Latest news with #SabreCorporation
Yahoo
10 hours ago
- Business
- Yahoo
Golden Chain and Sabre Hospitality Collaborate
One of Australia's biggest hotel chains, Golden Chain, has teamed up with Sabre Corporation (NASDAQ:SABR) to offer digital gift card features that will boost sales and improve sustainability. An international traveler consulting the company's app on their smartphone, illustrating their successful online marketplace. Golden Chain will implement a fully digital system to replace manual gift card issuance by using Sabre Corporation (NASDAQ:SABR)'s Gift Cards & Vouchers platform. The technology interfaces directly into hotel websites, facilitates local currency disbursements, and allows centralized management across several properties. Furthermore, it provides analytics, real-time sales tracking, and Apple Wallet compatibility. Golden Chain is a part of the Global Alliance of Private Hotels, a network of more than 1,200 independent hotels, and has about 200 locations in Australia and more than 40 in New Zealand and Asia-Pacific. Physical vouchers are no longer necessary due to the switch to Sabre Corporation (NASDAQ:SABR)'s digital platform, which supports its environmental objectives. The contract was made possible by its flexible pricing, which included pay-per-sale and no startup fees. Tony Smith of Golden Chain stressed effectiveness and cost control, while Sabre Corporation (NASDAQ:SABR)'s Frank Trampert underscored the platform's contribution to improving revenue and visitor experience. While we acknowledge the potential of SABR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Tourism Breaking News
2 days ago
- Business
- Tourism Breaking News
Sabre Corporation partners with SalamAir to boost global distribution
Post Views: 32 Sabre Corporation has announced a partnership with SalamAir, aiming to strengthen SalamAir's global footprint by leveraging Sabre's marketplace and worldwide distribution capabilities. Under the new agreement, SalamAir's full range of flights and services will be accessible to travel agencies across the globe through Sabre's advanced global distribution system (GDS). The move is expected to significantly enhance the airline's international visibility, attract new customer segments, and accelerate revenue growth. 'Our partnership with Sabre marks a significant milestone in SalamAir's growth journey,' said Steven Allen, Chief Commercial Officer at SalamAir. 'By utilising Sabre's robust global distribution platform, we aim to achieve greater global visibility, reach new markets, and offer our affordable travel options to a wider audience.' For Sabre, the collaboration highlights its ongoing commitment to supporting airline partners in the Middle East with cutting-edge travel technologies. Recently, SalamAir renewed its long-term agreement with Sabre for the Radixx Reservation System, further reinforcing Sabre's credibility and reliability as a technology partner.
Zawya
3 days ago
- Business
- Zawya
SalamAir enhances distribution strategy via Sabre partnership
Sabre Corporation, a leading global travel technology company, has announced a new agreement with SalamAir, Oman's leading low-cost carrier under which SalamAir will utilise Sabre's marketplace to enhance its global visibility, expand its market reach, and drive revenue growth. Through this agreement, SalamAir's flights and services will be made available to travel agencies worldwide via Sabre's extensive global distribution network. This strategic move enables SalamAir to connect with new customer segments, increase bookings, and further solidify its position in the regional aviation market. For Sabre, the partnership underscores its commitment to empowering airlines in the Middle East and beyond with cutting-edge travel solutions. 'Our partnership with Sabre marks a significant milestone in SalamAir's growth journey,' said Steven Allen, Chief Commercial Officer at SalamAir. 'By utilising Sabre's robust global distribution platform, we aim to achieve greater global visibility, reach new markets, and offer our affordable travel options to a wider audience.' Sabre's strong presence in the Middle East, combined with its global distribution capabilities, positions it as a trusted partner for airlines looking to expand their operations. Recently, SalamAir renewed its long-term agreement with Sabre for the Radixx Reservation System, further reinforcing Sabre's credibility and reliability as a technology partner. SalamAir has been a Radixx customer since 2017, using the reservation system to streamline passenger booking and operational efficiency. 'We are thrilled to deepen our relationship with SalamAir through this new distribution partnership,' said Alessandro Ciancimino, Vice President, Airline Distribution, EMEA at Sabre Travel Solutions. 'Our global distribution network will enable SalamAir to connect with travel agencies and travelers worldwide, providing the tools they need to scale their operations and achieve their ambitious growth targets. We look forward to supporting their continued success.' This partnership reflects SalamAir's rapid growth within the region and its commitment to scaling operations to meet increasing demand. By utilizing Sabre's technology, SalamAir is well-positioned to achieve its vision of becoming a leading low-cost carrier while enhancing customer experiences and driving profitability. - Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
