Sabre Corporation | December 21, 2021
Sabre Corporation (NASDAQ: SABR) announced that Air Serbia successfully implemented Sabre's Dynamic Availability software, which will help the airline to actively respond to evolving conditions with optimized pricing information.
Leveraging shopping data as well as information on traveler behavior and other key factors from Sabre's marketplace and other sources, Dynamic Availability applies machine-learning models to generate recommendations that help drive incremental revenue opportunities. The tool allows airlines to optimize their offerings by quickly and precisely responding to changing market dynamics with recommendations based on real-time marketplace data.
"Pricing is one of the most complex issues in the aviation industry – even more so since the onset of the pandemic,Successful pricing is an important aspect of sophisticated retailing, and airlines like Air Serbia need the right information to help maximize revenue. Beyond unlocking incremental revenue potential, our Dynamic Availably solution reduces the time spent on manual calculations, increases analyst efficiency and allows our customers to focus on delivering a superior traveler experience."
-Dino Gelmetti, Vice President EMEA, Sabre Travel Solutions
To further enhance its offering agility and precision, Air Serbia is actively collaborating with Sabre to advance airline revenue management through this period of recovery. As part of this discussion, the airline is exploring opportunities to partner with Sabre on its recently launched Sabre Price IQ product. Considering traveler segment and trip intent from the shopping request combined with artificial intelligence and machine learning, Air Price IQ supports airlines in their efforts maximize revenue opportunities while providing a seamless experience to its travelers.
"As we embark on a period of ambitious recovery and growth, building cutting-edge technology using real-time data, artificial intelligence and machine learning will be key to our success,We are excited to partner with Sabre on these intelligent software solutions that will redefine our fare pricing and passenger experience."
-Jiri Marek, General Manager Commercial and Strategy at Air Serbia.
Air Price IQ is part of Sabre's Retail Intelligence suite. Powered by Sabre Travel AI™ – an innovative capability that integrates Sabre technology with state-of-the-art AI technology and advanced machine-learning services – the new technology will allow airlines to dynamically provide offers to travelers based on preferences, marketplace insights and purchase probability, creating a more personalized and better traveler experience.
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 Air Serbia
Air Serbia was launched under that name in October 2013 as the national airline of the Republic of Serbia. From three airports in Serbia (Belgrade, Niš, Kraljevo) it flies to destinations in Europe, the Middle East, North America and Africa, in passenger and cargo traffic. The airline also offers long-haul and international destinations in Asia, Australia, North America and Africa via its codeshare partners. Air Serbia's fleet includes one wide-body, 10 narrow-body and 5 turboprop aircraft. Find more information about the activities of the Serbian national airline at Air Serbia Media Centre.
Wego | February 21, 2022
Wego, the leading online travel marketplace in the MENA region announced that it has signed a definitive agreement with the Flipkart Group, India's homegrown e-commerce ecosystem, to acquire Cleartrip's Middle East business. This transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart.
The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals.Cleartrip is a pioneer of online travel in India and is famous and much loved by customers for its user-friendly interface and industry-first initiatives. Cleartrip expanded organically into the Middle East region in 2010 and acquired Riyadh based Flyin.com in 2018, which played a similar role in kick-starting online travel in Saudi Arabia. Wego and Cleartrip both have their regional headquarters located in Dubai Internet City.
"Cleartrip and Flyin are both product-driven companies with best-in-class OTA technology that have established strong brands and strong positions across the Middle East, We are excited to welcome Cleartrip Middle East and Flyin into the Wego group. The Middle East is set to be one of the most exciting growth stories of the next decade with the travel & technology sectors taking center stage and with the Wego group playing a very crucial role. This acquisition will significantly increase our scale and capabilities and will strengthen our ability to partner and collaborate across our region. We are also excited to begin a multi-faceted partnership with Flipkart that will involve us sharing a brand across regions and co-operating on technology."
-Ross Veitch, CEO & Co-Founder of Wego.
The opportunity in travel tech for India is vast, and through Cleartrip, we have been able to provide our customers with a wide range of travel experiences and deeper value,"said Ravi Iyer, Senior Vice President and Head - Corporate Development, Flipkart. "Given our strategic priorities and focus on the Indian market, the acquisition of Cleartrip's Middle East business by Wego provides continuity to its business, and we believe that they are the right partners to boost its next phase of growth. We thank Stuart for his leadership and partnership over the past year as Cleartrip India has become an integral part of the Flipkart Group and wish him and the Wego team continued success.
"Our focus is clear, building a world-class online travel business emanating from the Middle East but with global ambitions. The region is well placed to be the engine of growth for travel both as a destination and as a highly mobile, digital-savvy demographic looking for choice and value. By joining forces with Wego, we are able to offer everything from search to service and to contribute meaningfully to that story."
