Expanded settlement anticipates significant progress in GDS bookings by way of Sabre
Two like-minded corporations devoted to co-investment and collaboration of progressive options that can search to speed up the technology-driven evolution of the business
SOUTHLAKE, Texas, Oct. 31, 2022 /PRNewswire/ — Sabre Corporation (NASDAQ: SABR) and BCD Travel at this time introduced a long-term, multi-faceted strategic partnership that’s anticipated to drive significant progress and development for each corporations and throughout the travel ecosystem.
Under the newly expanded and long-term technology settlement, BCD Travel expects to extend its reserving ranges with Sabre. Additionally, the 2 corporations will collectively make investments and collaborate on new and superior options that can assist speed up the technology-driven evolution underway throughout the corporate travel ecosystem.
“BCD Travel is a long-time, valued Sabre partner. Over the years, we’ve tackled industry challenges, innovated and grown together. Today, we take another important step in our partnership as we mutually commit to advancing the future of the travel,” mentioned Kurt Ekert, president of Sabre. “This agreement demonstrates our continuing commitment to helping BCD achieve its objectives to differentiate its offerings, improve operational efficiency and grow. Whether that takes the form of providing solutions, or enabling solutions, we will continue to build and sustain the value-added relationship we’ve enjoyed with BCD for so many years.”
The partnership will see the 2 business leaders focus on artistic options for managing rising complexities and evolving buyer expectations in addition to reworking the impacts of technology and market dynamics into alternatives. Sabre will proceed to make the most of its technical experience, progressive energies and corporate stability to assist allow BCD’s success globally.
“This agreement is in line with our strategy to improve our agility, flexibility and responsiveness in a shifting environment,” mentioned BCD Travel CEO and President John Snyder. “By extending our long-standing partnership with Sabre, we’ll streamline our distribution technology footprint and simplify our operational, technical and future development infrastructure, allowing us to move more rapidly on our clients’ behalf as we innovate, anticipate and adjust to emerging market opportunities. As we focus on post-Covid travel complexities and engage on deeper technology collaboration and joint development areas, we will enhance our speed to market with functionalities to improve travelers’ planning and booking experience including bringing NDC to life.”
As BCD and Sabre lengthen and deepen their present relationship, each corporations are anticipated to learn as Sabre pursues its bold targets of:
- Accomplishing its tech transformation with cloud migration, microservice enabled structure, and use of the newest sensible applied sciences and digital improvements like AI and ML for a future-ready setting each Sabre and BCD can make the most of.
- Continuing to champion balanced provider distribution economics on behalf of travel business constituents for the content material entry our prospects want.
- Delivering premium retailing, distribution and achievement capabilities, together with NDC-enabled options, throughout the worth chain.
About Sabre Corporation
Sabre Corporation is a number one software program and technology firm that powers the worldwide travel business, serving a variety of travel corporations together with airways, hoteliers, travel companies and different suppliers. The firm gives retailing, distribution and fulfilment options that assist its prospects function extra effectively, drive income and supply personalised traveler experiences. Through its main travel market, Sabre connects travel suppliers with patrons from across the globe. Sabre’s technology platform manages greater than $260B price of world travel spend yearly. Headquartered in Southlake, Texas, USA, Sabre serves prospects in additional than 160 international locations all over the world. For extra info go to www.sabre.com.
About BCD Travel
BCD Travel helps corporations take advantage of of what they spend on travel. We give vacationers progressive instruments that maintain them secure and productive and assist them make good decisions on the street. We companion with travel and procurement leaders to simplify the complexities of business travel, drive financial savings and satisfaction, and transfer entire corporations towards their targets. In brief, we assist our purchasers travel sensible and obtain extra. We make this occur in 106 international locations with a worldwide shopper retention charge of 97%, the very best within the business. For extra info, go to www.bcdtravel.com.
About BCD Group
BCD Group is a market chief within the travel business. The privately owned firm was based in 1975 by John Fentener van Vlissingen and consists of BCD Travel (world corporate travel administration and its subsidiary BCD Meetings & Events, world conferences and occasions company) and Park ‘N Fly (off-airport parking). For extra info, go to www.bcdgroup.com.
Forward-Looking Statements
Certain statements herein are forward-looking statements about developments, future occasions, uncertainties and our plans and expectations of what might occur sooner or later. Any statements that aren’t historic or present info are forward-looking statements. In many circumstances, you possibly can establish forward-looking statements by phrases akin to “expect,” “anticipate,” “seek,” will,” “consider,” “estimate,” “challenge,” “attainable,” “might,” “ought to,” “would,” “intend,” “potential,” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on our business and results of operations, financial condition and credit ratings, as well as on the travel industry and consumer spending more broadly, the actions taken to contain the disease or treat its impact, the effectiveness and rate of vaccinations, the effect of remote working arrangements on our operations and the speed and extent of the recovery across the broader travel ecosystem, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, including from airlines’ insolvency, suspension of service or aircraft groundings, the effect of cost savings initiatives, the timing, implementation and effects of the technology investment and other strategic initiatives, the completion and effects of travel platforms, exposure to pricing pressure in the Travel Solutions business, changes affecting travel supplier customers, maintenance of the integrity of our systems and infrastructure and the effect of any security incidents, failure to adapt to technological advancements, competition in the travel distribution market and solutions markets, implementation of software solutions, reliance on third parties to provide information technology services and the effects of these services, implementation and effects of new, amended or renewed agreements and strategic partnerships, including anticipated savings, dependence on establishing, maintaining and renewing contracts with customers and other counterparties and collecting amounts due to us under these agreements, dependence on relationships with travel buyers, collection, processing, storage, use and transmission of personal data and risks associated with PCI compliance, our ability to recruit, train and retain employees, including our key executive officers and technical employees, the financial and business results and effects of acquisitions and divestitures of businesses or business operations, reliance on the value of our brands, the effects of any litigation and regulatory reviews and investigations, adverse global and regional economic and political conditions, including, but not limited to, recessionary or inflationary economic conditions, risks related to the current military conflict in Ukraine, risks arising from global operations, reliance on the value of our brands, the effects of new legislation or regulations or the failure to comply with regulations or other legal requirements, use of third-party distributor partners, risks related to our significant amount of indebtedness, the effects of the implementation of new accounting standards and tax-related matters. More information about potential risks and uncertainties that could affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in our Quarterly Report on Form 10-Q filed with the SEC on August 2, 2022, in our Annual Report on Form 10-K filed with the SEC on February 18, 2022 and in our different filings with the SEC. Although we consider that the expectations mirrored within the forward-looking statements are cheap, we can’t assure future occasions, outlook, steering, outcomes, actions, ranges of exercise, efficiency or achievements. Readers are cautioned to not place undue reliance on these forward-looking statements. Unless required by regulation, Sabre undertakes no obligation to publicly replace or revise any forward-looking statements to replicate circumstances or occasions after the date they’re made.
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Sabre Contacts:
Media
Kristin Hays
[email protected]
Heidi Castle
[email protected]
Investors
Kevin Crissey
[email protected]
SOURCE Sabre Corporation
