About Sabre Glbl Inc.
Technology powers Sabre to operate in the travel and tourism industry. The company provides software and services to connect travel suppliers -- such as airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators with travel buyers through one central marketplace. Sabre Travel Network is used by more than 400,000 travel professionals globally to book airline tickets, rental cars, hotel rooms, and vacation packages. The company also provides software and solutions, through software-as-a-service, and hosted delivery model, to airlines and other travel suppliers. More than 30% of the company's sales arise from customers outside the US.
Sabre operates three business segments: Travel Network, Airline Solutions, and Hospitality Solutions.
The Travel Network division, which generates more than 70% of the company's total revenue, is a global B2B travel marketplace that connects travel suppliers (including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators) to a large network of travel buyers (such as online and offline travel agencies, travel management companies, and corporate travel departments).
The Airline Solutions segment accounts over 20% of revenue, offers software technology products and solutions, through software-as-a-service and hosted delivery model, to airlines and other travel suppliers. The company offer airline software solutions in four functional platforms: the Sabre Commercial Platform; Sabre AirCentre Operations Platform; Intelligence Exchange Data & Analytics Platform; and Radixx Platform.
The company's Hospitality Solutions business provides software and solutions, through SaaS and hosted delivery models, to hoteliers around the world. This segment generates over 5% of company's total revenue.
Sabre operational footprint spans in about 95 locations in nearly 50 countries. Aside from its worldwide headquarters in Southlake, Texas, Sabre also has head offices in London and Singapore. It has around 10 additional offices across North America and more than five across Latin America. Overall, Sabre has customers in about 175 countries across, North America, Europe, Middle East, Africa, Latin America, and the Asia/Pacific region.
Sales and Marketing
Sabre's diverse customer base consists of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines, tour operators and a large network of travel buyers, including online and offline travel agencies, travel management companies, corporate travel departments, hybrid and low-cost carriers, global and regional network carriers, and other customers such as airports, aviation fleets, governments, and tourism boards.
The company also offer travel suppliers software solutions, ranging from airline and hotel reservations systems to high-value marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations.
Advertising expenses were $19 million, $19 million and $18 million for the fiscal year 2019, 2018 and 2017, respectively.
The company's revenue increased by $108.0 million to $4.0 billion in 2019 from $3.9 billion in the prior year. Revenue increased $76 million, or 3%, for the year ended December 31, 2019 compared to the prior year, primarily due to an increase in transaction-based revenue of $75 million to $2.7 billion.
Net income at fiscal 2019 decreased by $178.9 million to $158.6 million from $337.5 million in prior year. The fall was due to the great increase on their cost of revenue.
Cash held by the company at the end of 2019 decreased by $73.1 million to $436.2 million compared to $509.3 million in 2018. Cash provided by operations was $581.3 million while cash used for investing and financing activities were $243.0 million and $409.7 million, respectively.
Sabre connect people and places with technology that reimagines the business of travel. The key elements of their strategy include:
First, developing innovative technology products through investment of significant resources in solutions that address key customer needs in the areas of retailing, distribution, and fulfillment of travel and related products, such as reservations systems, retailing and merchandising solutions, planning and optimization solutions, mobile capabilities, data analytics, and business intelligence solutions.
Second, pursuing new supplier customers seeking distribution of content and agencies, as well as corporations representing buyers of content in their marketplace in Travel Network. In addition, the company continue to pursue new customers for their Airline Solutions and Hospitality Solutions businesses.
Third, transforming the security, stability, and health of our technology, with the goal of connecting people to experiences that enrich their lives.
Last, Strengthening relationships with existing customers, including promoting the adoption of their products within and across their existing customers, to help enable them to operate more efficiently, drive revenue, and offer personalized traveler experiences with next-generation technology solutions.
Mergers and Acquisitions
In 2019 Sabre acquired Orland-based Radixx, an airline retailing software provider serving the low-cost carrier market. The company's software assists airlines with passenger processing and merchandising. The $110 million acquisition boost Sabre's presence in the Asia/Pacific region, Africa, South America, and Europe.
3150 Sabre Dr
Southlake, TX 76092-2199
Phone: 1 (682) 605-1000
Employer Type: Privately Owned
Senior Vice President: Sara Garrison
Vice President: Kyle Moore
Senior Vice President: Jorge Vilches
Employees (This Location): 2,100
Employees (All Locations): 6,700
Los Angeles, CA
Fort Worth, TX