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Sabre (SABR) to Offer Travel Solutions to Bear Luxe Japan
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Sabre (SABR - Free Report) recently announced that it has signed a new agreement with Tokyo-based luxury travel platform, Bear Luxe Japan, to improve international travel market connectivity among Japanese luxury hoteliers and create elevated traveler experiences.
Bear Luxe Japan is a network of luxury travel designers and suppliers operating in Japan. It gives the global travel market access to authentic Japanese traditions and culture. The platform bridges the gap between international clients and independent Japanese travel services by offering a one-stop window for tailor-made journeys, meetings & events, accommodation, transportation, custom experiences, negotiations, reservations and payments.
Sabre's SynXis hospitality solutions will enable Bear Luxe member hoteliers to boost their international reach to the luxury travel market and to the channels utilized by high-end travelers to book luxury trips to Japan. This will allow the luxury travel platform to deliver tailored travel experiences while driving growth in bookings through Sabre's SynXis Booking Engine solution. It will enhance Bear Luxe's corporate traveler turnout through Sabre's portfolio of corporate booking solutions.
The latest agreement will expand Sabre's presence in Japan by ensuring that the Bear Luxe hospitality members get linked to thousands of global travel agents through Sabre's Global Distribution System ("GDS") solutions. Sabre's SynXis Voice Agent will improve the call center experience for the travelers by reducing call handling times for the Bear Luxe agents and increasing ancillary sale opportunities for them.
Sabre has its customer base spread over 160 nations with more than 425,000 agency partners globally. It is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
The company has been winning consecutive deals from major global airlines, hoteliers and travel agencies of late. Recently, Sabre partnered with Victoria-based eRoam Travel Technology to develop new online business-to-business and business-to-consumer leisure travel solutions for agencies.
Prior to that, in January, Sabre entered into a multi-year preferred GDS agreement with one of the largest travel agencies in Colombia, Aviatur, to support its growth plans, transform its business, and increase efficiencies.
In December 2021, Belgrade-based Air Serbia implemented Sabre's Dynamic Availability software to actively respond to evolving conditions with optimized pricing information. Before that, the company signed a partnership with Gran Colombia de Aviación (GCA Airlines) to power the carrier's future revenue growth while reaching new market segments.
In the same month, Sabre entered a long-term, multi-faceted strategic partnership with American Express Global Business Travel focused on developing technologies that will enable the future of corporate travel distribution.
During the fourth quarter of 2021, the company's Travel Solutions segment revenues amounted to $450.9 million compared with $275.8 million in the year-ago quarter. This was primarily driven by a gradual recovery in global air and other bookings as the travel industry rebounded from pandemic blues.
However, Sabre's Travel Network segment is susceptible to pricing pressure from travel suppliers. The stiff competition in the industry increases pricing pressure, given the availability of several alternative solution providers.
Zacks Rank & Other Key Picks
Sabre currently has a Zacks Rank #4 (Sell). Shares of SABR have declined 29.5% in the past year.
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ON Semiconductor's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 16.3%. Shares of ON have rallied 23.4% in the past year.
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Sabre (SABR) to Offer Travel Solutions to Bear Luxe Japan
Sabre (SABR - Free Report) recently announced that it has signed a new agreement with Tokyo-based luxury travel platform, Bear Luxe Japan, to improve international travel market connectivity among Japanese luxury hoteliers and create elevated traveler experiences.
Bear Luxe Japan is a network of luxury travel designers and suppliers operating in Japan. It gives the global travel market access to authentic Japanese traditions and culture. The platform bridges the gap between international clients and independent Japanese travel services by offering a one-stop window for tailor-made journeys, meetings & events, accommodation, transportation, custom experiences, negotiations, reservations and payments.
Sabre's SynXis hospitality solutions will enable Bear Luxe member hoteliers to boost their international reach to the luxury travel market and to the channels utilized by high-end travelers to book luxury trips to Japan. This will allow the luxury travel platform to deliver tailored travel experiences while driving growth in bookings through Sabre's SynXis Booking Engine solution. It will enhance Bear Luxe's corporate traveler turnout through Sabre's portfolio of corporate booking solutions.
The latest agreement will expand Sabre's presence in Japan by ensuring that the Bear Luxe hospitality members get linked to thousands of global travel agents through Sabre's Global Distribution System ("GDS") solutions. Sabre's SynXis Voice Agent will improve the call center experience for the travelers by reducing call handling times for the Bear Luxe agents and increasing ancillary sale opportunities for them.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
Sabre has its customer base spread over 160 nations with more than 425,000 agency partners globally. It is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually.
The company has been winning consecutive deals from major global airlines, hoteliers and travel agencies of late. Recently, Sabre partnered with Victoria-based eRoam Travel Technology to develop new online business-to-business and business-to-consumer leisure travel solutions for agencies.
Prior to that, in January, Sabre entered into a multi-year preferred GDS agreement with one of the largest travel agencies in Colombia, Aviatur, to support its growth plans, transform its business, and increase efficiencies.
In December 2021, Belgrade-based Air Serbia implemented Sabre's Dynamic Availability software to actively respond to evolving conditions with optimized pricing information. Before that, the company signed a partnership with Gran Colombia de Aviación (GCA Airlines) to power the carrier's future revenue growth while reaching new market segments.
In the same month, Sabre entered a long-term, multi-faceted strategic partnership with American Express Global Business Travel focused on developing technologies that will enable the future of corporate travel distribution.
During the fourth quarter of 2021, the company's Travel Solutions segment revenues amounted to $450.9 million compared with $275.8 million in the year-ago quarter. This was primarily driven by a gradual recovery in global air and other bookings as the travel industry rebounded from pandemic blues.
However, Sabre's Travel Network segment is susceptible to pricing pressure from travel suppliers. The stiff competition in the industry increases pricing pressure, given the availability of several alternative solution providers.
Zacks Rank & Other Key Picks
Sabre currently has a Zacks Rank #4 (Sell). Shares of SABR have declined 29.5% in the past year.
Some better-ranked stocks from the broader computer and technology sector are ON Semiconductor (ON - Free Report) , sporting a Zacks Rank #1 (Strong Buy), Axcelis Technologies (ACLS - Free Report) and Analog Devices (ADI - Free Report) , both carrying a Zacks Rank of 2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ON Semiconductor's first-quarter 2022 earnings has been revised upward by 22 cents to $1.04 per share over the past 60 days. For 2022, earnings estimates have moved 26.8% north to $4.16 per share in the past 60 days.
ON Semiconductor's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 16.3%. Shares of ON have rallied 23.4% in the past year.
The Zacks Consensus Estimate for Axcelis' first-quarter 2022 earnings has been revised 5 cents upward to 92 cents per share over the past 60 days. For 2022, Axcelis' earnings estimates have moved north by 12.4% to $3.99 per share in the past 60 days.
Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 30.3%. Shares of ACLS have surged 31.3% in the past year.
The Zacks Consensus Estimate for Analog Devices' second-quarter fiscal 2022 earnings has been revised upward by 4 cents to $2.12 per share over the past seven days. For fiscal 2022, earnings estimates have moved north by 11 cents to $8.43 per share in the past seven days.
Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 6%. Shares of ADI have fallen 3.1% in the past year.