We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sabre Teams Up with Singapore Airlines to Expand NDC Efforts
Read MoreHide Full Article
Sabre Corporation (SABR - Free Report) recently collaborated with Singapore Airlines to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content from Singapore Airlines. The provision takes effect from November 2019.
Singapore Airlines has been part of Sabre’s Beyond NDC program since 2018. Notably, this partnership extends the NDC program, KrisConnect, expanding digital distribution capabilities of both companies.
With this partnership, Sabre agencies will gain access to a wider range of fares and improved shopping experience.
Sabre is banking on key partnerships to enhance its Airlines segment. It is taking a collaborative approach to deliver next-generation retailing experience through its airline clients.
Notably, in June, the company announced that it has collaborated with marketing technology company, Cheetah Digital, to add loyalty management capabilities to its comprehensive offerings.
In the preceding month, Sabre announced a long-term agreement with Vietnam Airlines, which adopted the Sabre AirVision In-Flight solution. In the same month, the company also renewed its partnership with Polish carrier, LOT.
Moreover, in April, the company launched its first set of NDC APIs with United Airlines and next-generation shopping solutions, which are expected to be key growth drivers in the long haul.
Also, Delta Air Lines joined Sabre’s Beyond NDC program this March and is working with the company on its newly-announced Next Generation Storefront.
Such initiatives helped Sabre become a certified IATA ONE Order Capable for air flight transaction as an order management system and delivery provider, making it the first passenger service system to receive this certification.
Notably, the company’s customer centricity and continued efforts to enhance client experience have helped it witness consistent revenue growth since its initial public offering in 2014. We, therefore, believe that continued collaborations and extended partnerships will help the company boost its profitable Airline Solutions business.
Notably, in the last reported quarter, the company’s Airline Solutions revenues came in at $211.8 million, increasing 3.4% from the year-ago quarter.
Booming Travel Industry Bodes Well
The global tourism industry is thriving on the back of technological progress, which is allowing greater exposure and access to previously inaccessible destinations. More efficient worldwide communication links, such as motorways, railways and air travel, are leading to faster and cheaper travel.
Per Research Nester, the global tourism industry is anticipated to hit $11.38 trillion (10% of global GDP) by 2025. Moreover, total spending on the global travel and tourism sector is anticipated to surge to $1.34 trillion in 2025.
This projection spells good news for Sabre, which is constantly boosting its efforts in this space.
Long-term earnings growth rate for LogMeIn, Anixter and Perficient is currently pegged at 5%, 8% and 10.8%, respectively.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
Sabre Teams Up with Singapore Airlines to Expand NDC Efforts
Sabre Corporation (SABR - Free Report) recently collaborated with Singapore Airlines to enable select Sabre-connected travel agents in Singapore to book unique NDC (New Distribution Capability) content from Singapore Airlines. The provision takes effect from November 2019.
Singapore Airlines has been part of Sabre’s Beyond NDC program since 2018. Notably, this partnership extends the NDC program, KrisConnect, expanding digital distribution capabilities of both companies.
With this partnership, Sabre agencies will gain access to a wider range of fares and improved shopping experience.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
Partnerships to Boost Airline Solutions Business
Sabre is banking on key partnerships to enhance its Airlines segment. It is taking a collaborative approach to deliver next-generation retailing experience through its airline clients.
Notably, in June, the company announced that it has collaborated with marketing technology company, Cheetah Digital, to add loyalty management capabilities to its comprehensive offerings.
In the preceding month, Sabre announced a long-term agreement with Vietnam Airlines, which adopted the Sabre AirVision In-Flight solution. In the same month, the company also renewed its partnership with Polish carrier, LOT.
Moreover, in April, the company launched its first set of NDC APIs with United Airlines and next-generation shopping solutions, which are expected to be key growth drivers in the long haul.
Also, Delta Air Lines joined Sabre’s Beyond NDC program this March and is working with the company on its newly-announced Next Generation Storefront.
Such initiatives helped Sabre become a certified IATA ONE Order Capable for air flight transaction as an order management system and delivery provider, making it the first passenger service system to receive this certification.
Notably, the company’s customer centricity and continued efforts to enhance client experience have helped it witness consistent revenue growth since its initial public offering in 2014. We, therefore, believe that continued collaborations and extended partnerships will help the company boost its profitable Airline Solutions business.
Notably, in the last reported quarter, the company’s Airline Solutions revenues came in at $211.8 million, increasing 3.4% from the year-ago quarter.
Booming Travel Industry Bodes Well
The global tourism industry is thriving on the back of technological progress, which is allowing greater exposure and access to previously inaccessible destinations. More efficient worldwide communication links, such as motorways, railways and air travel, are leading to faster and cheaper travel.
Per Research Nester, the global tourism industry is anticipated to hit $11.38 trillion (10% of global GDP) by 2025. Moreover, total spending on the global travel and tourism sector is anticipated to surge to $1.34 trillion in 2025.
This projection spells good news for Sabre, which is constantly boosting its efforts in this space.
Zacks Rank & Key Picks
Sabre currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader technology sector are LogMeIn , Anixter International and Perficient (PRFT - Free Report) , each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth rate for LogMeIn, Anixter and Perficient is currently pegged at 5%, 8% and 10.8%, respectively.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.6% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>