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Amadeus Egypt seeks to increase revenues in Egypt by 7-10%: GM.

Amadeus Egypt, which provides technology and distribution solutions for airlines, aims to increase its growth indicators from 7% to 10% during 2016, according to the company's general manager Khaled Gad.

He added that the company is seeking to increase the number of training sessions for its human resources, which is expected to contribute to increasing the company's revenues following the recovery of Egyptian tourism sector.

Gad told Daily News Egypt that Amadeus acquires 41% of the aviation industry technology in the world. He noted that the company achieved revenues of e1/43.9bn, while its earnings before interests, taxes and depreciation amounted to e1/41.46bn by the end of 2015.

Gad said that despite recent incidents, the Middle East continues to be a very promising market in the tourism and aviation sectors, contributing about 12.5% of the company's revenues, while 17% comes from the United States.

Approximately 46 tourism companies and tour operators deal with Amadeus Egypt, according to Gad, who added that Egyptian tourism companies should take advantage of the recession in the sector now and start training their human resources in preparation for the recovery of the sector in the upcoming period.

Egypt's tourism income dropped to $6.1bn last year, affected by the Russian plane crash in October 2015 that killed all 224 people on board. The number compares to the $7.3bn recorded in 2014, when tourism had begun to slightly recover after years of decline following the 25 January Revolution in 2011.

Gad revealed that Amadeus offered the Ministry of Education to provide training programmes for students in schools, and is awaiting the ministry's response.

[c] 2016 Daily News Egypt. Provided by SyndiGate Media Inc. ( ).

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Publication:Daily News Egypt (Egypt)
Date:Apr 4, 2016
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