Nuvola's dynamic hotel task management and operational
capabilities will enable Sabre's innovative vision for the future
of hospitality retailing
SOUTHLAKE, Texas, May 9, 2022
/PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading
software and technology provider powering the global travel
industry, today announced its acquisition of Nuvola, a
prominent provider of hotel service optimization and guest
engagement software to hoteliers worldwide. The transaction
includes Nuvola technology and guest enablement software as well as
the integration of Nuvola employees to Sabre. Terms of the
agreement were not released.
Leveraging the Nuvola solutions, Sabre expects to advance its
hospitality retailing and merchandising strategy while also
broadening its property and operations abilities. The Nuvola
capabilities will help address the on-property fulfillment
challenges that are created when hoteliers offer an expanded
variety of ancillaries and attributes. Solving this
critical need will empower hoteliers to broaden their
offerings through Sabre's comprehensive retailing, merchandising
and fulfillment capabilities.
"Our vision for the future of hospitality retailing goes beyond
the industry's current focus on selling the room along with a
limited set of ancillaries," said Scott
Wilson, president of Sabre Hospitality Solutions. "Hoteliers
today need new retailing strategies and solutions to help them
deliver memorable, meaningful experiences for guests. Leveraging
Nuvola's capabilities will help us deliver the 'last mile' in the
retailing process, enabling our customers to create and, most
importantly, fulfill differentiated guest experiences."
Created by hoteliers who have a first-hand understanding of
select-service, full-service, and resort-style property processes,
Nuvola equips hotels with intuitive and scalable cloud-based
solutions including task management capabilities, guest messaging
and concierge services, and advanced housekeeping management
solutions.
"Together, we will be able to deliver increased benefit to
hoteliers – not just in the operations space but in retailing as
well," said Juan Carlos Abello,
founder and CEO of Nuvola. "The current standalone Nuvola offerings
will continue to enhance on-property efficiencies for hoteliers.
More importantly, integrating Nuvola capabilities into Sabre's
existing retailing and property management solutions will unlock
new opportunities for hoteliers to deliver a differentiated,
seamless guest experience."
Through this acquisition, Sabre Hospitality is enhancing its
retailing and operations portfolio to help ensure its hotel
customers are able to differentiate themselves and seamlessly care
for their guests.
About Sabre Corporation
Sabre Corporation is a
leading software and technology company that powers the global
travel industry, serving a wide range of travel companies including
airlines, hoteliers, travel agencies and other
suppliers. The company provides retailing, distribution and
fulfilment solutions that help its customers operate more
efficiently, drive revenue and offer personalized traveler
experiences. Through its leading travel marketplace, Sabre connects
travel suppliers with buyers from around the globe. Sabre's
technology platform manages more than $260B worth of global travel spend annually.
Headquartered in Southlake, Texas, USA, Sabre serves customers in more
than 160 countries around the world. For more information
visit www.sabre.com.
Forward-Looking Statements
Certain statements
herein are forward-looking statements about trends, future events,
uncertainties and Sabre's 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 "expect,"
"goal," "outlook," "opportunity," "target," "future," "vision,"
"believe," "trend," "plan," "guidance," "anticipate," "will,"
"forecast," "continue," "strategy," "estimate," "project," "may,"
"should," "would," "intend," "potential," 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 severity, extent and duration of the global COVID-19
pandemic and its impact on Sabre's business and results of
operations, financial condition and credit ratings, as well as on
the travel industry and consumer spending more broadly, the actions
taken to contain the disease or treat its impact, the effectiveness
and rate of vaccinations, the effect of remote working arrangements
on Sabre's operations and the speed and extent of the recovery
across the broader travel ecosystem, dependency on transaction
volumes in the global travel industry, particularly air travel
transaction volumes, including from airlines' insolvency,
suspension of service or aircraft groundings, the
effect of cost savings initiatives, the timing, implementation and
effects of the technology investment and other strategic
initiatives, the completion and effects of travel platforms,
exposure to pricing pressure in the Travel Solutions business,
changes affecting travel supplier customers, maintenance of the
integrity of Sabre's systems and infrastructure and the effect of
any security incidents, 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 and the
effects of these services, implementation and effects of new,
amended or renewed agreements and strategic partnerships, including
anticipated savings, dependence on establishing, maintaining and
renewing contracts with customers and other counterparties
and collecting amounts due to Sabre under these agreements,
dependence on relationships with travel buyers, collection,
processing, storage, use and transmission of personal data and
risks associated with PCI compliance, Sabre's ability
to recruit, train and retain employees, including its key executive
officers and technical employees, the financial and business
results and effects of acquisitions and divestitures of businesses
or business operations, reliance on the value of Sabre's brands,
the effects of any litigation and regulatory reviews and
investigations, 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 related to the current military
conflict in Ukraine, risks arising
from global operations, reliance on the value of Sabre's brands,
failure to comply with regulations, use of third-party distributor
partners, risks related to Sabre's significant amount of
indebtedness, the effects of the implementation of new accounting
standards and tax-related matters. 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
Quarterly Report on Form 10-Q filed with the SEC on May 3, 2022 and in its other filings with the
SEC. Although Sabre believes that the expectations reflected in the
forward-looking statements are reasonable, it cannot guarantee
future events, outlook, guidance, 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
Media Contacts:
Kristin Hays
Kristin.hays@sabre.com
Denise Canelas
denise.canelas@sabre.com
Investors
Kevin Crissey
kevin.crissey@sabre.com
sabre.investorrelations@sabre.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sabre-advances-hotel-retailing-with-acquisition-of-nuvola-301542357.html
SOURCE Sabre Corporation