Sabre has reported gains across both its travel and hospitality solutions business units in the third quarter of 2024.
Travel solutions revenue increased 3% to $691 million with the rise attributed to an increase in air, hotel and other travel bookings. Distribution revenue was up 5% to $551 million due to the increase in bookings as well as an increase in average booking fees from $5.87 in Q3 2023 to $5.94 in Q3 2024.
During an analyst call, president and CEO Kurt Ekert said Sabre expects year over year air distribution bookings growth to continue “building momentum” as the company enters 2025. He said the growth would be driven by the company’s strategies which include the launch of SabreMosaic and further development of Sabre’s multi-source platform.
Revenue for the IT solutions business was down 5% to $140 million attributed to the impact of de-migrations although Sabre said this was partially offset by an increase in passengers…