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Sabre (SABR) Marketplace to Offer Avianca Group's NDC Content
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Sabre Corporation (SABR - Free Report) recently announced that it is integrating the New Distribution Capability (“NDC”) content from Avianca Group into its global marketplace tools.
Avianca Group includes Avianca Airlines, Avianca Costa Rica, Avianca Ecuador and TACA International Airlines. With the latest agreement between the two companies, Avianca Group has become the first Latin American air carrier to distribute its NDC offers through Sabre's marketplace.
With this integration, Sabre-connected travel agents worldwide will be able to manage, shop and book unique NDC contents offered by Qatar Airways through the former’s Sabre Red 360 point-of-sale tool, corporate online booking tool — GetThere — as well as Sabre's Offer and Order APIs (application programming interfaces).
The Colombia-based airline group is integrating its NDC contents into Sabre’s marketplace in two phases – the first phase was started on Aug 1, and the second phase is slated to begin on Aug 15, which will cover more than 50 countries.
The recent collaboration reflects the reliability of SABR’s Beyond NDC Program and Global Distribution System (“GDS”) platform, which work like a marketplace connecting travel suppliers with buyers. This, in turn, is likely to aid the company in expanding its customer share in the Airlines Solutions segment.
The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Sabre is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has more than 425,000 agency partners globally.
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In July this year, the company announced that it integrated the NDC content from Finnair and Qatar Airways into its GDS.
In June this year, the company announced that the Turkey-based online travel marketplace company, Wingie Enuygun, entered a multi-year renewal of the GDS agreement to accelerate its international growth plans.
In the same month, Sabre strengthened its existing relationship with Hong Kong’s Cathay Pacific Airways by inking a new distribution agreement. Per the deal, Cathay Pacific will be utilizing Sabre’s NDC-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
Zacks Rank & Key Picks
Sabre currently carries a Zacks Rank #3 (Hold). Shares of SABR have increased 4.8% year to date (“YTD”).
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Cadence Design Systems' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 9.8%. Shares of CDNS have remained flat YTD.
The Zacks Consensus Estimate for Manhattan Associates' third-quarter 2022 earnings has been revised upward by a penny to 57 cents per share in the past 30 days. For 2022, earnings estimates have moved south by 18 cents to $2.38 per share in the past 30 days.
Manhattan Associates' earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 30.3%. Shares of MANH have plunged 4.6% YTD.
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Paylocity's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 50.9%. Shares of PCTY have soared 14.8% YTD.
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Sabre (SABR) Marketplace to Offer Avianca Group's NDC Content
Sabre Corporation (SABR - Free Report) recently announced that it is integrating the New Distribution Capability (“NDC”) content from Avianca Group into its global marketplace tools.
Avianca Group includes Avianca Airlines, Avianca Costa Rica, Avianca Ecuador and TACA International Airlines. With the latest agreement between the two companies, Avianca Group has become the first Latin American air carrier to distribute its NDC offers through Sabre's marketplace.
With this integration, Sabre-connected travel agents worldwide will be able to manage, shop and book unique NDC contents offered by Qatar Airways through the former’s Sabre Red 360 point-of-sale tool, corporate online booking tool — GetThere — as well as Sabre's Offer and Order APIs (application programming interfaces).
The Colombia-based airline group is integrating its NDC contents into Sabre’s marketplace in two phases – the first phase was started on Aug 1, and the second phase is slated to begin on Aug 15, which will cover more than 50 countries.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
The recent collaboration reflects the reliability of SABR’s Beyond NDC Program and Global Distribution System (“GDS”) platform, which work like a marketplace connecting travel suppliers with buyers. This, in turn, is likely to aid the company in expanding its customer share in the Airlines Solutions segment.
The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Sabre is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has more than 425,000 agency partners globally.
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. In July this year, the company announced that it integrated the NDC content from Finnair and Qatar Airways into its GDS.
In June this year, the company announced that the Turkey-based online travel marketplace company, Wingie Enuygun, entered a multi-year renewal of the GDS agreement to accelerate its international growth plans.
In the same month, Sabre strengthened its existing relationship with Hong Kong’s Cathay Pacific Airways by inking a new distribution agreement. Per the deal, Cathay Pacific will be utilizing Sabre’s NDC-enabled consistent end-to-end workflow solution to distribute offerings to worldwide travel agencies through Sabre’s travel marketplace.
Zacks Rank & Key Picks
Sabre currently carries a Zacks Rank #3 (Hold). Shares of SABR have increased 4.8% year to date (“YTD”).
Some better-ranked stocks worth considering from the broader technology sector are Cadence Design Systems (CDNS - Free Report) , Manhattan Associates (MANH - Free Report) and Paylocity (PCTY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Cadence Design Systems' third-quarter 2022 earnings has been revised upward by nine cents to 97 cents per share over the past 30 days. For 2022, earnings estimates have moved north by 5.7% to $4.11 per share in the past 30 days.
Cadence Design Systems' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 9.8%. Shares of CDNS have remained flat YTD.
The Zacks Consensus Estimate for Manhattan Associates' third-quarter 2022 earnings has been revised upward by a penny to 57 cents per share in the past 30 days. For 2022, earnings estimates have moved south by 18 cents to $2.38 per share in the past 30 days.
Manhattan Associates' earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 30.3%. Shares of MANH have plunged 4.6% YTD.
The Zacks Consensus Estimate for Paylocity's first-quarter fiscal 2023 earnings has been revised upward by four cents to 61 cents per share over the past seven days. For fiscal 2023, the Zacks Consensus Estimate for Paylocity's earnings has moved north by 46 cents to $3.58 per share in the past seven days.
Paylocity's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 50.9%. Shares of PCTY have soared 14.8% YTD.