October 19, 2018
Experience is key for the hotels of the future
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Sabre reported strong second-quarter financial results, with a 9.3% increase in revenue from $900.7 million to $984.4 million, largely attributed to growth in its Travel Network business.
Travel Network revenue grew 13.2%, to $719.7 million. The Travel Network includes the GDS business.
Sabre said global bookings increased 7.6% in the quarter, largely spurred by 23.5% growth in the Asia-Pacific region after Sabre completed its conversion of Flight Centre Travel Group. In North America, bookings increased 5%, which CEO Sean Menke attributed to the strength of brick-and-mortar agencies, particularly travel management companies.
During the call discussing Sabre's financial results, several analysts asked about the company's recent announcement that it will make Booking.com's 28 million listings available in the GDS later this year. Menke said it is part of Sabre's effort to get more sources of aggregated content, including alternative accommodations, into the GDS. He said agents are looking for "more and more content."
Get the full story at Travel Weekly
Read also "Sabre adding Booking.com hotel content", "Sabre sees gains after tech investment turnaround" at Skift and "Amadeus sees improved half-year"
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