Sabre (SABR) Adds Retail Studio Solution to SynXis Platform
Sabre Corporation SABR recently unveiled the SynXis Retail Studio solution that strengthens retail distribution among hoteliers. The new solution enables hoteliers to retail virtually anything while expanding their opportunities to diversify and boost top-line streams outside the room.
The initial phase of the latest addition to Sabre's SynXis platform has been completed. The new Retail Studio solution will aid hoteliers in diversifying their distribution of retail goods, services, experiences, merchandise, policies and more by attribute. This will not only enhance customers' personalized experiences but also boost the revenue streams of the hoteliers. This might also help hoteliers increase brand value during guest booking in the future.
Integrated with Sabre's SynXis Central Reservations and SynXis Booking Engine solutions, the new Studio further intends to broaden revenue optimization opportunities with the application of predictive analytics through machine learning.
Sabre Corporation Price and Consensus
Sabre Corporation price-consensus-chart | Sabre Corporation Quote
It is worth mentioning that Hong Kong's Cordis Hotel & Resorts remained a pilot customer for this launch since 2019. Despite the fact that the travel industry was riddled with restrictions due to a surge in COVID-19 cases worldwide, Cordis reported hikes of 53%, 46% and 35% in experiences, merchandise and services sold per room night, respectively, after installing Sabre's SynXis Retail Studio.
During first-quarter 2022, the company's Hospitality Solutions segment revenues amounted to $56 million compared with $42.2 million in the year-ago quarter. This was primarily driven by a gradual recovery in central reservation system transactions and higher Digital Experience revenues.
Of late, Sabre has been showing signs of a turnaround with consecutive deal wins from major global airlines, hoteliers and travel agencies. The leading travel-related software and technology provider has a customer base spread over 160 nations globally. Sabre is one of the largest marketplaces in the world that manages approximately $260 billion worth of global travel spending annually. Currently, it has over 425,000 agency partners worldwide.
Zacks Rank & Stocks to Consider
Sabre currently carries a Zacks Rank of 3 (Hold). Shares of SABR have slumped 47.1% in the past year.
Some better-ranked stocks from the broader Computer and Technology sector are Analog Devices ADI, Axcelis Technologies ACLS and Baidu BIDU. While Analog Devices and Axcelis currently flaunt a Zacks Rank #1 (Strong Buy), Baidu carries a Zacks Rank of 2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Analog Devices' third-quarter fiscal 2022 earnings has been revised upward by 24 cents to $2.42 per share over the past 60 days. For fiscal 2022, earnings estimates have moved 81 cents north to $9.24 per share in the past 60 days.
Analog Devices' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 7.7%. Shares of ADI have decreased 11.7% in the past year.
The Zacks Consensus Estimate for Axcelis' second-quarter fiscal 2022 earnings has been revised 3 cents northward to 99 cents per share over the past 60 days. For 2022, earnings estimates have moved 10.3% north to $4.40 per share in the past 60 days.
Axcelis' earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 23.5%. Shares of ACLS have surged 43.7% in the past year.
The Zacks Consensus Estimate for Baidu's second-quarter 2022 earnings has been revised 2 cents southward to $1.38 per share over the past 30 days. For 2022, earnings estimates have moved 74 cents north to $8.27 per share in the past 30 days.
Baidu's earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 52.9%. Shares of BIDU have fallen 24.3% in the past year.
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