Sabre Completes Sale of Hospitality Solutions Business, Strengthens Focus on Travel Industry

Sabre Corporation, a software and technology company that powers the global travel industry, has completed the sale of its Hospitality Solutions business. The company serves a range of travel companies, including airlines, hoteliers, travel agencies, and other suppliers, providing retailing, distribution, and fulfillment solutions to help them operate efficiently and offer personalized traveler experiences. Sabre operates through two segments: Travel Solutions and Hospitality Solutions.

Sabre Corporation, a leading technology company in the global travel industry, has finalized the sale of its Hospitality Solutions business to TPG for $1.1 billion, net of taxes and fees. The transaction is valued at $960 million in net proceeds, with the majority to be used for debt repayment [1].

The sale is part of Sabre's ongoing transformation strategy, aiming to reduce debt and optimize its portfolio. Kurt Ekert, President and CEO of Sabre, expressed satisfaction with the transaction, stating that it provides an opportunity to pay down debt and reduce net leverage, thereby positioning the company for sustainable growth [1].

Sabre Corporation operates through two segments: Travel Solutions and Hospitality Solutions. The Hospitality Solutions business serves a diverse range of travel companies, including airlines, hoteliers, travel agencies, and other suppliers, providing retailing, distribution, and fulfillment solutions to enhance operational efficiency and offer personalized traveler experiences.

The completion of this sale underscores Sabre's commitment to focusing on its core competencies and strategic growth opportunities. The company continues to leverage its strengths in technology to drive innovation and growth within the travel industry.

References:
[1] https://www.marketscreener.com/quote/stock/SABRE-CORPORATION-16290162/news/Sabre-announces-closing-of-sale-of-Hospitality-Solutions-business-to-TPG-50446913/