Amadeus IT Group (OTCPK:AMADY, (BME: AMS) is one of the world’s largest technology providers for travel and tourism. The company runs platforms that support Airlines, Rail Operators, Hotels, Rental Cars, Ferry and Cruise lines, travel insurance groups , etc. and connects them with travel agents, tour operators and other customer facing entities.
The company is experiencing declining revenue this year due to the pandemic, but the need for its services and its competitive advantage remain strong. I believe Amadeus is a great opportunity for long term investors.
Background
Founded in 1987 by