SOUTHLAKE, Texas and
PARIS, Jan.
22, 2020 /PRNewswire/ -- Sabre Corporation (NASDAQ:
SABR), the leading software and technology company powering the
global travel industry, and Accor, the world-leading augmented
hospitality group offering unique experiences in more than 5000
hotels and residences across 110 destinations, today announced that
they intend to create the first unified central reservation (CR)
and property management (PM) platform for the global hospitality
industry.
In collaboration with Accor, Sabre intends to develop a new full
service property management capability and enrich its existing
central reservation and limited service property management
systems. These capabilities will combine within a new unified
cloud-native, highly-flexible platform that will be built for and
available to hoteliers across all property classes and geographic
regions.
In this context, Accor would be Sabre's newest enterprise
hospitality customer, adopting Sabre's industry-leading SynXis
Central Reservation System and, ultimately, the new global
technology platform for all its hospitality brands and
geographies.
"We are thrilled to be collaborating with Accor and look forward
to redefining the guest experience together. We know our customers
have historically had limited options in this area, and we are
taking the lead to deliver the solutions that hoteliers have
repeatedly told us they both want and need," said Sean Menke, president and CEO of Sabre
Corporation. "Once developed, this offering will power a new
generation of retailing, distribution and fulfillment solutions
that will enable hotels to drive revenue growth beyond traditional
sources and offer unique personalized services to their guests
around the world."
With a diverse portfolio of brands from luxury to economy and
over 50 years of experience in the industry, Accor offers a unique
perspective on what guests want and hotels need.
"Sabre shares our vision of a future where hoteliers are able to
offer guests an unforgettable, personalized experience that goes
beyond simply being a place or service," said Sébastien Bazin,
Chairman and CEO for Accor. "Partners like Sabre are essential to
helping us effectively leverage existing and new technology to
further accelerate our net supply growth and lower costs for our
hotel owners as well as for the Group."
This initiative underscores Accor's long-term strategy and
global ambition to invest in technological innovations to assure
operational excellence, efficiency, savings and agility to their
owners.
"For Accor, the new technology will bring an opportunity to
further and significantly enhance the Group's core business
activities including hotel distribution, guest recognition and
owner relationships," said Gilles de
Richemond, Chief Information Officer, Accor.
"We expect that the unified CR/PM platform will allow Sabre to
better meet the needs of enterprise hoteliers and will
significantly increase the company's ability to grow its footprint
in the global enterprise hotel segment," shared Justin
Ricketts, President, Sabre Hospitality Solutions. "Sabre's
vision to create a new marketplace for personalized travel relies
on its technology strategy and bold investments for the
future."
Today's announcement demonstrates Sabre's commitment to help
hoteliers operate more efficiently, increase revenue and offer
personalized traveler experiences, further positioning Sabre as the
platform at the center of the business of travel.
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.
About Accor
Accor is a world-leading augmented hospitality group offering
unique experiences in more than 5000 hotels and residences
across 110 destinations. The Group has been acquiring
hospitality expertise for more than 50 years, resulting in an
unrivaled portfolio of 39 hotel brands, from luxury to economy,
supported by one of the most attractive loyalty programs in the
world.
ALL, Accor Live Limitless is a daily lifestyle companion that
integrates rewards, services and experiences bringing value to
everyday life inventing a completely new aspirational way to live
limitless.
Accor is deeply committed to sustainable value creation and plays
an active role in giving back to planet and community via its
Planet 21 – Acting Here program and the Accor Solidarity endowment
fund, which gives disadvantaged groups access to employment through
professional training.
Accor SA is publicly listed on the Euronext Paris Stock Exchange
(ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFF) in
the United States. For more
information visit accor.com. Or become a fan and follow us on
Twitter and Facebook.
Forward-Looking Statements
Certain statements herein 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
"plan," "will," "intend," "vision," "future," "can," "commitment,"
"help," "expect," "anticipate," "may," "should," "would" 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 development and
implementation of the items described in this release, the
financial and business results of these items, the effects of any
litigation and regulatory reviews and investigations, dependency on
transaction volumes in the global travel industry, particularly air
travel transaction volumes, including from airlines' insolvency,
suspension of service or aircraft groundings, travel suppliers'
usage of alternative distribution models, exposure to pricing
pressure in the Travel Network business, changes affecting travel
supplier customers, maintenance of the integrity of our systems and
infrastructure and the effect of any security breaches, 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, the finalization, implementation
and effects of agreements, including any agreements contemplated by
this release, 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, our 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, 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 and the
effect of "Brexit" and uncertainty due to related negotiations,
risks arising from global operations, reliance on the value of our
brands, failure to comply with regulations, use of third-party
distributor partners, the effects of the implementation of new
accounting standards, and tax-related matters, including the effect
of the Tax Cuts and Jobs Act. More information about potential
risks and uncertainties that could affect our business and results
of operations is included in the "Risk Factors" section in our
Quarterly Report on Form 10-Q filed with
the SEC on October 31, 2019, in the "Risk Factors"
and "Forward-Looking Statements" sections in our Annual Report on
Form 10-K filed with the SEC on February 15,
2019 and in our other filings with the SEC. Although we
believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future events,
plans, 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, Sabre
undertakes no obligation to publicly update or revise any
forward-looking statements to reflect circumstances or events after
the date they are made.
SABR-F
Sabre Contacts:
Media
Kristin Hays
Kristin.hays@sabre.com
Heidi Castle
Heidi.castle@sabre.comheidi
214-681-8169
Investor Relations
sabre.investorrelations@sabre.com
Accor Contacts:
Media
Charlotte Thouvard
SVP Group External Communications
Charlotte.THOUVARD@accor.com
+33(0) 6 25 02 03 33
Nicole Lierheimer
Vice President – Public Relations &
Communications
North & Central
America
Nicole.Lierheimer@accor.com
+1 (417) 861-1915
Anne-Cecile Blanchot
annececile@hawkpr.com
(212) 810 7672
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SOURCE Sabre Corporation