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) and TAP Air Portugal have expanded their distribution agreement to include NDC content access for travel agents. Sabre-connected agents can now request activation to book TAP Air Portugal's NDC offers alongside traditional EDIFACT content through Sabre's travel marketplace. The content will be accessible via Sabre's Offer and Order APIs, Sabre Red 360, and GetThere. This expansion strengthens their existing partnership and aligns with the industry's move towards modern airline retailing, enabling more personalized travel experiences. Thousands of Sabre-connected agencies across 150+ countries can now access NDC content through the Sabre GDS.
Sabre (NASDAQ: SABR) and Serko have announced a strategic partnership where Serko will acquire GetThere, Sabre's business travel management solution. The partnership aims to develop new product capabilities for corporate customers and expand their customer base. Key aspects of the deal include transfer of GetThere's solution, intellectual property, team members, and global customer base to Serko. The companies will collaborate on strategic development, focusing on streamlining processes and reducing friction in travel management. Sabre states the sale won't significantly impact its revenue, Adjusted EBITDA, or free cash flow in 2024 and beyond.
Sabre (NASDAQ: SABR) has announced a new distribution agreement with Premier Inn, making over 900 Premier Inn properties available through Sabre's GDS platform. The integration includes more than 85,000 rooms across the UK and Ireland, plus 10,500 rooms in Germany.
The partnership enables travel agencies to book Premier Inn properties alongside other travel components through Sabre's Content Services for Lodging platform. The integration features Lodging AI, powered by Sabre Travel AI™, which uses machine learning to analyze property attributes and trip preferences, optimizing hotel recommendations and attachment rates.
Sabre (NASDAQ: SABR) has announced a new multi-year distribution agreement with World Travel, Inc., one of the top 10 largest Travel Management Companies in the United States. This partnership will enable thousands of World Travel agents to access Sabre's travel marketplace, which includes NDC offers and traditional EDIFACT content from over 400 airlines, 2M+ lodging options, and hundreds of tour operators, rail, and car rental providers.
World Travel will benefit from Sabre's solutions, including the Sabre Red 360 platform for enhanced traveler experiences and Content Services for Lodging (CSL) for comprehensive lodging options. The agreement aims to support World Travel's commitment to customer service excellence and technological evolution in the complex travel industry landscape.
Sabre (NASDAQ: SABR) has announced a live webcast of its third quarter 2024 earnings conference call, scheduled for October 31, 2024, at 9:00 a.m. ET. During the call, which is expected to last about an hour, management will discuss financial results and provide forward-looking commentary. Investors and interested parties can access the webcast through the Investor Relations section of Sabre's website at investors.sabre.com. For those unable to attend the live event, a replay will be available on the website for at least 90 days following the call.
Sabre (NASDAQ: SABR) has announced the election of Eric L. Kelly to its Board of Directors, effective Jan. 1, 2025. Kelly, a technology industry veteran with over 40 years of experience, currently serves as Chairman and CEO of Overland Tandberg. He brings expertise in areas such as cybersecurity, complex M&A strategy, international corporate finance, and strategic business transformations.
Gail Mandel, Chair of Sabre's Board, expressed confidence in Kelly's appointment, noting that 2025 will be an important year for Sabre's technology evolution. Kelly will serve on the technology committee and the audit committee of the Board of Directors, contributing his extensive experience and thought leadership to Sabre's strategic direction.
Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has become the primary reservation platform for LOTTE HOTELS & RESORTS, South Korea's largest hotel group. This migration to Sabre's SynXis Central Reservation System (CRS) marks a significant milestone for LOTTE, streamlining reservation processes and enhancing distribution capabilities across their portfolio.
The enhanced alliance includes the implementation of several advanced Sabre Hospitality solutions, such as SynXis Retailing, SynXis Booking Engine, Corporate Booking Tool, Voice Agent, Meta Search, and Channel Connect. These tools aim to improve operational efficiency, increase revenue, and elevate the guest experience.
LOTTE HOTELS & RESORTS currently operates 35 hotels in seven countries, with a diverse brand portfolio including SIGNIEL, LOTTE HOTELS, L7 HOTELS by LOTTE, LOTTE City Hotels, LOTTE RESORT, and VL premium residence.
Riyadh Air, Saudi Arabia's newest flagship airline, has partnered with Sabre (NASDAQ: SABR) to adopt comprehensive SabreMosaic™ Offer Optimization technology. This strategic agreement positions Riyadh Air to become the first carrier to operate on offer- and order-based technology across its entire retail spectrum when it launches operations in 2025.
The airline will deploy SabreMosaic Air Price IQ, Ancillary IQ, Bundle IQ, and Upgrade IQ to generate and manage dynamic offers. Additionally, Riyadh Air will use SabreMosaic Continuous Revenue Optimizer for true continuous pricing, making it the first airline globally to operate without traditional fare filing and booking classes in the direct channel.
This partnership leverages Sabre Travel AI™ and Google's Artificial Intelligence (AI) and Machine Learning (ML) toolkit to enhance offer construction with smart customer segmentation and intelligent bundling, enabling Riyadh Air to provide personalized, diverse travel options while optimizing revenue.
Sabre (NASDAQ: SABR) has announced a multi-year distribution agreement with Dominican flag carrier Arajet. This partnership will allow Arajet to distribute its flight inventory, offers, and services through Sabre's global network of travel buyers. The agreement expands Arajet's existing partnership with Sabre beyond the Radixx Res passenger services system (PSS) to now include distribution through the Sabre Global Distribution System (GDS).
Arajet, a low-price carrier, currently offers flights to 23 destinations in 16 countries throughout the Caribbean and the Americas, with a fleet of 10 aircraft. The airline has transported over 1.3 million passengers in almost a year of operation. This new agreement aims to help Arajet expand its reach in the Americas and provide Sabre-connected agents with access to additional airline content for creating personalized offers for leisure travelers.
Sabre (NASDAQ: SABR) has released its 2024 Sustainability Report, introducing a new Travel Positive strategy focused on People, Planet, and Prosperity. The company has submitted a commitment letter to the Science Based Targets initiative (SBTi), demonstrating its dedication to reducing greenhouse gas emissions in line with the Paris Agreement.
Sabre has become the first company to use Google and Travalyst's Travel Impact Model to measure its business travel Scope 3 emissions. The report highlights Sabre's participation in the Travalyst coalition and the integration of sustainability features into its core technologies.
The company has expanded its inclusion groups and launched a Sustainability Community of Practice. Sabre is also preparing to launch the Sabre Travel Positive Program, an educational initiative offering sustainability training to all team members.
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