Global travel technology leader Sabre Corporation reported its first quarter 2017 financial results this week.
Sabre president and CEO Sean Menke said Sabre got off to a solid start in the first quarter, with stronger than expected revenue growth. “The macro global travel environment was supportive of growth in travel, and helped drive strong bookings, passengers boarded and hotel transaction growth across our businesses in the quarter,” said Menke.
First quarter consolidated revenue increased 6.5% to $915.4 million, compared to $859.5 million the year prior. Airline and Hospitality Solutions revenue grew 8.2% to $258.0 million compared to $238.4 million for the same period in 2016. This was supported by 7.1% growth in passengers boarded and a strong increase in hotel transactions. Travel Network revenue increased 6.1% to $663.5 million, compared to $625.5 million for the same period in 2016, supported by robust bookings in all major regions of the world
Airline Solutions also had a number of new wins, including two SabreSonic passenger reservation wins – one at PAWA Dominicana, a Caribbean carrier, and one at new European startup Cobalt Air. LATAM Airlines also signed up for Sabre’s data-driven platform, Intelligence Exchange, while Thai Lion and Malaysia’s Malindo Airlines completed the implementation of Movement Manager.Date: May 10, 2017