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Delayed Nasdaq  -  04:00 2022-12-02 pm EST
6.220 USD   +3.49%
12/01Sabre Corporation(NasdaqGS:SABR) added to S&P 600 Information Technology
12/01Sabre Corporation(NasdaqGS:SABR) added to S&P 600
12/01Sabre Corporation(NasdaqGS:SABR) dropped from S&P 400
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Solare Hotels and Resorts selects Sabre technology to optimize its distribution strategy as Japan re-opens to overseas visitors

08/22/2022 | 07:49am EST

New deal will further strengthen Sabre's position in the Japanese marketplace while enabling Solare Hotels to broaden its geographic reach.

Sabre Corporation(NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced a new agreement with Solare Hotels and Resorts Co.,Ltd. The deal will enable the chain to put its inventory in front of hundreds of thousands of travel agents globally across all major Global Distribution Systems (GDSs) through Sabre Hospitality's innovative SynXis platform. Solare Hotels and Resorts will be able to significantly increase its distribution reach and potential revenue opportunities, while providing travel agents globally with access to content from the hotel chain.

'It's very important to us to work with a technology provider who understands the unique perspectives of the Japanese tourism market while enabling us to effectively tell the world about Solare Hotels and Resorts, and what our properties and locations have to offer,' said Katsuyuki Yoshida, Exclusive Officer of Sales & Revenue Management Division of Solare Hotels and Resorts. 'Distributing our content via the SynXis platform will enhance visibility for our hotels, helping us to increase bookings and fulfil our aim of making the guest experience more enjoyable and fulfilling for more travellers. We aim to create hotels with deep connections to their locations and this new agreement will ensure that we can showcase those hotels and those connections to a wide global audience.'

The distribution agreement comes at an important moment for the Japanese travel industry, and is one of a number of key deals Sabre has announced in Japan in recent months. Japan has now opened up to selected tour groups, and is preparing for further relaxing of border restrictions for tourists in the future.

'We're thrilled that Solare Hotels has selected Sabre as it adds the GDS channel to its distribution strategy for the first time,' said Frank Trampert, Senior Vice President and Global Managing Director of Community Sales for Sabre Hospitality. 'It's important that hotels are ready to capture recovery and drive their own demand as more global markets open up and we're looking forward to working with Solare Hotels to enable the chain to grow bookings, increase future revenue opportunities and put their hotels and offers in front of the world.'

About Sabre Corporation

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

About Solare Hotels and Resorts Co.,Ltd.

Solare Hotel and Resorts is a large Japanese hotel chain that has 17 hotel brands such as 'UAN Kanazawa,' 'the square hotel,' 'hotel androoms,' 'LOISIR,' 'ROYAL PINES HOTEL ' and 'Chisun'. The company operates hotel management and franchise operation in 65 locations in Japan and 1 location oversea (total of 9,906 rooms)*. Their management also covers retail outlets, food & beverage outlets, public baths, spas, and franchise operations. (*As of August 2022)

URL: https://www.solarehotels.co.jp

Media Contact

Elizabeth Hands

Sabre Public Relations - Asia Pacific

Email: Liz.Hands@sabre.com

Telephone: +65 8742 7720

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 2 573 M - -
Net income 2022 -400 M - -
Net Debt 2022 3 991 M - -
P/E ratio 2022 -5,07x
Yield 2022 0,27%
Capitalization 2 042 M 2 042 M -
EV / Sales 2022 2,34x
EV / Sales 2023 1,86x
Nbr of Employees -
Free-Float 91,9%
Duration : Period :
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Technical analysis trends SABRE CORPORATION
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 6,22 $
Average target price 11,00 $
Spread / Average Target 76,8%
EPS Revisions
Managers and Directors
Sean E. Menke Chairman & Chief Executive Officer
Kurt Joseph Ekert President
Michael O. Randolfi Chief Financial Officer & Executive Vice President
Joe DiFonzo Chief Information Officer
George R. Bravante Independent Director
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