Saber and BCD Travel announce a significant technology partnership focused on the growth, innovation and evolution of corporate travel. | So Good News

The expanded agreement anticipates significant growth in GDS orders through Saber

Two like-minded companies dedicated to co-investing and collaborating on innovative solutions that seek to accelerate the technology-driven evolution of the industry

SOUTHLAKE, Texas, October 31, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR ) and BCD Travel today announced a long-term, multi-faceted strategic partnership that will provide meaningful growth and advancement for both companies and the travel ecosystem.

Under the new expanded and long-term technology agreement, BCD Travel expects to increase booking levels with Sabre. In addition, the two companies will jointly invest and collaborate on new and cutting-edge solutions that will help accelerate the technology-driven evolution underway in the corporate travel ecosystem.

“BCD Travel has been a long-standing valued partner of Saber. Over the years, we have overcome industry challenges, innovated and grown together. Today, we take another important step in our partnership as we share our mutual commitment to advance the future of travel,” said Kurt Eckert, Sabre’s president. “This agreement reflects our continued commitment to help BCD achieve its goals of diversifying its offerings, improving operational efficiency and growth. Whether it’s in the form of offering solutions or providing solutions, we will continue to build and maintain value-added relationships. I look forward to many years of Enjoyed the BCD throughout.”

The partnership will see the two industry leaders focus on creative solutions to manage growing complexities and evolving customer expectations, as well as turning the impact of technology and market dynamics into opportunities. Saber will continue to leverage its technical expertise, innovation capabilities and corporate sustainability to help BCD succeed globally.

“This agreement is in line with our strategy to improve our agility, flexibility and responsiveness in a changing environment,” said CEO and President of BCD Travel. John Snyder. “By expanding our long-term partnership with Sabre, we will streamline our distribution technology footprint and simplify our operational, technical and future development infrastructure, allowing us to move faster on behalf of our customers while innovating, anticipating and evolving to adapt.” market opportunities. As we focus on post-Covid travel challenges and engage in deeper technology collaboration and co-development areas, we will increase speed to market with features to improve travelers’ planning and booking experience, including enabling NDC.”

The story continues

By expanding and deepening their existing relationship with BCD and Saber, both companies are expected to benefit as Saber pursues its ambitious goals:

• Executing its technology transformation by leveraging the latest smart technologies and digital innovations such as AI and ML for cloud migration, microservice enabled architecture and a future-ready environment that Saber and BCD can leverage.

• Continue to support a balanced distribution economy of suppliers on behalf of travel industry constituents to ensure access to the content customers need.

• Delivering high-quality retail, distribution and fulfillment capabilities across the value chain, including NDC-enabled solutions.

About Saber Corporation

Saber Corporation is a leading software and technology company that powers the global travel industry, serving airlines, hoteliers, travel agencies and other suppliers. The company provides retail, distribution and fulfillment solutions that help its clients operate more efficiently, increase revenue and deliver a personalized traveler experience. Through its leading travel marketplace, Saber connects travel suppliers with buyers around the world. The Saber technology platform manages even more $260 billion annual global travel spending. Headquarters Southlake, Texas, USA, Saber serves customers in more than 160 countries around the world. For more information, visit www.sabre.com.

About BCD Travel

BCD Travel helps companies get the most out of their travel spend. We provide travelers with innovative tools that keep them safe and productive and help them make the right choices on the road. Partner with travel and procurement leaders to simplify business travel, increase savings and satisfaction, and move entire companies toward their goals. In short, we help our customers travel smarter and achieve more. We do this in 106 countries with a 97% global customer retention rate, the highest in the industry. For more information, visit www.bcdtravel.com.

About BCD Group

BCD Group is a market leader in the travel industry. The privately held company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, a global meetings and events agency) and Park ‘N Fly (off-airport parking). For more information, visit www.bcdgroup.com.

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, forward-looking statements can be identified by terms such as “expect,” “anticipate,” “expect,” “believe,” “estimate,” “project,” “may,” “potential,” “potential.” “should”, “was”, “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 could affect Sabre’s actual results, performance or performance. achievements should differ materially from any future results, performance or achievements expressed or implied in the forward-looking statements. Potential risks and uncertainties include, among others, the severity, scope and duration of the global COVID-19 pandemic and its impact. the results of our business and operations, financial condition and credit ratings, as well as travel industry and consumer spending, measures taken to prevent or treat the effects of disease, the effectiveness and speed of vaccinations, the impact of telecommuting, our operations agreements, and the recovery of the broader tourism ecosystem the speed and volume of increases, the dependence on transaction volume in the global travel industry, in particular the volume of air travel transactions resulting from airline insolvencies, service suspensions or aircraft groundings, the timing, implementation and timing of cost-saving initiatives, technology investments and other strategic initiatives; effects, termination and effects of travel platforms, exposure to price pressures in the Travel Solutions business, changes affecting travel suppliers, maintaining the integrity of our systems and infrastructure and the impact of any security incidents, failure to adapt to technological advances, competition in the travel distribution market and solutions market, implementation of software solutions, reliance on third parties to provide information technology services and the consequences, implementation and new effects of these services, am ending or renewed agreements and strategic partnerships; including expected savings, reliance on creating, maintaining and renewing contracts with customers and other counterparties and collecting amounts owed to us under those contracts, reliance on relationships with travel buyers, collection, processing, storage, use and transfer of personal data and PCI compliance risks , our ability to recruit, train and retain employees, including key executive and technical personnel, financial and operating results and the effects of acquisitions and divestitures of businesses or business operations, brands our value, the effects of any legal proceedings and regulatory reviews and investigations, adverse global and regional economic and political conditions, including but not limited to recessionary or inflationary economic conditions, risks related to current military conflict Ukraine, risks arising from global operations, dependence on the value of our brands, the effects of new legislation or regulations or failure to comply with regulations or other legal requirements, the use of third-party distribution partners, risks related to our significant indebtedness, the effects of the implementation of new accounting standards and tax-related issues. Additional information about potential risks and uncertainties that could affect our business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections of our quarterly report on Form 10-Q filed with the SEC. August 2, 2022in our annual report on Form 10-K filed with the SEC February 18, 2022 and in our other filings with the SEC. Although we believe that the expectations expressed in forward-looking statements are reasonable, we cannot guarantee future events, forecasts, guidance, results, activities, activity levels, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Unless required by law, Saber undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date on which they are made.

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SOURCE Saber Corporation