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 (SABR) drives innovation in travel technology through its global distribution systems and enterprise solutions. This news hub provides investors and industry professionals with essential updates about the company’s strategic initiatives, technological advancements, and market position.
Access real-time announcements including earnings reports, partnership developments, and product launches. Our curated collection simplifies tracking Sabre’s progress in enhancing airline operations, hotel revenue management, and travel agency tools through AI-driven platforms.
Key updates cover airline IT modernization, hotel cloud solutions, and distribution network expansions. Stay informed about Sabre’s role in shaping next-generation travel commerce, including New Distribution Capability (NDC) implementations and data analytics innovations.
Bookmark this page for streamlined access to verified Sabre Corporation developments. Check regularly for updates on critical travel technology trends directly impacting global distribution networks and digital transformation initiatives.
Sabre Corporation (SABR) has entered a multi-year agreement with AirTrip International, enhancing the online travel agent's capabilities in Japan. This partnership allows AirTrip to leverage Sabre's advanced distribution technology and algorithms to improve its outbound business. Utilizing Sabre's Bargain Finder Max API, AirTrip can offer customized booking experiences tailored to consumer preferences. As travel demand recovers in Japan, this collaboration positions AirTrip to capitalize on growth opportunities while delivering superior travel solutions.
Sabre Corporation (NASDAQ: SABR) has partnered with Mastercard to enhance virtual card usage for B2B travel payments, following its acquisition of Conferma Pay in August 2022. This collaboration aims to create an efficient travel payment ecosystem by addressing B2B payment challenges and improving tracking and reconciliation of payments. Mastercard will make a minority investment in Conferma Pay, which connects issuers to over 700 travel management companies. The integration aims to provide secure, automated payment solutions and foster innovation in travel payments.
Sabre Corporation announced the upsizing and pricing of a $555 million offering of 11.250% senior secured notes due 2027, increasing by $20 million from the previous amount. The sale is expected to close on December 6, 2022. Interest on the notes will be paid semi-annually, and the net proceeds will be used to repay approximately $536 million of existing debt due in 2024. The offering is being made to qualified institutional buyers and non-U.S. persons. The notes will be secured by a first-priority interest in substantially all of Sabre GLBL's assets.
Sabre Corporation (NASDAQ: SABR) has partnered with Girls Who Code (GWC) to support gender equity in technology. This sponsorship focuses on empowering girls in grades 3-12 through after-school coding clubs. Additionally, GWC's collegiate program helps women build confidence and skills in tech careers. Chief People Officer Shawn Williams emphasized the importance of diversity in Sabre's workforce. The collaboration encourages Sabre employees to engage in GWC events and further supports initiatives aimed at creating equitable technology opportunities.
Sabre Corporation (NASDAQ: SABR) has announced a new Premium Solution Partnership with Trava to automate post-booking processes for travel agencies. This partnership aims to enhance efficiency and profitability by providing a no-code process automation solution that can decrease manual workload by over 70% and increase profits by approximately $5 per PNR. Trava's technology will be available to Sabre-connected travel agencies in North America and EMEA, helping them improve customer experiences and manage operational challenges more effectively.
Sabre Corporation (NASDAQ: SABR) has announced a new distribution agreement with THAI Smile Airways aimed at enhancing the airline's market reach and supporting its growth strategy. This partnership allows travel agents to access THAI Smile's international content through Sabre's global marketplace, which is critical as tourism in Thailand resumes. Acting CEO Thamanoon Kuprasert emphasized the timing of this deal as pivotal for Thailand's tourism recovery. The agreement coincides with THAI Smile's tenth anniversary, showcasing a commitment to expand their services for leisure and corporate travelers.
Sabre Corporation (SABR) reported its third-quarter 2022 financial results on November 2, 2022. The earnings release, presentation, and prepared remarks are available on its Investor Relations webpage. A live webcast of the earnings conference call is scheduled for today at 9:00 a.m. ET, discussing financial outcomes and future outlook. Sabre, a leading technology provider in the travel industry, manages over $260B in global travel spend and serves customers in more than 160 countries.
On November 1, 2022, Sabre Corporation (NASDAQ: SABR) announced a renewed long-term agreement with Oman Air to enhance its strategic goals. This multi-year renewal includes the SabreSonic Passenger Service System and global distribution system, allowing Oman Air to utilize advanced technology for digital transformation and retailing strategies. By investing in Sabre's Digital Connect APIs, Oman Air aims to increase self-service capabilities and personalize traveler offerings. The collaboration aligns with Oman Air's upcoming integration into the Oneworld Alliance by 2024.
Sabre Corporation (NASDAQ: SABR) and BCD Travel have entered a long-term strategic partnership aimed at significantly growing GDS bookings. This collaboration will focus on co-investment in advanced technologies to enhance efficiency and adapt to evolving market demands. Key objectives include leveraging cloud migration and AI innovations to transform travel distribution and provide improved traveler experiences. The partnership underscores Sabre's commitment to fostering BCD's operational capabilities while responding dynamically to post-Covid travel complexities.
On October 25, 2022, Sabre Corporation (NASDAQ: SABR) announced a new partnership with MyStays Hotel Management. This collaboration aims to enhance MyStays' global reach, focusing on attracting international corporate guests. Utilizing Sabre's SynXis platform, MyStays can showcase its inventory to hundreds of thousands of travel agents worldwide, significantly expanding its distribution. With over 100 hotels across Japan, MyStays has aggressively expanded its portfolio, opening 20 new locations in the past two years, capitalizing on Japan's easing travel restrictions.
