SOUTHLAKE, Texas, Aug. 29, 2018 /PRNewswire/ -- As revenue and
pricing optimization take center stage today at STX Singapore,
Sabre Corporation (NASDAQ: SABR) announced the results of a recent
study evaluating its next generation Revenue Optimizer solution.
PODS Research LLC (PRL), the premier consulting partnership
renowned for its study of revenue management systems and practices,
evaluated Revenue Optimizer and noted the new solution's "much
improved architecture, speed and stability" compared to previous
versions. PRL consultants also found the underlying models to be
"theoretically sound and based on solid science" and "struggled to
find major modeling or other weaknesses." Adding to PRL's findings,
long-standing Sabre partners Aegean Airlines, Aerolíneas Argentinas
and Ethiopian Airlines have endorsed Revenue Optimizer following
their successful evaluation and initial experiences with the
solution.
"We are thrilled to have this third-party assessment of our next
generation revenue management product," said Dave Shirk, Sabre president of Travel Solutions.
"It's a confirmation that the innovations we're building into
Revenue Optimizer provide real-world value to our customers. We
received stellar marks for its intuitive user interface, customer
choice modeling and interoperability with our existing products –
all benefits we've been very deliberate about pursuing, and we look
forward to adding more refinements in the future."
"We've been using Sabre revenue management for more than 10
years, so moving to Revenue Optimizer was a logical next step for
us in a long-standing partnership," said Roland Jaggi, director of revenue management at
Aegean Airlines. "Our analysts love what they've seen. From a user
interface and interaction standpoint, Revenue Optimizer is bringing
revenue management to the 21st century and is further building on
its leading position in the market."
Revenue Optimizer's strength lies in its ability to provide
airlines with end-to-end control of selling seat inventory, with
estimates that Revenue Optimizer can help airlines increase revenue
by as much as 2 percent – a significant boost in an industry where
additional revenue opportunities are difficult to uncover. Among
the key differentiators and competitive advantages PRL consultants
Dr. Peter Belobaba and Dr.
Bill Brunger noted in their findings
were Revenue Optimizer's market-level forecasting; seasonality;
ability to estimate traffic and allocation; improved architecture
and speed; and easier transition from leg seg to O&D (origin
and destination) with the new Sabre revenue management system, if
an airline plans to transition to a new passenger service
system.
For Aerolíneas Argentinas, the flag carrier of Argentina, implementing Revenue Optimizer was
a crucial goal in 2018. "Thanks to enhanced forecasting
capabilities and a user-friendly dashboard that increases
productivity, our analysts have exceptional decision-making tools
to better inform their long-term strategies," said Alejandro Castignani, Aerolíneas Argentinas
revenue management and distribution manager. "We couldn't be more
pleased that the implementation process went so smoothly. This next
generation tool is vital in a market where competitors are adopting
increasingly aggressive and dynamic tactics, and Revenue Optimizer
gives our highly skilled analysts the tools they need to lead in an
ultra-competitive environment."
These sentiments were echoed by Rahel
Assefa, vice president of marketing management at Ethiopian
Airlines. "As a leading aviation group in Africa, we had to adopt best-in-class
technology solutions. We know we can count on Sabre to help us
accomplish our goals and accelerate growth," Assefa said.
Sabre plans to launch two additional pricing solutions that
complement Revenue Optimizer – Fares Optimizer and Dynamic
Availability – next month at Aviation Festival 2018, one of the
largest aviation and travel technology shows in the world.
About Sabre
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. For more information, please visit
www.sabre.com.
About PODS Research LLC
PODS Research LLC (PRL) is a
consulting partnership based in Houston, focusing on airline revenue
management systems and practices. Its principal consultants, Dr.
Peter Belobaba, Principal Research
Scientist at MIT, Dr. Bill Brunger, former Senior Executive from
Continental Airlines, and Craig
Hopperstad, retired mathematician and scientist from Boeing,
have seasoned knowledge of the industry and bring a wealth of
practical, conceptual and theoretical experience to help airlines
understand and solve their revenue management and planning issues.
Find out more at www.podsresearch.com
SABR-F
Media contact:
sabrenews@sabre.com
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Investor
contact: sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation