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Sabre (SABR) Inks Distribution Agreement With THAI Smile
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Sabre Corporation (SABR - Free Report) recently entered into a new distribution agreement with the Bangkok-headquartered Thai Airways subsidiary, THAI Smile. With the implementation of the deal, the hybrid air carrier will be able to utilize Sabre’s Global Distribution System (“GDS”) platform to expand its footprint in new market segments, attracting new leisure and corporate travelers and accelerating revenue growth opportunities.
Sabre’s GDS is a New Distribution Capability (“NDC”)-enabled consistent end-to-end workflow solution, which works like a marketplace connecting travel suppliers with buyers. THAI Smile will use this platform to efficiently distribute flights, services and NDC content to the worldwide community of travel agencies, offering them increased options to choose from.
Per the deal, Sabre’s travel agents will now be able to shop, book and service international content from THAI Smile.
The recent collaboration bolsters THAI Smile’s global distribution strategy and reflects the reliability of Sabre’s Beyond NDC Program and the GDS platform. It is anticipated to support the company in expanding its customer share in the Travel Solutions segment. It is worth mentioning that currently, over 3,000 agencies are shopping, booking and servicing NDC content through Sabre’s GDS marketplace, and the company is involved with more than 25 airlines to distribute their NDC content.
With the full lifting of COVID restrictions in Thailand, Sabre is well-poised to capitalize on the Thai travel industry’s improving market scenario. Its Travel Solutions segment’s revenues totaled $603.6 million in the third quarter of 2022 compared with the year-ago quarter’s $390.4 million. This was primarily driven by a gradual recovery in global air and other bookings.
In October, Sabre entered a long-term, multi-faceted strategic partnership with BCD Travel to jointly invest and collaborate on new and advanced solutions that will help accelerate technology-driven evolution across the corporate travel ecosystem. The agreement is likely to increase BCD Travel’s booking levels with Sabre.
In the same month, Sabre signed a new agreement with the Japan-based MyStays Hotel Management. Per the deal, the travel tech company will enable the Asian hotelier to expand its global reach, attracting international and corporate guests, with Japan relaxing pandemic-induced travel restrictions.
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 over 425,000 agency partners worldwide.
Shares of SABR have slumped 54.7% in the past year.
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Sabre (SABR) Inks Distribution Agreement With THAI Smile
Sabre Corporation (SABR - Free Report) recently entered into a new distribution agreement with the Bangkok-headquartered Thai Airways subsidiary, THAI Smile. With the implementation of the deal, the hybrid air carrier will be able to utilize Sabre’s Global Distribution System (“GDS”) platform to expand its footprint in new market segments, attracting new leisure and corporate travelers and accelerating revenue growth opportunities.
Sabre’s GDS is a New Distribution Capability (“NDC”)-enabled consistent end-to-end workflow solution, which works like a marketplace connecting travel suppliers with buyers. THAI Smile will use this platform to efficiently distribute flights, services and NDC content to the worldwide community of travel agencies, offering them increased options to choose from.
Per the deal, Sabre’s travel agents will now be able to shop, book and service international content from THAI Smile.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
The recent collaboration bolsters THAI Smile’s global distribution strategy and reflects the reliability of Sabre’s Beyond NDC Program and the GDS platform. It is anticipated to support the company in expanding its customer share in the Travel Solutions segment. It is worth mentioning that currently, over 3,000 agencies are shopping, booking and servicing NDC content through Sabre’s GDS marketplace, and the company is involved with more than 25 airlines to distribute their NDC content.
With the full lifting of COVID restrictions in Thailand, Sabre is well-poised to capitalize on the Thai travel industry’s improving market scenario. Its Travel Solutions segment’s revenues totaled $603.6 million in the third quarter of 2022 compared with the year-ago quarter’s $390.4 million. This was primarily driven by a gradual recovery in global air and other bookings.
In October, Sabre entered a long-term, multi-faceted strategic partnership with BCD Travel to jointly invest and collaborate on new and advanced solutions that will help accelerate technology-driven evolution across the corporate travel ecosystem. The agreement is likely to increase BCD Travel’s booking levels with Sabre.
In the same month, Sabre signed a new agreement with the Japan-based MyStays Hotel Management. Per the deal, the travel tech company will enable the Asian hotelier to expand its global reach, attracting international and corporate guests, with Japan relaxing pandemic-induced travel restrictions.
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 over 425,000 agency partners worldwide.
Shares of SABR have slumped 54.7% in the past year.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Computer and Technology sector are Zscaler (ZS - Free Report) , Celestica (CLS - Free Report) and Okta (OKTA - Free Report) , each flaunting 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 Zscaler's first-quarter fiscal 2023 earnings has been revised 7 cents north to 26 cents per share over the past 60 days. For fiscal 2023, earnings estimates have moved north by 15 cents to $1.18 per share in the past 60 days.
ZS' earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 28.6%. Shares of the company have declined 66.5% in the past year.
The Zacks Consensus Estimate for Celestica’s fourth-quarter 2022 earnings has increased by 9 cents to 53 cents per share over the past 30 days. For 2022, earnings estimates have moved 16 cents up to $1.86 per share in the past 30 days.
CLS' earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 11.8%. Shares of the company have declined 3.3% in the past year.
The Zacks Consensus Estimate for Okta's third-quarter fiscal 2023 loss has been revised 3 cents northward to 24 cents per share over the past 90 days. For fiscal 2023, loss estimates have improved by 3 cents to 72 cents per share in the past 60 days.
OKTA’s earnings beat the Zacks Consensus Estimate in all the preceding four quarters, the average surprise being 45.5%. Shares of the company have plunged 81.6% in the past year.