Sabre Corp
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$5.00 | Gzrgk | Dkktkvkw |
Sabre's Demand Recovery Continues, While a New Russian Growth Headwind Emerges for 2023
Business Strategy and Outlook
Despite material near-term travel demand headwinds driven by the coronavirus and inflation, we expect Sabre to maintain its position in global distribution systems over the next 10 years, driven by a leading network of airline content and travel agency customers as well as its solid position in technology solutions for these carriers and agents. Sabre's roughly 40% GDS transaction share is the second largest of the three companies (behind narrow-moat Amadeus and ahead of privately held Travelport) that together control nearly 100% of market volume. Sabre is also a leader in providing technology solutions to travel suppliers.