Sabre News | Sep 05, 2024
Mike Randolfi, Sabre's EVP and CFO, reported a 4% revenue increase and a $56 million rise in adjusted EBITDA in the last quarter.
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Sabre is a global technology company that provides innovative software and technology solutions to the travel industry. Headquartered in Southlake, Texas, Sabre partners with airlines, hotels, travel agencies, and corporate customers to enhance the travel experience and streamline operations. The company is known for its unmatched technology and data-driven solutions that help clients grow their businesses and transform traveler experiences. Sabre has pioneered various travel technologies, including online travel agencies and corporate booking tools.
- Mike Randolfi, Sabre's EVP and CFO, reported a 4% revenue increase and a $56 million rise in adjusted EBITDA in the last quarter.
- Sabre launched SabreMosaic, a new platform for airline retailing, featuring advanced AI and modularity.
- Sabre and Furlong-Fox entered a multi-year agreement for Sabre Direct Pay.
- Sabre partnered with Furlong-Fox, Argentina's largest corporate travel agency, to modernize their payment strategy using Sabre Direct Pay.
- Meetingmax has integrated with Sabre’s Global Distribution System (GDS) to streamline group hotel bookings by automatically syncing reservations to hotel property systems.
- Sabre introduced new hospitality retailing technology aimed at enhancing the ultimate guest experience.
- On 22 August 2024, UAE-based Emerging Travel Group formed a distribution partnership with Sabre Hospitality to integrate their platforms with Sabre's SynXis technology.
- Sabre launched Sabre Mosaic to enhance travel personalization and revenue generation.
- Sabre partnered with Bagtag to offer electronic bag tag solutions for SabreSonic Airline customers, aiming to streamline the check-in process and improve the traveler experience.
- Sabre announced the upcoming launch of Nuvola's integration with SynXis Retailing, automating ancillary and standalone offer fulfillment.
- Sabre launched SynXis Retailing's new feature, Standalone Offers, to help hotels retail anything related to trip spend.
- Sabre announced that Consolid México, the largest consolidator in Mexico and one of the largest in Latin America, launched NDC content distributed by Sabre, making Sabre the first GDS to provide NDC content through Consolid's online booking platform.
- On August 14, 2024, Levi & Korsinsky commenced an investigation into Sabre Corporation for possible violations of federal securities laws.
- Gregg Saretsky, a former member of the Sabre Corporation Board of Directors, resigned on August 12, 2024, after disclosing unauthorized assistance to a third party regarding their investment in a Sabre customer.
- Sabre Hospitality announced a partnership with Protect Group to integrate trip guarantee services into its SynXis Booking Engine.
- On September 5, Turkish Airlines left Sabre, but AJet is still using Sabre Red 360.
- Sabre's NeuraOps team won 1st place in the Sabre Polska internal AI Hackathon with their SRE Advisor product.
- Sabre is currently hiring for the position of Country Manager Japan, Airline Distribution in Japan.
- Erynn Torrenga has left Sabre as Head of Enterprise Sales - Hotel Operations - The Americas to join OpenKey as Vice President of Sales in the United States.
- Sabre Hospitality will present their retailing solutions to boost hotel revenue and customer loyalty at the Annual Hospitality Conference on September 30th and October 1st in Manchester.
- Air Serbia is using Sabre's next-gen offer optimization tools.
- Sabre's team won the presentation at GBTA in Atlanta, showcasing a new travel solution.
- Sabre migrated from Amazon Cloud to Google Cloud, saving millions of dollars.
- Sabre will present their predictive analytics engine at the Annual Hospitality Conference on September 30th in Manchester, led by Guy Barnes, Head of Sales - Europe.
- Richard Viner has joined Sabre as VP Global Sales & Marketing, focusing on corporate sales in the UK and Ireland.
- Robert Winkler, Vice President of Global Sales and Account Management at Sabre, promoted the GBTA Ladders Season 11 program for 2024-2025.
- Sabre is currently seeking a Lead Program Manager in Bahrain.
- SKY Airline has successfully transitioned to Sabre's SabreSonic Passenger Service System (PSS) and is now fully operational with the new platform.
- Sabre is currently hiring for the position of E-Commerce Customer Engagement Lead in Singapore.
- Sabre is currently hiring for the position of Principal Creative Design in England.
- Sabre is currently seeking a Head of Corporate Sales & Account Management in France.
- Sabre is currently hiring for the position of APAC Head of Demand - Lodging, Ground & Sea in Hong Kong.
- Sabre is currently hiring for the position of Regional Director NAM in the United States.
- Sabre is seeking a General Manager to lead its operations in Saudi Arabia.
- WorldVia Travel Quest Network supports Sabre GDS systems for their Auto-Ticketing and PRO Auto-Ticketing plans.
- Sabre revealed that the 2024 Summer Olympics in Paris spurred a 31% increase in international air travel to France's main Olympic host cities, with New York and Tokyo sending the most travelers.
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