locations with market-adapted concepts, enhancing investments and traveler demand. Handwritten Collection, a four-star boutique hotel in Lyon, caters to both business and leisure clients, blending corporate clients on weekdays with tourists on weekends. Accor's ALL loyalty program promotes customer retention across brands, offering point accumulation and redemption in various hospitality-related experiences. The role of technology at Accor is crucial, with dedicated departments enhancing customer experience and operational efficiency, including revenue management using advanced tech and AI for dynamic pricing. The evolving hotel industry trends toward more flexible and friendly hospitality, with F&B becoming a central part of the hotel business.