A key milestone in the travel technology giant’s 8.3 per cent growth was its acquisition of Materna IPS.
SITA’s record revenue growth to USD1.6 billion in 2024 was driven by strong performance across its Airports as well as its Borders and Aircraft businesses. A major boost to business was the travel technology giant’s acquisition of Materna IPS. This has expanded its ability to deliver fast, self-service passenger journeys through its passenger processing portfolio.
The company also acquired Italian airport design experts, CCM, earlier this year, with the aim of creating future-ready travel spaces, planning for optimum passenger flow and baggage handling in the early stages of airport and terminal design.
“With air traffic set to grow 7 per cent between 2025 and 2027, infrastructure will continue to be stretched,” said SITA CEO David Lavorel.
“At the same time, travellers are expecting more convenience than ever, and regulatory pressure is rising. But the opportunities to do things better through transformation are huge. Our role is to deliver the travel tech the industry needs for new levels of efficiency in the flow of passengers, the movement of aircraft, and the fluidity of operations.”
He also noted that SITA has transformed as an organisation, investing in high-performance tools and next-generation technologies. In line with the digitalisation of service models, it is using AI, cloud, apps, digital ID, and real-time data as agile building blocks to support airports in operating efficiently and delivering seamless journeys.
“Our customers need flexibility, speed and visibility – all while needing to do more with less,” added Lavorel.
“Transforming travel and transport means having the right travel tech to streamline journeys and operations while also reducing carbon emissions. That’s why we’re investing in AI, data, apps, cloud and digital identities, and co-innovating with customers to build smarter, more sustainable journeys from end to end.”
Photos: SITA
