SINGAPORE, May 7, 2019 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), the leading technology provider to
the global travel industry, today reveals the results of a survey
that compiles insight from over 70 corporate travel management
companies (TMCs) from across Asia
Pacific, revealing the latest trends in terms of regional
bookings. Sabre's survey discloses that as economic growth
continues to sweep across the region, more and more companies are
expecting their corporate travel managers to contribute to their
business success, asking them to look for door-to-door travel
booking solutions, demanding expense integration and, most
importantly, to identify cost-saving opportunities.
Almost seven in 10 (65%) respondents admit they are asked to
identify cost savings, and this cost-conscious approach is
encouraging travel managers to find new ways to minimize spending.
While premium economy continues to gain ground in the region, one
travel manager in three has recorded an increase of close to 5% in
premium economy bookings over the last year. As travel-related
expenses become a central consideration for companies, the survey
also reveals that downgrades – shifting reservations from business
to economy class – account for close to 40% of their bookings.
What's more, almost one in four have identified a significant
increase in their LCC share of volume.
The survey also reveals that 32% of respondents expect solutions
that enable mobile booking capacities will become mainstream within
the next two years, but only 10% believe that virtual payment
solutions will gain widespread acceptance – an unfortunate
conclusion, as virtual payments are a tremendous asset for
corporate travel management companies looking to optimize their
reporting capabilities through rich data capturing, and help to
better manage revenue.
Finally, the Sabre Corporate Travel Survey also reveals that
robust travel policies and better visibility of the total cost of
trips are anticipated to become much more important in the next two
years. Travel policy compliance remains an important cause for
concern, with 76% of respondents indicating that travelers are
using online consumer sites offering lower fares and rates to shop
for their travel.
"The results of this survey reflect the critical role of TMCs in
assuring the business success of their clients, and Sabre is
pleased to supply cutting-edge technology solutions that fuel this
valuable partnership," said Todd
Arthur, vice president, Sabre Travel Network, Asia Pacific. "More than ever, members of the
travel industry need to work closely together to enable a smooth,
relevant shopping experience for the traveler. For Sabre,
collaboration with leading TMCs is enabling our ability to innovate
and to continually reimagine the business of travel," he
added.
"We partner with our clients, helping them to seek new ways to
maximize revenue and reduce their costs, thus achieving their
business goals. Whether it's through data-driven insights or
traveler engagement tactics, together we drive change with
innovative concepts and products. By working with Sabre, who enable
us to have access to global content and thus contribute to our
revenue management and reporting capabilities, we have become
strategic partners to our clients across the region, and the
globe," said Greg O'Neil, president
Asia Pacific, BCD Travel.
For more information about the technology solutions that can
contribute to your business success, visit www.sabre.com.
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.
Media Contact:
Maxime-Elisabeth Illick
Public Relations Manager
Email: maxime.illick@sabre.com
Telephone: +65 6426 0088
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SOURCE Sabre Corporation