Soleil Securities Comments on GDS Industry Consolidation

Soleil Securities analyst Michael Millman, of Millman Research Associates, comments on Sabre Holdings (NYSE: TSG) and industry consolidation.

The analyst said they see the likelihood of GDS (global distribution system) consolidation increasing and expects Travelport to be a consolidator because of its scale and reach.

The firm said the two remaining GDS' will have to merge. The firm said the the pairings will be Galileo (owed by Travelport)/Worldspan (under a great deal of pressure), which will force Amadeus/Sabre.