Sabre reports first quarter 2017 results

Global travel technology leader Sabre Corporation has reported its first quarter 2017 financial results. Sabre president and CEO Sean Menke said Sabre got off to a solid start in the first quarter, with stronger than expected revenue growth. First quarter consolidated revenue increased 6.5% to US$915.4m, compared to US$859.5m the year prior. Airline and Hospitality Solutions revenue grew 8.2% to US$258.0m compared to US$238.4m for the same period in 2016. This was supported by 7.1% growth in passengers boarded and a strong increase in hotel transactions. Travel Network revenue increased 6.1% to US$663.5m, compared to US$625.5m for the same period in 2016, supported by robust bookings in all major regions of the world.