Sabre Virtual Payments adopted as B2B payment
provider
SOUTHLAKE, Texas, Nov. 14,
2023 /PRNewswire/ -- Sabre
Corporation (NASDAQ: SABR), a leading software and
technology provider powering the global travel
industry, today announced a multi-year renewal
agreement with lastminute.com N.V. ("lastminute.com"), a European
travel tech leader in dynamic holiday packages. Under the long-term
technology agreement, lastminute.com expects to drive a better
customer experience with Sabre's advanced shopping and virtual
payments solutions.
Using Sabre's rich GDS content and Bargain Finder Max shopping
API, lastminute.com will be able to build and display compelling
itineraries for travelers in seconds. This will help enable the OTA
to customize booking experiences by tailoring search results for
the most relevant fares, based on itinerary preferences.
"Sabre is foundational to lastminute.com's technology strategy,
and the support of our shopping and payment capabilities are areas
that are keys in our partnership," said Luca Concone, CEO,
lastminute.com. "We are in a strategic partnership that drives
technology innovation to help travel companies increase customer
loyalty and drive revenue, and in turn are creating a turn-key
travel planning and booking experience for the end user."
As a B2B payments provider to lastminute.com, Sabre Virtual
Payments technology offers increased flexibility and control,
enhanced fraud protection and security, accurate
reconciliation, and better payment automation and efficiency.
"Lastminute.com has the ability to provide a seamless customer
experience from shopping, booking and payment and that translates
into the ability to gain more share of wallet for the online travel
agency," said Roshan Mendis, Chief
Commercial Officer for Sabre Travel Solutions. "We help drive
conversion with customer-centric technology and cloud-native
microservices enabling more agility and shopping products to
turbocharge the retailing experience."
Through the Sabre GDS, lastminute.com will have access to more
than 400 airlines, 1.6 million lodging options, and hundreds of
tour operators, rail, and car rental providers to sell customized
travel packages from suppliers around the world.
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 traveller
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.
About lastminute.com
Lastminute.com
is the European Travel-Tech leader in dynamic holiday
packages. It operates a portfolio of well-known brands such
as lastminute.com,
Volagratis, Rumbo, weg.de,
Bravofly, Jetcost and Hotelscan.
Our mission is to lead the travel industry by leveraging technology
to simplify, personalise, and enhance our customers'
travel experience. We continuously invest in talented people who
ensure our offering is closer to the needs of the customers and
keep us at the cutting edge of technology evolution. We run our
business in 17 languages and 40 countries, with more than 1,500
employees spread across our offices worldwide, developing our own
products and services to power the entire traveler journey for
millions of people. lastminute.com
N.V. is a publicly-traded company listed under
the ticker symbol LMN on SIX Swiss
Exchange.
SABR-F
Media Contacts:
Kristin Hays
Kristin.hays@sabre.com
Heidi Castle
heidi.castle@sabre.com
Investor Contact:
Brian Roberts
sabre.investorrelations@sabre.com
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SOURCE Sabre Corporation