3 days ago
- Business
- Trade Arabia
SalamAir enhances distribution strategy via Sabre partnership
Sabre Corporation, a leading global travel technology company, has announced a new agreement with SalamAir, Oman's leading low-cost carrier under which SalamAir will utilise Sabre's marketplace to enhance its global visibility, expand its market reach, and drive revenue growth. Through this agreement, SalamAir's flights and services will be made available to travel agencies worldwide via Sabre's extensive global distribution network. This strategic move enables SalamAir to connect with new customer segments, increase bookings, and further solidify its position in the regional aviation market. For Sabre, the partnership underscores its commitment to empowering airlines in the Middle East and beyond with cutting-edge travel solutions. 'Our partnership with Sabre marks a significant milestone in SalamAir's growth journey,' said Steven Allen, Chief Commercial Officer at SalamAir. 'By utilising Sabre's robust global distribution platform, we aim to achieve greater global visibility, reach new markets, and offer our affordable travel options to a wider audience.' Sabre's strong presence in the Middle East, combined with its global distribution capabilities, positions it as a trusted partner for airlines looking to expand their operations. Recently, SalamAir renewed its long-term agreement with Sabre for the Radixx Reservation System, further reinforcing Sabre's credibility and reliability as a technology partner. SalamAir has been a Radixx customer since 2017, using the reservation system to streamline passenger booking and operational efficiency. 'We are thrilled to deepen our relationship with SalamAir through this new distribution partnership,' said Alessandro Ciancimino, Vice President, Airline Distribution, EMEA at Sabre Travel Solutions. 'Our global distribution network will enable SalamAir to connect with travel agencies and travelers worldwide, providing the tools they need to scale their operations and achieve their ambitious growth targets. We look forward to supporting their continued success.' This partnership reflects SalamAir's rapid growth within the region and its commitment to scaling operations to meet increasing demand. By utilizing Sabre's technology, SalamAir is well-positioned to achieve its vision of becoming a leading low-cost carrier while enhancing customer experiences and driving profitability. - TradeArabia News Service
Economic Times
27-05-2025
- Business
- Economic Times
Large deal momentum, improving profitability keep Coforge stock buoyant
Tired of too many ads? Remove Ads The stock of Coforge has gained 13% since May 05 compared with 5% increase in the BSE IT index after the mid-tier IT exporter reported strong sequential revenue growth, expansion in operating margin and record deal wins for the March quarter. Amid strong growth in dew deals in FY25, the company has retained the $2 billion revenue target for FY27 compared with a revenue of $1.4 billion in FY25, notwithstanding the uncertainty in the revival of discretionary is a global IT solutions provider employing 33,497 professionals and present across 23 countries. The US is its biggest market, contributing 54% to the revenue in FY25. It earns around 30% revenue from the banking and financial services (BFS) vertical, over 18% each from travel, transportation, hospitality (TTH) and insurance. The company is fully owned by public shareholders and therefore doesn't have any promoter company reported a record order intake of $2,126 million for the March quarter, aided by a large multi-year deal with the US based Sabre Corporation, a travel technology company. In March, Coforge bagged a 13-year $1,560 million deal with Sabre to accelerate the latter's product delivery. Even after excluding this mega deal, Coforge still reported 13% sequential increase in the deal wins at $566 million. The company's management expects to sustain the momentum in large deals. The executable order book over the next 12 months increased by 48% year-on-year to $1,505 the company's operating margin (EBIT margin) fell by 50 basis points year-on-year to 13% in FY25, it reported quarterly improvement in the fourth quarter of the fiscal year. The margin expanded by 120 basis points to 13.2%. The company expects to improve the margin to 14% by the end of majority of the larger peers, Coforge reported lower employee attrition rate for the March quarter. The attrition contracted to 10.9% from 11.9% in the December quarter and 11.5% in the year-ago quarter. Despite lower attrition, it continued to hire employees – the net headcount addition was 8,771 in Financial Research expects earnings of Coforge to increase by 25% annually between FY25 and FY28. The brokerage has revised the stock's target price to Rs10,000 from Rs9,610. The stock was last traded at Rs 8,465.2 on Tuesday on the BSE.
