SabreSonic, Hospitality Solutions take Sabre higher

BTN News
Wednesday, 09 November 2016

Travel technology major Sabre Corporation has reported its third quarter 2016 financial results in two business segments: Travel Network, a global travel marketplace that connects more than 425,000 travel agents in more than 160 countries with airlines, hotels, car hire, cruise lines, tour operators and other travel suppliers across the world, and its Airline and Hospitality Solutions business, which provides technology software solutions and consulting to the global airline and hospitality industries.  
 


For the third quarter 2016, highlights included:
 
· Third quarter revenue increased 6.9 per cent.


·  Airline and Hospitality Solutions revenue improved 19.8 per cent. Contributing to the rise in revenue was a 45.3 per cent increase in airline passengers boarded through the SabreSonic reservation solution. Strong growth also continued in Sabre Hospitality Solutions, with nearly 45 per cent revenue growth driven by ongoing momentum behind its leading SynXis Central Reservations solution and an acquisition in the first quarter of 2016.

·  Travel Network revenue rose 2.3 per cent and had air bookings growth of 3 per cent, with continued growth in every region of the world. The overall bookings increase was 2.4 per cent.

SabreSonic, Hospitality Solutions take Sabre higher

BTN News
Wednesday, 09 November 2016

Travel technology major Sabre Corporation has reported its third quarter 2016 financial results in two business segments: Travel Network, a global travel marketplace that connects more than 425,000 travel agents in more than 160 countries with airlines, hotels, car hire, cruise lines, tour operators and other travel suppliers across the world, and its Airline and Hospitality Solutions business, which provides technology software solutions and consulting to the global airline and hospitality industries.  
 


For the third quarter 2016, highlights included:
 
· Third quarter revenue increased 6.9 per cent.


·  Airline and Hospitality Solutions revenue improved 19.8 per cent. Contributing to the rise in revenue was a 45.3 per cent increase in airline passengers boarded through the SabreSonic reservation solution. Strong growth also continued in Sabre Hospitality Solutions, with nearly 45 per cent revenue growth driven by ongoing momentum behind its leading SynXis Central Reservations solution and an acquisition in the first quarter of 2016.

·  Travel Network revenue rose 2.3 per cent and had air bookings growth of 3 per cent, with continued growth in every region of the world. The overall bookings increase was 2.4 per cent.