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This statistic highlights Sabre Corp’s Revenue by Segment, split across Travel Solutions, Hospitality Solutions, and Airlines Solution, reported on a quarterly basis from Q1 2016 onwards.
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures are in millions, except percentages)
Sabre Corp’s Revenue by Segment increased $281.942 million in Q3 2020 to $445.532 million in Q3 2021, marking a rise of 58.02%% on a year-on-year basis. It increased by 5.04% compared to $424.136 million earned in Q2 2021.
In the third quarter of 2020, Sabre Corp completed a strategic realignment of its airline and agency-focused operations to address the shifting travel landscape and respond to the COVID-19 pandemic’s impact on their company and cost structure. They currently operate their operations and communicate their results across two business sectors as a result of the strategic realignment:
Sabre Corp’s Revenue by Segment is further bifurcated int0 the following segments:
Through a business-to-business travel marketplace that includes their global distribution system (“GDS”) and a broad set of solutions that integrate with the GDS to add value for travel suppliers and buyers, the Travel Solutions business provides global travel solutions for travel suppliers and buyers.
The company’s GDS makes travel easier by connecting inventory, prices, and availability from a large network of travel buyers, including online travel agencies (“OTAs”), offline travel agencies, travel management companies (“TMCs”), and corporate travel departments, with a large network of travel suppliers, such as airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators.
Additionally, the Travel Solutions business provides airlines and other travel suppliers with a broad portfolio of software technology products and solutions via software-as-a-service (“SaaS”) and hosted delivery models, as well as industry-leading and comprehensive software solutions that help build better market, sell, serve, and operate.
Reservation systems for full-cost and low-cost airlines, commercial and operations products, agency solutions, and data-driven intelligence solutions are among the product offerings. The company reservation systems combine intelligent decision support technologies that enable end-to-end retailing, distribution, and fulfillment, as well as operational effectiveness through the comprehensive airline, airport, and customer operations planning and management.
The commercial and operations products provide services to customers to help them get the most out of the goods and enhance the commercial and operations platforms. Sabre Corp stated on October 28, 2021, that they have reached an agreement with a third party to market its suite of flight and crew management and optimization products, which is part of Travel Solution’s IT Solutions and represents the AirCentre airline operations portfolio.
The major component, about 88% of the company’s total revenue, was made up of Travel solutions. Sabre Corp’s revenue owing to the Travel solutions segment increased from $237.018 million in Q3 2020 to $390.353 million in Q3 2021, indicating a rise of almost 65% on a year-on-year basis.
The Hospitality Solutions division provides software and solutions to hoteliers all around the world via SaaS and hosted delivery models. The SaaS solutions let hotels and hotel chains better manage pricing, reservations, and retail offerings across hundreds of distribution channels, all while improving the guest experience. In 177 countries, they serve approximately 42,000 properties.
Sabre Corp’s Revenue from the Hospitality solutions segment climbed from $44.924 million in Q3 2020 to $55.179 million in Q3 2021, marking an increase of 22.82% on a year-on-year basis.
About the Company
Sabre Corporation was incorporated in the state of Delaware in December of 2006. Sabre Corporation bought Sabre Holdings Corporation (“Sabre Holdings”), Sabre Corporation’s sole subsidiary, on March 30, 2007. Sabre GLBL Inc. is Sabre Holdings’ major operating company and sole direct subsidiary. All of Sabre GLBL’s operations are managed through its direct or indirect subsidiaries.
They’re a software and technology firm that helps the worldwide travel business run smoothly. They retail, distribute, and fulfill travel in collaboration with airlines, hotels, travel agencies, and other travel partners. In a complete travel marketplace, they connect the world’s largest travel suppliers with travel purchasers, including airlines, hotels, car rental companies, rail carriers, cruise lines, and tour operators.
Sabre Corp. also offers travel suppliers a comprehensive suite of leading software solutions, inclusive of airline and hotel reservation systems as well as high-value marketing and operations solutions such as airline crew schedule planning, re-accommodating passengers during irregular flight operations, and managing day-to-day hotel operations.
The company is traded at the NASDAQ under the ticker symbol SABR.
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