Sabre
SABR
recently announced that it has entered into a partnership with Victoria-based travel tech company eRoam Travel Technology to develop new online business-to-business (“B2B”) and business-to-consumer (“B2C”) leisure travel solutions for agencies.
eRoam Travel Technology utilizes artificial intelligence (“AI”), peer to peer, travel data and machine learning capabilities to create complex itineraries for the travel sector. Its platform presents current travelers’ data to advise future travelers about ongoing trends and provides customized recommendations that are available for instant booking. The platform enables travelers to research, build and book travel itineraries in less than 20 seconds, offering a range of accommodation, transport and touring options based on their budget.
The latest collaboration will enable Sabre’s network of agencies to benefit from eRoam’s AI-enabled leisure travel platform, which has become Sabre’s latest Gold-Level Developer Partner. Through the partnership, eRoam is widening Sabre’s partner ecosystem by providing an AI-enabled leisure travel platform to Sabre’s network. The agencies will be able to create tailored packages quickly and efficiently and identify additional tours and activities to diversify and boost their revenues.
This deal will not only expand business opportunities for Sabre-connected agencies but also offer essential end-to-end traveler experiences.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart
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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. In January, Sabre entered into a multi-year preferred Global Distribution System (“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. Prior to 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.
In November, it inked a long-term partnership with the Hanover, Germany-based TUI Group to globally distribute the latter’s own hotel brands, including TUI Blue, Robinson and TUI Magic Life. Previously, Sabre entered a distribution partnership with Calafia Airlines to enable the distribution of flights and services to travel agencies in the United States through its travel marketplace, thus helping the airline accelerate revenue growth and expand its market reach.
Earlier in November, Sabre partnered with Japan-based Hotel Keihan Chain to create tourism opportunities in the country. Separately, it entered a distribution agreement with the second-largest hotel group in China, Huazhu Group, to expand the global reach for its upscale and luxury hotel brands and support the latter’s global growth strategy.
During the fourth quarter of fiscal 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 while the travel industry rebounded from pandemic blues.
However, Sabre’s Travel Network segment is prone 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 & Key Picks
Sabre currently carries a Zacks Rank #4 (Sell). Shares of SABR have declined 29.6% in the past year.
Some better-ranked stocks from the broader computer and technology sector are
Arrow Electronics
ARW
, currently sporting a Zacks Rank #1 (Strong Buy),
Axcelis Technologies
ACLS
and
Analog Devices
ADI
, both carrying a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank stocks here
.
The Zacks Consensus Estimate for Arrow Electronics’ first-quarter 2022 earnings has been revised upward by 28.7% to $4.53 per share over the past 60 days. For 2022, Arrow Electronics’ earnings estimates have moved north by 18.8% to $18.48 per share in the past 60 days.
ARW’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 19%. Shares of Arrow Electronics have decreased 0.8% in the past year.
The Zacks Consensus Estimate for Axcelis’ first-quarter 2022 earnings has been revised upward by 5 cents 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 risen 35.5% in the past year.
The Zacks Consensus Estimate for Analog Devices’ second-quarter fiscal 2022 earnings has been revised upward by 23 cents to $2.08 per share over the past 60 days. For fiscal 2022, earnings estimates have moved north by 79 cents to $8.32 per share in the past 60 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 1.1% in the past year.
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