-Stuart Crighton, Co-Founder and Head of Cleartrip's International Business,
Rothschild and Co. were exclusive advisors to Flipkart on this transaction.
Wego operates the largest online travel marketplace in the Middle East and North Africa (MENA) region and provides award-winning travel search websites and top-ranked mobile apps.Wego harnesses powerful technology to automate and simplify the process of searching, comparing, and booking travel across hundreds of airlines, hotel chains and online travel agencies.Founded in 2005, Wego is dual headquartered in Dubai and Singapore and is backed by investors including Tiger Global Management, Crescent Point, Square Peg Capital, Middle East Venture Partners, and the MBC Group.
About the Flipkart Group
The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Health+, Flipkart Wholesale, and Cleartrip. The Group is also a majority shareholder in PhonePe, one of the leading Payments Apps in India.Started in 2007, Flipkart has enabled millions of consumers, sellers, merchants, and small businesses to be a part of India's digital commerce revolution, with a registered customer base of more than 350 million, offering over 150 million products across 80+ categories. Our efforts to democratize commerce in India, drive access and affordability, delight customers, create lakhs of jobs in the ecosystem, and empower generations of entrepreneurs and MSMEs have inspired us to innovate on many industry firsts. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations have made online shopping more accessible and affordable for millions of Indians. Together with its group companies, Flipkart is committed to transforming commerce in India through technology.
DESTINATION AND TOURISM
Trek Travel | February 08, 2022
Trek Travel, a leader in adventure and cycling travel, announces a partnership with experiential travel operator AutoCamp to bring two first-of-their-kind trips into its portfolio with Trek Travel Palm Springs & Joshua Tree AutoCamp and Trek Travel California Wine Country AutoCamp. This comes on the heels of its 2022 new portfolio with 12 all-new destinations and opportunities to discover the world by bike.
Trek Travel has been chosen by Travel + Leisure as one its “World’s Best Tour Operators” for 2021, ranking it in the top ten in the world for adventure, luxury, and commitment to service. It had also made this list in 2016 and 2018. The company has consistently been recognized by guests and travel enthusiasts alike for its wide portfolio of trips, exceptional guides, and partnership with Trek Bicycle which yields a deep selection of industry-leading equipment for every trip.
AutoCamp offers overnight lodging and accommodations in modern Airstream suites and luxurious tents at locations in Cape Cod, Yosemite National Park, the Russian River Valley, and Joshua Tree National Park. AutoCamp brings high-end, boutique-style amenities, mid-century modern design, and welcoming hospitality to some of the world’s most beautiful natural places.
The two new trips, Joshua Tree/Palm Springs and California Wine Country are innovative offerings designed to combine the natural beauty of experiential travel with the riding, dining, and adventure of a Trek Travel cycling vacation. Both trips offer hiking, exceptional dining, and plenty of cycling.
“We’re overjoyed to partner with AutoCamp on these new adventures, We’re always pushing to find new ways to travel and wow our guests. The Airstream suites of AutoCamp are truly unique and offer incredible luxury and amenities in a wide variety of locations not normally accessible to hotels. They’re the perfect way to relax in places our guests would not expect.”
-Tania Burke, CEO of Trek Travel.
Trek Travel is the perfect partner for our Airstream suite experiences,” notes Taylor Micaela Davis, Senior Director of Marketing for AutoCamp. “Our Airstream suites give you all the joy of camping without the hassle. Booking one of our suites means all you have to do is check-in and make the most of your time in the great outdoors. They’re the perfect complement to a day of riding.
Booking begins on January 28th. To learn more, visit https://TrekTravel.com.
About Trek Travel:
Trek Travel provides cycling vacations of a lifetime in the world’s most beautiful destinations. From luxury experiences to easygoing self-guided adventures, the bike tour brand has a trip for every rider out there. Their trips include the use of award-winning Trek bicycles, including e-bikes, so you can ride the best routes with the best gear. Trek Travel has been crafting unforgettable cycling vacations for 20 years, and was most recently recognized by Travel + Leisure’s World’s Best Awards 2021 as one of the top tour operators in the world.
AutoCamp is where great design meets the great outdoors. Its design-forward accommodations in nature make spending time outdoors fun and easy for everyone. Reconnect with nature, each other, and yourself in Sonoma, Yosemite National Park, and Cape Cod, with upcoming locations in Joshua Tree, Zion, and Catskills. The company has been recognized by USA Today 10Best Readers’ Choice 2021, Bloomberg Pursuits as one of the Places to Travel 2020, TIME as World’s Greatest Places 2019, awarded Hospitality Design’s Award for Lodges + Camps 2020, and included in Hospitality Design’s 2021 Openings Hot List. To learn more, visit https://autocamp.com.