Sabre Hospitality is for sale ... again
Sabre’s hotel tech unit is up for sale, two years after a similar effort failed to yield a deal, with private equity firms expected to be among the potential buyers
Sabre neither confirmed nor denied the possibility of a sale process. "We do not comment on market rumors or speculation," a spokesman said Thursday. "Our priority continues to be building and maintaining a robust business."
Key takeaways
- Sabre Hospitality returned to profitability in the second quarter, reporting operating income of $5.3 million, a significant improvement from the $2 million operating loss in the same period last year. Revenues increased 9% to $83 million;
- A notable accomplishment for Sabre Hospitality was securing an agreement with Hyatt to implement Sabre's Synxis central reservation system as its primary CRS;
- Although Sabre Hospitality represents only 10.8% of the company's total revenue, it serves a significant network, supporting 42,000 properties in 175 countries by the end of 2023.
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