Hotels, Restaurants and Leisure
Company Overview of Sabre Travel Network
Sabre Travel Network provides technology solutions to the travel industry. The company operates Sabre global distribution system, a travel marketplace that connects travel buyers and sellers. Its travel marketplace offers travel agencies, travel management companies, and travel professionals with access to airlines, hotel properties, car rental brands, rail providers, and cruise lines; helps corporations to simplify complex travel sourcing; enables suppliers or brands to reach travel sellers; and provides customized solutions for government agencies and travel management companies serving the public sector to access proprietary government booking tools. Sabre Travel Network also equips third...
3150 Sabre Drive
Southlake, TX 76092
Founded in 1960
Key Executives for Sabre Travel Network
President and Executive Vice President of Sabre
Head of Solutions Consulting
Managing Director of Airline Distribution
Senior Vice President and General Manager of Asia Pacific
Compensation as of Fiscal Year 2015.
Sabre Travel Network Key Developments
Sabre Corporation Appoints Roshan Mendis as Senior Vice President of Sabre Travel Network for Asia Pacific
Jul 8 15
Sabre Corporation appointed Roshan Mendis as senior vice president of Sabre Travel Network for Asia Pacific, following the completion of its acquisition of Abacus International. In his new role, Mendis will be responsible for the overall Sabre Travel Network business in the Asia Pacific region which will include the newly acquired Abacus business. Mendis joins the team following 12 years with Travelocity.com, where he was most recently president of the Americas, until its sale in early 2015 to Expedia.
Sabre Travel Network Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Revenue Guidance for 2015
Feb 18 15
Sabre Travel Network reported unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s revenue declined 1.4% to $434 million compared to $440 million for the same period in 2013. The decline in revenue is primarily attributable to lower joint venture data processing revenue. Adjusted EBITDA declined 9.4% to $172 million compared to $189.94 million reported a year ago. The decline in adjusted EBITDA was primarily the result of lower year-over-year joint venture data processing revenue in the quarter and the timing of recognition of certain cost of revenue expense items compared to the prior year. Operating income was $142.23 million compared to $162.05 million reported a year ago.
For the year, the company’s revenue was $1,854.785 million compared to $1,821.498 million for the same period in 2013. Operating income was $657.326 million compared to $667.498 million reported a year ago. Adjusted EBITDA was $778.677 million compared to $772.208 million reported a year ago.
The company expects 2015 revenue growth of 4% or more, driven by bookings growth of approximately 3%.
Travel Network Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 7 14
Travel Network reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating income of $165,597,000 and adjusted EBITDA of $197,971,000 against operating income of $162,071,000 and adjusted EBITDA of $188,237,000 for the same period a year ago. The company's revenue also increased, rising 1.3% to $462 million from $456 million for the same period of 2013.
For the six months, the company reported operating income of $350,114,000 and adjusted EBITDA of $412,814,000 against operating income of $346,970,000 and adjusted EBITDA of $398,540,000 for the same period a year ago.
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