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Sabre announces upcoming webcast of its first quarter 2025 earnings conference call
Prnewswire· 2025-04-28 18:00
SOUTHLAKE, Texas, April 28, 2025 /PRNewswire/ -- Sabre Corporation ("Sabre") (NASDAQ: SABR) will host a live webcast of its first quarter 2025 earnings conference call on May 7, 2025 at 9:00 a.m. ET. Management will discuss the financial results, as well as comment on the forward outlook. The webcast is expected to last approximately one hour and will be accessible by visiting the Investor Relations section of Sabre's website at investors.sabre.com. A replay of the event will be available on the website for ...
Sabre enters into definitive agreement to sell its Hospitality Solutions business unit to TPG for $1.1 billion
Prnewswire· 2025-04-28 12:55
Core Viewpoint - Sabre Corporation has signed a definitive agreement to sell its Hospitality Solutions business to TPG for $1.1 billion in cash, allowing Sabre to focus on its core airline IT and travel marketplace platforms while optimizing its financial structure and pursuing sustainable growth [1][4][3]. Group 1: Transaction Details - TPG will acquire Sabre's Hospitality Solutions business for $1.1 billion, with expected net cash proceeds to Sabre of approximately $960 million after taxes and fees [1][3]. - The transaction will establish Hospitality Solutions as an independent technology company dedicated to the hospitality industry, providing software and solutions to over 40% of the world's leading hotel brands [2][4]. - The deal is expected to close by the end of the third quarter of 2025, pending customary closing conditions and regulatory approvals [7]. Group 2: Strategic Implications - The proceeds from the sale will primarily be used to pay down debt, improving Sabre's balance sheet and enabling a focus on its core business [3][4]. - This divestiture is part of a series of strategic financial moves by Sabre, including recent debt refinancings, aimed at achieving a long-term net leverage target of 2.5x to 3.5x [3][4]. - TPG's investment approach is expected to drive significant value for Hospitality Solutions' customers, leveraging TPG's experience in growing mission-critical software businesses [5][6]. Group 3: Business Operations - Hospitality Solutions provides an integrated system of record for reservation and guest information, enhancing operational accuracy and efficiency for hoteliers [2]. - The platform has evolved significantly since Sabre's acquisition of SynXis in 2005, with ongoing investments in capabilities and solutions [4]. - TPG aims to enhance and expand the Hospitality Solutions platform, positioning it as a comprehensive technology provider for the hospitality industry [5].
Sabre launches LATAM's NDC offers, advancing multi-source content access
Prnewswire· 2025-02-26 14:00
Core Insights - Sabre Corporation has launched LATAM Airlines Group's New Distribution Capability (NDC) offers in multiple countries, enhancing access for travel agencies globally [1][2] - The integration allows real-time access to LATAM's full content for travel agencies, including six of LATAM's passenger carriers [1][2] - This partnership aims to improve customer connection and meet diverse travel needs more efficiently [2][3] Company Overview - Sabre Corporation is a leading global travel technology company headquartered in Southlake, Texas, serving customers in over 160 countries [4] - LATAM Airlines Group is the largest airline group in Latin America, offering over 140 destinations across 25 countries and focusing on high-quality service and innovation [5] Industry Impact - The integration of LATAM's NDC content into Sabre's marketplace marks a significant milestone, with a total of 34 airlines now utilizing NDC within Sabre's global travel marketplace [3] - Sabre's NDC approach provides travel agencies with broader content access while ensuring seamless integration into existing workflows, enhancing the overall travel experience [2][3]
视旅科技完成超亿元A轮融资:由飞猪创始人李少华等人联合创立
IPO早知道· 2024-10-30 02:03
专注于做"AI驱动的新一代旅游平台"。 本文为IPO早知道原创 作者|Stone Jin 微信公众号|ipozaozhidao 据IPO早知道消息,视旅科技日前完成A轮融资,投资方为深报一本基金、广州城投集团下属粤港澳 大湾区文化产业投资基金、高榕创投、优山投资、亚康股份投资平台中互亚康等知名投资机构,总规 模超亿元人民币。 创立于2021年11月的视旅科技是前阿里巴巴副总裁、飞猪创始人李少华等人联合发起的AI驱动的旅 游产品互联网公司,创立初期即获得高榕创投、险峰等投资机构亿元规模的天使轮投资。 视旅科技团队专注于做"AI驱动的新一代旅游平台",2023年5月发布了国内首个旅游领域大模型 VtripGPT。2024年3月,VtripGPT大模型成为旅游行业首个通过国家网信办等主管部门审核备案 的大模型。 AI技术的应用,是旅游行业新质生产力的典型代表。围绕这一高精尖赛道,视旅科技组建了复合型 的"AI+旅游"顶配创业团队。联合创始人兼CTO惠芃瑞博士,曾任职阿里巴巴人工智能高级技术专 家,构建飞猪上一代的大数据与AI应用体系,首推旅游"信用住"等创新型产品应用。视旅核心团队 成员还包括来自一线互联网公司的业 ...