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Sabre (SABR) Partners With Travel Risk Management Firm GOPASS
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Sabre Corporation (SABR - Free Report) recently announced partnering with travel risk management firm — GOPASS Global — in a move to provide pandemic-related biosecurity risk analytics capabilities to the travel industry.
GOPASS’s Travel Risk Optimizer tool calculates risk scores of each travel option after taking account of arrival and exit restrictions, airports, airline and aircraft type, seat class, flight routes and transit, travel advisories,local infection rates, and government policies and data reliability.
Sabre noted that GOPASS' Travel Risk Optimizer tool will be integrated into its Developer Partner platform, which will rate each booking option on a scale of one to 10 for risks stemming from the pandemic. With this integration, travel agents within Sabre's global distribution system would be able to see the biosecurity risk of each travel option, thereby, being able to better advise their customers.
Notably, Sabre has been very proactive about upgrading its technology to address the changing demands of the travel market and support the recovery of the travel industry from the blows of the pandemic. This is driving the company’s customer loyalty and expanding the customer base.
The rising traction of Sabre’s travel network solutions among airlines and travel-related services providing companies is likely to help it stay afloat amid the current uncertain environment.
This April, Sabre inked an agreement with JetBlue Airways Corporation (JBLU - Free Report) , wherein the former will assist in the latter’s successful technology migration to Sabre’s Revenue Optimizer solution.
In the same month, Sabre announced that its 25-year partnership with Kanoo Travel has been extended with a new multi-year deal, per which the latter will leverage the technology and solutions of the former to support its operations.
In March, the company expanded its partnership with Singapore Airlines, in a bid to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content through the KrisConnect program, under Sabre’s global distribution system (GDS).
Last December, Sabre signed an agreement with the Lufthansa Group airlines to continue distributing the latter’s content to travel agencies and corporate travel departments through its GDS. With the help of Sabre’s NDC technology solution, Lufthansa Group airlines can personalize retailing by providing customized price offers to travel buyers.
The steady announcements of partnerships and other technological enhancements reflect that global tour and travel agencies are preparing for the post-pandemic era. Furthermore, a number of countries are gradually reopening their economies. This would steadily fuel travel demand in the near future, which is encouraging for Sabre.
The long-term earnings growth rate for Lam Research and Facebook is currently pegged at 32.8% and 20.1%, respectively.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create ""the world's first trillionaires."" Zacks' urgent special report reveals 3 AI picks investors need to know about today.
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Sabre (SABR) Partners With Travel Risk Management Firm GOPASS
Sabre Corporation (SABR - Free Report) recently announced partnering with travel risk management firm — GOPASS Global — in a move to provide pandemic-related biosecurity risk analytics capabilities to the travel industry.
GOPASS’s Travel Risk Optimizer tool calculates risk scores of each travel option after taking account of arrival and exit restrictions, airports, airline and aircraft type, seat class, flight routes and transit, travel advisories,local infection rates, and government policies and data reliability.
Sabre noted that GOPASS' Travel Risk Optimizer tool will be integrated into its Developer Partner platform, which will rate each booking option on a scale of one to 10 for risks stemming from the pandemic. With this integration, travel agents within Sabre's global distribution system would be able to see the biosecurity risk of each travel option, thereby, being able to better advise their customers.
Notably, Sabre has been very proactive about upgrading its technology to address the changing demands of the travel market and support the recovery of the travel industry from the blows of the pandemic. This is driving the company’s customer loyalty and expanding the customer base.
Sabre Corporation Price
Sabre Corporation price | Sabre Corporation Quote
The rising traction of Sabre’s travel network solutions among airlines and travel-related services providing companies is likely to help it stay afloat amid the current uncertain environment.
This April, Sabre inked an agreement with JetBlue Airways Corporation (JBLU - Free Report) , wherein the former will assist in the latter’s successful technology migration to Sabre’s Revenue Optimizer solution.
In the same month, Sabre announced that its 25-year partnership with Kanoo Travel has been extended with a new multi-year deal, per which the latter will leverage the technology and solutions of the former to support its operations.
In March, the company expanded its partnership with Singapore Airlines, in a bid to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content through the KrisConnect program, under Sabre’s global distribution system (GDS).
Last December, Sabre signed an agreement with the Lufthansa Group airlines to continue distributing the latter’s content to travel agencies and corporate travel departments through its GDS. With the help of Sabre’s NDC technology solution, Lufthansa Group airlines can personalize retailing by providing customized price offers to travel buyers.
The steady announcements of partnerships and other technological enhancements reflect that global tour and travel agencies are preparing for the post-pandemic era. Furthermore, a number of countries are gradually reopening their economies. This would steadily fuel travel demand in the near future, which is encouraging for Sabre.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank #4 (Sell).
Better-ranked stocks in the broader technology sector include Lam Research Corporation (LRCX - Free Report) and Facebook , both sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term earnings growth rate for Lam Research and Facebook is currently pegged at 32.8% and 20.1%, respectively.
Zacks' Top Picks to Cash in on Artificial Intelligence
In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create ""the world's first trillionaires."" Zacks' urgent special report reveals 3 AI picks investors need to know about today.
See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>