Welcome to our dedicated page for Sabre news (Ticker: SABR), a resource for investors and traders seeking the latest updates and insights on Sabre stock.
Sabre Corporation (NASDAQ: SABR) is a leading software and technology provider dedicated to the global travel industry, boasting nearly US$8 trillion in industry reach. Sabre’s comprehensive suite of technology solutions empowers airlines, hotels, travel agencies, and various travel suppliers to grow their businesses and innovate the traveler experience. The company's open and stable platform ensures flexibility, reliability, and scalability for clients, making Sabre an industry powerhouse.
Headquartered in Southlake, Texas, Sabre is committed to transforming the travel ecosystem through advanced technology. Their services include data-driven business intelligence, mobile solutions, distribution channels, and software as a service (SaaS) offerings. Over the years, Sabre has pioneered several industry-changing technologies such as online travel agencies, corporate booking tools, revenue management systems, and web and mobile itinerary tools.
Sabre's business is structured into two primary segments: Travel Solutions and Hospitality Solutions. The Travel Solutions segment, which accounted for 91% of total 2023 revenue, encompasses distribution (78% of segment sales) and airline IT solutions (22%). Meanwhile, the Hospitality Solutions segment, although smaller, is rapidly growing and represented 9% of the 2023 revenue. Sabre's marketplace transacts more than a billion travel-related transactions annually, holding the second-largest air booking volume share in the global distribution system industry.
Recent achievements for Sabre include strategic agreements and partnerships to extend their technological offerings. For instance, Sabre recently signed a multi-year agreement with Air Serbia, enhancing the airline's revenue management with Sabre's Pricing and Revenue Optimization suite. The company also made significant strides in financial restructuring, such as the exchange of $150 million in 4.000% exchangeable senior notes due 2025 for new 2026 notes, thereby optimizing its debt profile.
Sabre's ongoing projects reflect its focus on innovative solutions. The introduction of SabreMosaic™, a new intelligent, modular, and open technology platform, aims to transform airline retailing by adopting a modern Offer and Order approach. This platform, powered by Google Cloud's AI capabilities, facilitates dynamic and personalized content delivery to travelers, enhancing revenue opportunities for airlines.
Sabre's consistent efforts in technological advancements and strategic partnerships ensure its prominent position in the travel technology sector and its commitment to revolutionizing the travel experience for consumers worldwide.
Sabre (NASDAQ: SABR) has announced the release of its financial results for Q4 and full-year 2024. The company has made its earnings release and presentation available on its Investor Relations webpage at investors.sabre.com/financial-information/quarterly-results, as well as on the SEC website.
The company will host a live webcast of its earnings conference call on February 20, 2025, at 9:00 a.m. ET, where management will discuss financial results and provide forward outlook commentary. The webcast is expected to last approximately one hour and will be accessible through the company's Investor Relations website. A replay will remain available for at least 90 days following the event.
Sabre (NASDAQ: SABR) has announced a new agreement with Newmark, a specialist management company of African luxury hotels and reserves. Through this partnership, Newmark will utilize Sabre Hospitality's Global Distribution System (GDS) technology and SynXis Central Reservation System (CRS) to enhance their hotel content distribution.
The collaboration will enable Newmark to reach over 425,000 travel agents globally, streamline their booking process, and manage room inventory more effectively. Newmark's portfolio includes luxury hotels in South Africa's V&A Waterfront, Cape Town Foreshore, Sandton, and private game reserves in Emanzana, Timbavati, Waterberg, and Karoo, with additional properties in Mauritius, Zanzibar, Tanzania, Uganda, and Nigeria.
Sabre (NASDAQ: SABR) has announced it will host a live webcast of its fourth quarter and full year 2024 earnings conference call on February 20, 2025, at 9:00 a.m. ET. During the approximately one-hour webcast, management will present financial results and provide forward outlook commentary.
The webcast will be accessible through the Investor Relations section of Sabre's website at investors.sabre.com. A replay will remain available on the website for at least 90 days after the event.
Sabre (NASDAQ: SABR) announced that Karl Peterson will retire from its Board of Directors prior to the 2025 annual meeting scheduled for April 23. Peterson, who has served on the Board since March 2007, held key positions including Board Chair from January 2020 to April 2022 and Lead Director during 2017.
