Last year, I took my family of three from Orlando to Southern California for a trip to Universal Studios Hollywood .
Sabre Hospitality Is For Sale ... Again
20.09.2024 - 20:51 / skift.com / Dennis Schaal
Sabre’s hotel tech unit is up for sale two years after a similar effort failed to yield a deal, according to an industry source. Evercore is running the sales process, the source said.
Private equity firms are expected to be among the potential buyers.
Sabre declined to confirm or deny that a sales process was under way. “We do not comment on market rumors or speculation,” a spokesperson said Thursday. “As always, we are focused on building and running a strong business.”
Sabre Hospitality swung back to profitability in the second quarter, with operating income of $5.3 million compared with an operating loss of $2 million a year earlier. Revenue rose 9% to $83 million.
The biggest recent win for Sabre Hospitality was an agreement with Hyatt to use Sabre’s Synxis central reservation system as its main CRS.
“You can expect to see Hyatt come on through 2024,” Sabre CEO Kurt Ebert said in August during an earnings call. “When you step back and look at the HS [Hospitality Solutions] business overall, what we’ve articulated before, this is another proof point to that, which is that you’re going to see double-digit revenue growth in HS this year and beyond. You’ll see HS achieve double-digit margin production by the end of next year.”
The hospitality unit uses a SaaS model that helps independent hotels and chains manage pricing and reservations, and also enables hoteliers to distribute their rates and availability through various distribution channels. Some of its solutions are hosted, as well.
Sabre Hospitality is a small part of Sabre, whose primary business is helping airlines distribute their flights and ancillaries to travel agencies, online and offline, and providing airlines with tech solutions to run their operations. Sabre Hospitality’s revenue is just 10.8% of the company’s total revenue.
At the end of 2023, 42,000 properties in 175 countries used Sabre Hospitality’s services.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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