New open platform for corporate travel will offer integrated corporate booking capabilities mid-trip via mobile
SOUTHLAKE, Texas – July 14, 2016 – A smarter business travel experience is coming soon as Sabre Corporation (NASDAQ: SABR) announced today it is developing an integrated product platform to power itinerary management, policy compliant booking mid-trip, and payment and expense management, all on the traveler’s mobile device. Sabre is integrating several best-in-class products into one intuitive mobile platform: the leading online booking capabilities of GetThere, the award-winning itinerary management of TripCase, Sabre’s innovative Virtual Payments solution, as well as relationships with industry leading expense management services. The new solution will simplify the travel management process and enhance business traveler satisfaction while improving corporate travel program compliance and reducing costs for corporations. Managing highly-complex travel programs requires flexibility and scalability. And Sabre’s product platform is an industry-leading solution, providing the ability to integrate with any expense provider, giving the long-term flexibility of an open environment. Corporations and travelers benefit from a seamless import of their booking, payment, and expense data into their preferred expense management solution. “Controlling and managing travel expenses is important for any corporation. But that’s not enough,” said Clinton Anderson, senior vice president of strategy and traveler experience for Sabre. “Travel is a significant corporate investment. Companies need to maximize the value of that investment by using technology that will make business travel easier for the travelers and smarter for the corporation.”
Enhancing the traveler experience throughout the trip is a key objective of the solutions integrated into the product platform. A new traveler survey, The Digital Business Traveler, recently launched by Sabre and the GBTA Foundation, explores how business travelers use technology. The results show that business travelers look to technology to make business travel an easier, more seamless experience but they are forced to use multiple apps and services to manage their trip from beginning to end. Sabre’s objective is to provide a single place to manage all trips.
“As the GBTA study shows, the proliferation of corporate travel tools and apps creates challenges for both the traveler and the travel program. That’s why we’re making a significant investment in a new integrated platform to provide one seamless experience. It’s going to be a better experience for the business traveler. And because it helps them be more compliant and lower transaction costs, it’s a better solution for travel managers, too. It’s a solution that our industry needs and we’re excited to be leading the charge,” said Anderson.
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About Sabre Corporation
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
Forward-Looking statements
Certain statements in this release are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “will,” “intend,” “expect,” “anticipate” 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 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 timing and results of the development of the platform described in this release, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, the financial and business effects of acquisitions, including integration of these acquisitions, adverse global and regional economic and political conditions, including, but not limited to, economic conditions in countries or regions with traditionally high levels of exports to China or that have commodities-based economies, risks arising from global operations, exposure to pricing pressure in the Travel Network business, the implementation and effects of new agreements, dependence on maintaining and renewing contracts with customers and other counterparties, dependence on relationships with travel buyers, changes affecting travel supplier customers, travel suppliers’ usage of alternative distribution models, and competition in the travel distribution market and solutions markets. More information about potential risks and uncertainties that could affect Sabre’s business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections in Sabre’s Annual Report on Form 10-K for the year ended December 31, 2015, in “Risk Factors” in Sabre’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016, and in subsequent public statements or reports filed with or furnished to the Securities and Exchange Commission. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date they are made.
MEDIA CONTACT
Daniel Duarte
Sabre, Corporate Public Relations
Daniel.Duarte@sabre.com
+1 (214) 236-9473
