Sabre reported a 4% year-over-year increase in global bookings in the fourth quarter, and the company expects “significant volume growth” in air distribution this year, Sabre president and CEO Kurt Ekert said in an earnings call on Thursday.
Ekert said Sabre’s commercial team during 2024 signed new business totaling 30 million to 40 million in air distribution segments, which he said bodes well for 2025 performance.
“In 2025, we expect double-digit growth for air distribution bookings, hotel distribution bookings and hospitality solutions [central reservation system] transactions,” Ekert said. “We expect the majority of growth in air distribution bookings will come from a number of signed but not yet fully implemented agreements, including the largest Korean [online travel agency] as well as World Travel Inc.”
Ekert also said that Sabre landed “a rapidly growing top five agency in North America focused on the loyalty and credit card space.”
World Travel Inc. (No. 18 on Travel…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