Board Chair Gail Mandel acknowledged Peterson's nearly two-decade tenure and his significant contributions to the company's leadership team. Peterson expressed pride in Sabre's progress during his service, particularly noting the company's resilience through challenging times and its current positioning for future success.
Sabre (NASDAQ: SABR) announced an expanded partnership with OUTRIGGER Resorts & Hotels to implement SynXis® Retailing solution across their resort portfolio. Following successful adoption at two properties, OUTRIGGER is extending the platform to their remaining 12 resorts, becoming the first major customer to upgrade from standard dynamic packaging to advanced SynXis Retailing capabilities.
The implementation aims to enhance merchandising power and guest booking experiences. Hotels using SynXis Retailing have reported up to 3x increase in revenue, improved customer satisfaction, and faster booking processes. OUTRIGGER, operating 38 properties across Hawaii, Asia-Pacific, and Indian Ocean, has been a Sabre customer since 2017.
The platform enables OUTRIGGER to merchandise hotel spaces, services, and experiences while providing personalized options throughout the guest journey. This expansion reinforces Sabre's position in advanced hospitality retailing solutions and OUTRIGGER's commitment to enhancing guest experiences.
Sabre (NASDAQ: SABR) has announced a new long-term agreement with Hainan Airlines, one of China's largest carriers. The airline will implement Sabre's Fares Manager and Contract Manager solutions to optimize international fares management and enhance competitiveness in the global market.
Hainan Airlines, a SKYTRAX 5-Star Airline recipient for 13 consecutive years since 2011, will utilize Sabre's advanced technology to support its international expansion plans. The technology will enable dynamic fare monitoring and adjustment to maximize revenue opportunities across new, existing, and resumed routes.
The partnership aims to bring integrated end-to-end automation and intelligence to Hainan Airlines' pricing strategy. Established in 1993, the airline has recently expanded its fleet with new aircraft and added new routes to its network.
Sabre (NASDAQ: SABR) announced the launch of Saudia's New Distribution Capability (NDC) content on its marketplace, marking the first time Saudia has made NDC content available on a Global Distribution System (GDS). This integration enables travel agents, TMCs, and corporations to deliver tailored offers to customers through Sabre's global travel marketplace.
The partnership aims to modernize Saudia's distribution capabilities, offering more dynamic and personalized content while enhancing the traveler experience. Through Sabre's NDC-enabled solutions, Saudia can reach more travelers and deliver a more personalized booking experience. This collaboration joins Sabre's recent NDC agreements with other major airlines including Qatar Airways, Air Serbia, WestJet, Hawaiian Airlines, Air Canada, and Etihad Airways.
Garuda Indonesia has selected three advanced fare management solutions from Sabre (NASDAQ: SABR) to enhance its pricing capabilities and streamline operations. The airline will implement Sabre Fares Manager, Contract Manager, and Fares Optimizer to support its transformation strategy and address fare management challenges.
These solutions aim to reduce revenue leakage through automation, implement optimal pricing strategies using advanced analytics, and enhance market agility. The tools provide real-time insights and integrated end-to-end automation for proactive fare adjustments. Garuda Indonesia joins over 30 airlines globally using Sabre's fare management solutions.
Sabre (NASDAQ: SABR) and American Airlines have announced a multi-year renewal of their technology partnership. The agreement includes the continued provision of the SabreSonic® Passenger Service System (PSS) and extends American's subscription to Sabre PRISM, a corporate travel contract management solution.
The partnership has historically driven innovations in the airline industry, including intelligent seat re-accommodation, new inventory capabilities, and enhanced cabin functionality. This renewal follows the previous announcement of American's NDC offers becoming available through Sabre's Global Distribution System (GDS). Additionally, both companies have resolved litigation related to a 2011 lawsuit initiated by US Airways.
Thai Airways has expanded its technology partnership with Sabre (NASDAQ: SABR) by adopting Sabre's advanced Fares Manager and Fares Optimizer solutions. This expansion builds upon their existing distribution agreement and aims to enhance Thai Airways' pricing capabilities and revenue opportunities.
The implementation will enable Thai Airways to streamline fares management processes, monitor competitor activities, and quickly adjust pricing strategies. The airline will leverage these solutions to automate benchmarking, optimize fare structures, and make data-driven pricing decisions. This comes as Thai Airways expands its operations with new widebody aircraft, increased flight frequencies, and new routes to destinations including Oslo and Milan.
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