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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sabre Corporation | NASDAQ:SABR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 1.28% | 3.17 | 3.17 | 3.18 | 3.20 | 3.13 | 3.13 | 341,964 | 15:22:39 |
SOUTHLAKE, Texas, Aug. 30, 2018 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) and Carlson Wagonlit Travel (CWT) have announced a new long-term agreement that broadens their long-standing business partnership and deepens the companies' close collaboration on technological innovations being developed for mutual growth and success.
For more than 25 years, Sabre has provided a broad portfolio of retailing, distribution and fulfilment solutions to CWT across the U.S., Canada and Latin America as well as key markets in Europe, the Middle East, Africa and the Asia Pacific region. This strategic agreement builds upon that history with new initiatives that expand their business and technological relationship and reinforces Sabre's role as a core distribution partner for CWT.
"Enhancing our strategic partnership with Sabre is an important step for CWT that reinforces our mutual growth," said Vince Chirico, senior vice president of global network & technology partners for Carlson Wagonlit Travel. "We expect to realize accelerated innovation, operational simplification and gains in digital user experience as a result of this expanded relationship."
Under the new agreement, Sabre will continue to provide and enhance its leading GDS distribution services to CWT travel agents and customers throughout North America and in other regions as the company supports its global corporate customers.
"We are completing our technology evolution to deliver the world's most advanced travel platform, which enables us to offer CWT faster innovation and more flexible solutions infused with data-driven insights," said Wade Jones, president of Sabre Travel Network. "We stand ready to help CWT achieve its mission to grow and optimize their business, while making business travel easier."
Earlier this month Sabre announced CWT as a launch partner in the Beyond NDC program, which is a collaborative innovation initiative chartered to drive the industry forward through the development, integration and testing of end-to-end capabilities to process NDC-enabled offers and orders.
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.
SABR-F
Media Contact:
Heidi Castle, Sabre
+1 682-605-4290
Heidi.castle@sabre.com
View original content with multimedia:http://www.prnewswire.com/news-releases/sabre-and-carlson-wagonlit-travel-expand-long-term-business-partnership-with-new-strategic-agreement-300704521.html
SOURCE Sabre Corporation
Copyright 2018 PR Newswire
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