SOUTHLAKE, Texas, Dec. 1, 2015 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), the leading technology provider to the
global travel industry, has launched a new online community site to
share prototypes and some of its latest innovations with the
travel industry. The Sabre Innovation Hub, accessible on Sabre.com,
highlights new and innovative prototypes and gives customers,
developers and other travel industry stakeholders a forum to
provide feedback on the concepts presented.
"Our investment in the Sabre Innovation Hub is driven by our
commitment to create an open dialogue and transparent collaboration
with customers, developers and other stakeholders," said
Ben Vinod, chief scientist and
senior vice president of research at Sabre. "The Sabre Innovation
Hub is a way for people to experience the next wave of travel
technology concepts as they are happening and before they are even
fully developed. Because it is an open community, we hope to give
potential partners and customers greater insights into what Sabre
is developing for the future."
To make these new ideas available to the public in real-time,
the Sabre Innovation Hub showcases some of the solutions Sabre is
exploring to improve travel through advanced decision support and
leveraging the latest technologies. It includes a survey on each
interaction to gather visitor feedback. Sabre expects
to add new concepts and prototypes to the Sabre Innovation Hub
on a frequent basis.
The creation of this hub is part of an increased focus on
providing insight into how technology is evolving in ways that
helps the travel industry transform from today's operations to
tomorrow's industry needs. Key areas of advancements include data
and analytics, retailing capabilities, the importance of operating
in a mobile world, and a focus on enhancing the traveler
experience. The site currently features these exciting
concepts, among others:
Preference Based Shopping - Shopping for air travel can
be a daunting, time consuming task, and can be especially
frustrating when you feel pressure to buy quickly because fares are
going up in real time. Most travel websites return a long list of
itineraries and leave it to travelers to select which one is best –
considering departure and arrival time, layovers and connections,
and fare. Live travel agents provide a more personalized
shopping experience by considering these trade-offs and selecting
an itinerary they feel is best for the traveler based on their
knowledge of their preferences and past behavior.
Sabre's new Preference Driven Air Shopping prototype provides a
similar experience by using a trade-off algorithm that determines
the best itinerary for the customer. This application uses
intelligence from past shopping patterns and customer preferences
to deliver a more refined, personalized set of search results. The
traveler can then compare the itineraries and make new selections,
and the application will yield new results that continue to grow in
relevance over time.
Hotel Insta-Search - Shopping for a hotel can be tedious.
Travelers must select a hotel property before they can see prices
beyond the standard room rate. To address this problem, Sabre
created a hotel shopping prototype that allows users to search both
property amenities and room type all in an easy-to-read, searchable
map. The application supports calendar shopping. While still
conceptual, this application could allow travelers to zoom in and
out of the map while automatically identifying properties that meet
their pre-selected preferences such as specific neighborhood,
proximity to a landmark, room rate and type, free wireless in
rooms, free parking, free breakfast and more.
Strategic Fare Optimizer – Have you ever wondered how
airlines come up with the different fares for different flights?
Most airlines today have rules-based, tactical pricing tools to
monitor airfares for changes and implement their responses - an
approach that Sabre introduced with AirVision Fares Manager in the
early 1990s. Now we are exploring a different approach to introduce
proactive pricing for airlines. Our latest prototype, Strategic
Fare Optimizer, is a new advanced decision support tool that helps
airlines evaluate fare structures in markets based on stated goals
and a range of scenarios. The end result is a pricing solution that
is more in tune with the changing marketplace as well as consumer
buying patterns.
Registered visitors can interact with these concepts and provide
feedback on their usefulness. Like open-source developing, this
type of open-feedback relationship encourages creativity and
efficiency that benefits both Sabre and its customers.
About Sabre Corporation
Sabre Corporation is a leading
technology provider to the global travel and tourism 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 $120 billion of estimated travel
spend annually by connecting travel buyers and suppliers.
Headquartered in Southlake, Texas,
USA, Sabre operates offices in approximately 60 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," "expect,"
"hope," concept," "can," "could," explore," result" 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 implementation of the concepts and prototypes described
in this release, the results of such implementation, and future
concepts or prototypes to be provided. More information about
potential risks and uncertainties that could affect Sabre's
business and results of operations is included in Part I, Item
1A, "Risk Factors" in Sabre's Annual Report on Form 10-K for the
year ended December 31, 2014, in "Risk Factors" in Part II,
Item 1A of Sabre's Quarterly Report on Form 10-Q for the
quarter ended September 30, 2015, in "Risk Factors" included
as an exhibit to Sabre's Current Report on Form 8-K filed on
November 4, 2015, 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:
Heidi
Castle
Sabre Corporation
682-605-4290
heidi.castle@sabre.com
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SOURCE Sabre Corporation