Sabre feels benefit of Asia-Pacific air booking growth

Sabre almost hit the $1 billion in revenue milestone for the first quarter of 2017 in its earnings report released this week.

The tech giant scored $915.4 million for the first three months of the year, up by 6.5% on the same period in 2016.

Adjusted EBITDA increased by 3.5% year-on-year to $297.6 million.

The Travel Network (GDS) division took a 72% share of the revenue with $663.5 million (up 6.1% y/y).

The Airline and Hospitality business achieved a higher growth figure with 8.2% y/y to hit $258 million.

The wing’s operating income was down by 0.9%.

Within the GDS service, air bookings climbed by 6.3% at 127,400 in Q1. Non-air increased by 2.1% over the same reporting period to 15,300.

The company’s fastest growing region for bookings in Asia-Pacific with 9.6%, compared to 3.2% in North America.

Sabre president and CEO, Sean Menke, says:

“The macro global travel environment was supportive of growth in travel and helped drive strong bookings, passengers boarded and hotel transaction growth across our businesses in the quarter.”

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