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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Amadeus IT Group    AMS   ES0109067019

AMADEUS IT GROUP (AMS)
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Amadeus IT : encourages industry to make accessible travel a reality for all

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10/04/2017 | 08:55am CEST

More than two billion people around the world have accessibility needs due to disability and age. And yet a new study released today by Amadeus reveals that most of their needs are not being fully catered for by either the travel industry or the public sector, so accessible travel is far from becoming something that millions of travellers can take for granted.

According to the report 'Voyage of discovery. Working towards inclusive and accessible travel for all', one of the biggest barriers to accessible travel remains inaccurate or incom-plete information being available, coupled with a lack of skilled customer service. The re-port also shows that travellers with accessibility needs increasingly now expect these to be met as part of the mainstream service and at no extra cost. The role of technology in acces-sible travel is becoming more important, with specific developments such as voice recogni-tion starting to be seen as commonplace.

The study also finds:

  • The overall travel experience and how this is adapted to different needs is rated at just 6.2 out of 10
  • Travelling by plane is the preferred transportation method (35.9 percent of re-spondents)
  • The least satisfactory areas with regards to accessibility are those related to rail-way stations (4.9 out of 10) and the most satisfactory area is accommodation (6.2 out of 10)

The study highlights that transitioning to an accessible travel-friendly environment for all will require the improvement of many aspects. These include more effective communication that facilitates access to relevant information on accessibility, and a more responsive service with properly trained staff who know how to address people with different access needs.

Moreover, standardised content and services would increase consistency across the industry ensuring clarity in the type of services that any customer could expect. There is an opportunity in tandem for a more personalised travel experience so that each travel segment is tailored to the individual and their specific needs, the report says.

Finally, the research recommends further collaboration between the private and public sectors to meet the expectations of travellers with accessibility needs.

'Improving accessibility in travel means enhancing usability for all customers. Lifting barriers to travel, personalising the travel offer, using technology to further facilitate travellers' experiences and creating more accessible infrastructure where people can navigate autonomously will benefit everybody,' comments Alex Luzárraga, Vice President, Corporate Strategy, Amadeus.

Accessibility is one of the elements addressed by Amadeus' Corporate Social Responsibility strategy. It is also a key aspect assessed by Environmental, Social and Governance external evaluations such as the Dow Jones Sustainability Index (DJSI).

'We are committed to sustainability in the travel industry,' says Tomas López Fernebrand, Senior Vice President, General Counsel & Corporate Secretary, Amadeus. 'Indeed, we are proud to have been recognised by the DJSI as world leaders of our sector. For a sustainable travel industry, accessibility is a key element, and a powerful tool to broaden people's access to travel. Technology has a key role to play as an enabler in this. It is also necessary to work together with consumers and the private and public sectors to consolidate industry standards that ensure accessible travel for all becomes a reality.'

The study, which was conducted by ILUNION, a consulting firm owned by ONCE, the Spanish National Organisation of the Blind, was developed in the U.S, the EU and India, and included some 800 interviews with travellers with accessibility needs as well as industry experts, private-public sector representatives and international institutions. Segmentation of travellers for the study was based on people with visual, hearing, cognitive, physical disabilities and senior travellers (over 65).

Amadeus IT Group SA published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 06:54:02 UTC.

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Financials (€)
Sales 2018 4 999 M
EBIT 2018 1 458 M
Net income 2018 1 035 M
Debt 2018 1 849 M
Yield 2018 1,60%
P/E ratio 2018 32,59
P/E ratio 2019 29,77
EV / Sales 2018 7,20x
EV / Sales 2019 6,63x
Capitalization 34 140 M
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Mean consensus HOLD
Number of Analysts 26
Average target price 69,8 €
Spread / Average Target -10%
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Managers
NameTitle
Luis Maroto Camino President, CEO & Executive Director
José Antonio Tazón García Chairman
Wolfgang Krips EVP-Global Operations & GM-Amadeus Data Processing
Ana de Pro Gonzalo Chief Financial Officer
Christophe Bousquet Senior VP-Airlines Research & Development
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