Sabre describes itself as a ‘different company today’

The company has reported gains across both its travel and hospitality solutions business units in the third quarter of 2024

Nov 6, 2024

Travel Solutions revenue rose by 3% to $691 million, driven by an uptick in air, hotel, and other travel bookings. Distribution revenue increased 5% to $551 million, supported by a rise in bookings and a higher average booking fee.

Key takeaways

• IT Solutions: Revenue for the IT Solutions segment declined by 5% to $140 million, largely due to de-migrations. However, this was partially mitigated by an increase in boarded passengers and additional revenue streams;
• Hospitality Solutions: Hospitality Solutions revenue rose by $5 million, reaching $84 million. This growth was attributed to a favorable customer mix and increased central reservation system transactions, spurred by new customer deployments. Central reservation system transactions climbed 2% to $35 million.

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