Travel Tech CEO Series: Amadeus Is Evolving Despite Airline Distribution Pressures
Photo Credit: Since January 2011, Luis Maroto has been chief executive of travel technology company Amadeus, a darling of the Madrid stock exchange. Amadeus
Skift Take
In his first interview with Skift, Amadeus's chief executive Luis Maroto makes a persuasive case that his $24.8 billion company is successfully navigating industry changes.
Editor's Note: This year we expanded our coverage of the technology companies that do the behind-the-scenes work of powering the technology systems of the world's major travel companies.
We’re sitting down with a handful of industry leaders for our new Travel Tech CEO Listening Series to discover where they think the industry is heading.
Amadeus, the Madrid-based travel technology company, is a darling of the stock market.
The company has posted reliable earnings for many years, and investors have awarded it with a market capitalization of $24.5 billion, or 22.6 billion euro, with expectations of growth.
Amadeus has also been praised for its investment of more than $3.8 billion in research-and-development from 2004 to 2014.
But "long-term growth bet" and "R&D leader" are not the terms that airline executives usually use to describe Amadeus and its peer companies Travelport, Sabre, and TravelSky.
Those middlemen process at least half of all flights that agenc
