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Sabre (SABR) Boosts Hospitality Portfolio With Techsembly
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Sabre Corporation (SABR - Free Report) recently announced that it has acquired the London-based hospitality e-commerce solution provider, Techsembly. The financial terms of the deal haven’t been disclosed.
Techsembly offers hotels a fully automated e-commerce solution that allows them to manage multiple online property stores across the world, products and logistics from a single platform. The company also supports hotels in configuring, selling and fulfilling global gift cards.
Apart from London, it has offices in Singapore and Hong Kong. Sabre claims that Techsembly has a strong presence in the luxury hotel segment and enjoys a growing customer base.
The travel technology provider has integrated Techsembly’s e-commerce marketplace and gift card capabilities with its SynXis Retail Studio solution. The integration will allow hoteliers to manage and retail multiple sites and products from a single platform, thereby helping them provide a better guest experience and generate additional revenues.
The buyout will be a strategic fit for Sabre as Techsembly’s e-commerce marketplace and gift card capabilities will complement Sabre's existing Hospitality Solutions segment. The tech company will improve its hospitality retailing and merchandising strategy and broaden its property and operation abilities through this move.
In 2022, Sabre enhanced its Hospitality Solutions portfolio by acquiring the Florida-based Nuvola — a single-destination, cloud-based platform providing service optimization software to the hospitality industry. Nuvola's hotel task management and operational capabilities drive the on-property efficiencies of hoteliers, enabling them to broaden their offerings through Sabre's comprehensive retailing, merchandising and fulfillment capabilities.
In the first quarter of 2023, SABR’s Hospitality Solutions segment revenues totaled $73.8 million compared with the year-ago quarter’s $56 million. This upside was mainly fueled by the increase in central reservation system transactions, which rose 20.4% to $27.7 million.
Sabre has more than 425,000 travel agency partners worldwide at present and has its customer base spread in more than 160 nations globally. The company provides one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
Zacks Rank & Other Stocks to Consider
Sabre currently carries a Zacks Rank #2 (Buy). The stock has rallied 34.2% year to date (YTD).
The Zacks Consensus Estimate for Salesforce's second-quarter fiscal 2024 earnings has been revised upward by a penny to $1.90 per share for the past 30 days. For fiscal 2024, earnings estimates have moved upward by a couple of cents to $7.44 per share in the past 30 days.
Salesforce's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 15.5%. Shares of CRM have soared 60.1% YTD.
The Zacks Consensus Estimate for Meta's second-quarter 2023 earnings has been revised 3 cents southward to $2.82 per share in the past 30 days. For 2023, earnings estimates have decreased by 10 cents to $11.94 per share in the past 30 days.
Meta’s earnings beat the Zacks Consensus Estimate twice in the preceding four quarters while missing the same on two occasions, the average surprise being 15.5%. Shares of META have surged 137.1% YTD.
The Zacks Consensus Estimate for Blackbaud’s second-quarter 2023 earnings has been revised by a couple of cents northward to 93 cents per share in the past 60 days. For 2023, earnings estimates have increased to $3.75 per share from $3.68 60 days ago.
Blackbaud's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 10.4%. Shares of BLKB have rallied 16.8 % YTD.
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Sabre (SABR) Boosts Hospitality Portfolio With Techsembly
Sabre Corporation (SABR - Free Report) recently announced that it has acquired the London-based hospitality e-commerce solution provider, Techsembly. The financial terms of the deal haven’t been disclosed.
Techsembly offers hotels a fully automated e-commerce solution that allows them to manage multiple online property stores across the world, products and logistics from a single platform. The company also supports hotels in configuring, selling and fulfilling global gift cards.
Apart from London, it has offices in Singapore and Hong Kong. Sabre claims that Techsembly has a strong presence in the luxury hotel segment and enjoys a growing customer base.
The travel technology provider has integrated Techsembly’s e-commerce marketplace and gift card capabilities with its SynXis Retail Studio solution. The integration will allow hoteliers to manage and retail multiple sites and products from a single platform, thereby helping them provide a better guest experience and generate additional revenues.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
The buyout will be a strategic fit for Sabre as Techsembly’s e-commerce marketplace and gift card capabilities will complement Sabre's existing Hospitality Solutions segment. The tech company will improve its hospitality retailing and merchandising strategy and broaden its property and operation abilities through this move.
In 2022, Sabre enhanced its Hospitality Solutions portfolio by acquiring the Florida-based Nuvola — a single-destination, cloud-based platform providing service optimization software to the hospitality industry. Nuvola's hotel task management and operational capabilities drive the on-property efficiencies of hoteliers, enabling them to broaden their offerings through Sabre's comprehensive retailing, merchandising and fulfillment capabilities.
In the first quarter of 2023, SABR’s Hospitality Solutions segment revenues totaled $73.8 million compared with the year-ago quarter’s $56 million. This upside was mainly fueled by the increase in central reservation system transactions, which rose 20.4% to $27.7 million.
Sabre has more than 425,000 travel agency partners worldwide at present and has its customer base spread in more than 160 nations globally. The company provides one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
Zacks Rank & Other Stocks to Consider
Sabre currently carries a Zacks Rank #2 (Buy). The stock has rallied 34.2% year to date (YTD).
Some other top-ranked stocks from the broader technology sector are Salesforce (CRM - Free Report) , Meta Platforms (META - Free Report) and Blackbaud (BLKB - Free Report) . Salesforce and Meta each sport a Zacks Rank #1 (Strong Buy), while Blackbaud carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Salesforce's second-quarter fiscal 2024 earnings has been revised upward by a penny to $1.90 per share for the past 30 days. For fiscal 2024, earnings estimates have moved upward by a couple of cents to $7.44 per share in the past 30 days.
Salesforce's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 15.5%. Shares of CRM have soared 60.1% YTD.
The Zacks Consensus Estimate for Meta's second-quarter 2023 earnings has been revised 3 cents southward to $2.82 per share in the past 30 days. For 2023, earnings estimates have decreased by 10 cents to $11.94 per share in the past 30 days.
Meta’s earnings beat the Zacks Consensus Estimate twice in the preceding four quarters while missing the same on two occasions, the average surprise being 15.5%. Shares of META have surged 137.1% YTD.
The Zacks Consensus Estimate for Blackbaud’s second-quarter 2023 earnings has been revised by a couple of cents northward to 93 cents per share in the past 60 days. For 2023, earnings estimates have increased to $3.75 per share from $3.68 60 days ago.
Blackbaud's earnings beat the Zacks Consensus Estimate in the preceding four quarters, the average surprise being 10.4%. Shares of BLKB have rallied 16.8 % YTD.