Sabre invests USD150m into supporting new strategic goals

Travel Daily Media | February 27, 2020

US-based travel tech firm Sabre has unveiled software and technology provider that powers the global travel industry, today announced they have sunk USD 150 million into a set of strategic priorities that the company believes will boost growth and create long term shareholder value. As part of its vision to lead a new marketplace for personalised travel, Sabre detailed five strategic initiatives that are intended to increase the company’s addressable market across its business, deliver revenue and market share growth and improve the overall margin structure.

Spotlight

Business tourism or business travel is a more limited and focused subset of regular tourism. During business tourism (traveling), individuals are still working and being paid, but are doing so away from both their workplace and home. Some definitions of tourism exclude business travel. However, the World Tourism Organization (UNWTO) defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business, and other purposes".

Spotlight

Business tourism or business travel is a more limited and focused subset of regular tourism. During business tourism (traveling), individuals are still working and being paid, but are doing so away from both their workplace and home. Some definitions of tourism exclude business travel. However, the World Tourism Organization (UNWTO) defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business, and other purposes".

Related News

TRAVEL TECHNOLOGY

Air Serbia to grow revenue opportunities with retailing solutions from Sabre

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.

Read More

TRAVEL TECHNOLOGY

Corporate Travel Technology Specialist Trondent Adds Covid Controls to Pre-Trip Approval Tools

Trondent | January 14, 2021

Corporate travel technology expert Trondent Development Corp. has added another Covid-19 informing add-on to its Authorizer AI and Authorizer Pro pre-trip approval platforms, empowering travel supervisors to convey important Covid-related data and cautions via email to travelers and trip approvers, the organization reported. Travel administrators can choose from various data parameters to decide when an alarm is sent and which data is incorporated, in view of organization strategy, Trondent said. Messaging can incorporate a scope of traits for a particular objective, for example, number of cases, late contamination patterns, lockdown and social removing boundaries and passage necessities. When a traveler attempts to book an outing, an email specifying in- and out-of-compliance aspects of the booking is sent to the approver, who can approve or deny the request. After an trip is endorsed, the traveler gets an email with destination-relevant Covid-related information and corporate policy information. Pre-trip endorsement boundaries have seen a resurgence in the midst of the continuous Covid-19 pandemic as corporate travel managers try to satisfy duty-of-care responsibilities. Suppliers including Adelman Travel and Cornerstone Information Systems have turned out new devices intended to incorporate Covid-explicit policy elements into pre-trip approval flows.

Read More

HOSPITALITY TRENDS

Davidson Hospitality Group Expands Resort Portfolio With Addition Of Lake Tahoe Resort Hotel

Davidson Hospitality Group | November 10, 2021

Davidson Hospitality Group announces the signing of Lake Tahoe Resort Hotel in South Lake Tahoe, Calif. to be operated under the company's Davidson Resorts operating vertical. A year-round playground in the West Coast's premier ski destination, the 399-suite landmark resort is situated at the base of Heavenly Mountain Resort in the Sierra Nevada, steps from the Heavenly Gondola and within moments of hiking, biking, lake activities, golf and world-class entertainment. Lake Tahoe Resort Hotel is the third ski destination property to join the leading hospitality management company's Davidson Resorts portfolio, which is comprised of large-scale, highly activated hotels and resorts with multiple food & beverage outlets, retail, and leisure activities. Lake Tahoe Resort Hotel offers three food & beverage experiences: Echo restaurant centered on seasonal American fare for lunch and dinner; My Tahoe Café with an assortment of specialty coffees, pastries and light meals; and daily breakfast served in the Garden Atrium. The resort's amenities also include a heated indoor swimming pool and whirlpool, a fully-equipped fitness center, more than 8,000 square feet of indoor function space, and a seasonal ski valet. "The pandemic has changed the way people travel, and destinations like Lake Tahoe have exactly what travelers are looking for, from fresh air and a connection to nature to fun activities for the entire family,We see true opportunity to create value here. With the power of Davidson—our exceptionally talented team, deep corporate resources, experience managing complex revenue streams and success in activating experiential programming—we look forward to maximizing the full potential of Lake Tahoe Resort Hotel." -Davidson Hospitality Group's President, Thom Geshay. AboutLake Tahoe Resort Hotel Renowned for its scenic beauty, Lake Tahoe is a premier resort market with remarkable natural terrain for outdoor recreation including water and mountain activities in spring, summer, and fall as well as snow sports during the winter season in one of North America's largest ski areas.For more information on Lake Tahoe Resort Hotel, visit www.tahoeresorthotel.com. About Davidson Hospitality Group Davidson Hospitality Group is an award-winning, full-service hospitality management company comprised of 67 existing hotels and resorts; more than 165 restaurants, bars and lounges; and nearly 1.5 million square feet of meeting space across the United States. A trusted partner and preferred operator for Hilton, Hyatt, Kimpton, Marriott, and Margaritaville, Davidson offers a unique entrepreneurial management style and owners' mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company's heritage of delivering value, Davidson Hospitality Group is comprised of four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group. For more information, visit www.davidsonhospitality.com. Follow us on Instagram: @davidsonhospitality and Twitter: @DavidsonHospGrp. Like us on Facebook: @DavidsonHospitalityGroup. Connect with us on LinkedIn: @DavidsonHospitalityGroup. #DavidsonHospitality

Read More