Sabre reports increase in revenue, signs Visa partnership

Sabre reports increase in revenue, signs Visa partnership

Sabre has reported a 9.3 per cent increase in revenue, to $984 million, for the three months to June 30th.

The Texas-based company’s Travel Network distribution arm saw year-on-year booking volumes grow by 7.6 per cent to 122,864, while revenues up 13.2 per cent to $720 million.

At the same time the travel technology giant’s airline solutions division saw revenues decrease 2.4 per cent.

Sean Menke, Sabre chief executive, said: “Over the past 18 months, we’ve significantly strengthened our position as a trusted and innovative technology partner, while reinforcing our commitment to leading in next-generation technology across retailing, distribution and fulfilment across all channels.

ADVERTISEMENT

“The macro global travel environment was supportive, and as a leader at the centre of the business of travel, we benefitted.

“We saw strong share gain at Travel Network and wrapped up large implementations including SabreSonic at LATAM and the SynXis central reservation System at Wyndham, the world’s largest hotelier.”

Overall adjusted operating income decreased marginally by 0.3 per cent to $172 million for the quarter, while adjusted earnings per share grew 5.7 per cent to $0.37.

Adjusted gross profit was up 1.4 per cent to $374 million.

Visa

Also announced earlier, Visa has partnered with Sabre that will see the travel technology firm use the payment specialist’s Cybersource payment management platform to bring an integrated reservation and fraud management solution to airlines, hotels, travel agencies and other organisations.

With Cybersource, Sabre says it will be able to provide a full suite of payment acceptance, fraud management and authentication services to its customers.

Fernando Souza, vice president of global merchant travel solutions at Visa, said: “As the traveller journey becomes increasingly more digital, a fast, secure payment experience across channels and enabled on multiple devices is vital for success.

“Today, 26 of the world’s top 50 airlines globally already rely on Cybersource solutions for payment management and we look forward to working with Sabre to expand digital payment acceptance and more efficiently protect their travel organisations worldwide.”

One solution available through Cybersource is Decision Manager, which helps travel companies identify fraud more accurately and with less manual intervention.

Users can also utilise payment acceptance features, one of which connects approximately 120 acquirers in more than 190 countries and in over 50 currencies.

They will also be able to deploy new and emerging digital payments options for their customers, including Visa Checkout.