Sabre weathers Q3 storms, aided by growth in EMEA, APAC
Nov 01, 2017
Sabre Travel Network, the company’s GDS business, lost 1.3 million bookings to Irma and Maria in Texas and the Southeastern U.S., but bookings growth of 16% in the EMEA region and 10.8% in Asia-Pacific went a long way toward offsetting the loss.
Momentum in the Asia-Pacific region is expected to continue as the full benefit of a major agency win, Australia-based Flight Centre, is realized.
Revenue for Travel Network increased 8.6%, to $632 million. Total bookings increased 3.2%, to 129.8 million.
In a conference call with investment analysts to discuss the results, Sabre chief executive Sean Menke continued to claim the role of flag-bearer for the industry’s transition to NDC.
Get the full story at Tnooz
