Sabre Corp Stock Price, News & Analysis

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.

Sabre Corporation will host a live webcast of its Q3 2022 earnings conference call on November 2, 2022, at 9:00 a.m. ET. The event will discuss financial results and provide a forward outlook. Investors can access the webcast through the Investor Relations section of Sabre's website.

Sabre operates a leading technology platform for the global travel industry, managing over $260 billion in travel spend annually and serving customers in more than 160 countries.

Sabre Corporation (NASDAQ: SABR) has announced the election of Rachel Gonzalez to its board of directors, effective October 20, 2022. Gonzalez, a former executive at Sabre, brings extensive business, legal, and governance expertise. She previously served as executive vice president and general counsel at Starbucks, overseeing legal affairs and compliance. Her election increases Sabre's board size to 11 directors. CEO Sean Menke expressed enthusiasm for Gonzalez's return, highlighting her unique insights and experience from her previous tenure at the company.

Sabre Corporation (NASDAQ: SABR) has declared a $1.625 per share dividend on its 6.50% Series A Mandatory Convertible Preferred Stock. This dividend will be payable on December 1, 2022 to shareholders recorded as of the close of business on November 15, 2022. Sabre operates in the global travel industry, providing technology solutions that manage more than $260B in travel spend annually, serving clients in over 160 countries.

Sabre Corporation (SABR) announced the renewal of its multi-year distribution agreement with United Airlines on October 13, 2022. This long-term pact ensures that travel agents connected to Sabre will continue to access United's content globally. The agreement also supports United's modern retailing vision through NDC-enabled capabilities and enhances the airline's reach in Sabre's global network. Sabre's technology will help United in efficiently catering to travel buyers while meeting their needs for streamlined workflows and transparency.

Sabre Corporation (NASDAQ: SABR) has announced a strategic long-term agreement with Nairobi-based SABRON Tech Ltd to enhance its presence in East Africa. This partnership combines SABRON's regional expertise with Sabre's technology, allowing the distribution of Sabre's solutions in Kenya, Tanzania, and Uganda. The collaboration aims to optimize revenue for travel agencies as the industry recovers from pandemic impacts. Sabre's services include the intuitive Sabre Red 360 interface, which helps deliver personalized offers to travelers, facilitating growth in the East African travel sector.

Sabre Corporation (NASDAQ: SABR) announced an extended distribution agreement with Vietnam Airlines, reinforcing their long-standing partnership. This agreement allows Vietnam Airlines to distribute content through Sabre's global travel marketplace, enhancing its reach among travel agents. Vietnam Airlines utilizes Sabre's comprehensive technology solutions, including PSS and revenue optimization tools, to improve service delivery and efficiency. The collaboration aims to support Vietnam's recovery in tourism and is pivotal for the country's aviation market as it seeks to revive international travel.