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Sabre Travel Network Introduces New Contract Program for Small to Medium-Size
Travel Agencies
Assured Vantage Offers More Agency-Friendly Terms and No-Haggle, Structured
Incentive Schedule
SOUTHLAKE, Texas, Feb. 25 /PRNewswire/ -- Sabre Travel Network announced today
the Assured Vantage program, a new contract offering for small to medium-sized
travel agencies in the U.S. who renew or sign new agreements to use the Sabre
global distribution system (GDS). The new program offers more agency-friendly
contract terms, such as reducing the risk of traditional booking volume
shortfalls, and introduces a new, simple incentive schedule.
"We are essentially bringing no-haggle pricing to our customers where pricing
has often been anything but transparentfor them," said Hugh Jones, senior vice
president of Sabre Travel Network, North America. "In addition, we're
delivering flexibility and predictability, while reducing the risk associated
with traditional GDS contracts, as our agency customers have requested."
Key components of the Assured Vantage program include:
-- Volume booking commitments will no longer be required to participate
in the Sabre system. Instead customers will commit a percentage of
their GDS bookings to Sabre Travel Network.
-- Travel agencies can now select an incentive plan with no booking
volume commitments or related shortfalls, significantly reducing
travel agency risk.
-- Travel agencies will continue to have the option of receiving a
portion of their incentives as a signing bonus with an associated
low-risk booking commitment.
-- Message charges (also known as "Scan") will be eliminated for most
customers.
-- Incentive rates will be set based on a simple, structured table that
results in incentives based on volume, not negotiating skill or luck.
On average, incentives for 2004 contract renewals under the Assured Vantage
program will be approximately equal to the incentive value agencies receive on
their existing contracts. Existing agency contracts will be honored until their
expiration, although Sabre Travel Network will work with any agency interested
in transitioning to this new contract program early.
"The value Sabre Travel Network offers small to medium-sized agencies has never
been stronger," Jones continued. "We've secured the lowest published fares from
all six major U.S. network airlines, and offer unmatched programs, tools and
technology to help agencies increase revenues and lower costs."
Customers can find more information on the Assured Vantage Program by visiting
the Sabre Travel Network Website at http://www.sabretravelnetwork.com/ .
About Sabre Travel Network
Sabre Travel Network, a Sabre Holdings company,provides access to the world's
leading global distribution system (GDS) enabling agents at more than 53,000
agency locations worldwide to be travel experts. The Sabre GDS, the first
system to connect the buyers and sellers of travel, today includes more than 400
airlines, approximately 60,000 hotels, 41 car rental companies, nine cruise
lines, 36 railroads and 200 tour operators. Key brands of Sabre Travel Network
include GetThere, the leading Web-based corporate travel reservation technology,
and Jurni Network, the unique leisure travel agency consortium that enables
members to sell more products from preferred travel suppliers using
sophisticated market intelligence.
Sabre Holdings Corporation (NYSE:TSG) is a world leader in travel commerce,
retailing travel products and providing distribution and technology solutions
for the travel industry. More information about Sabre Holdings is available at
http://www.sabre-holdings.com/ .
Statements in this release which are not purely historical facts, including
statements about the anticipated benefits of the Assured Vantage program
initiative or other statements about anticipations, beliefs, expectations,
hopes, intentions or strategies for the future, may be forward- looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. Readers are cautioned not to place undue reliance on
forward-looking statements. All forward-looking statements are based upon
information available to Sabre Holdings Corporation on the date this release was
issued. Sabre Holdings Corporation undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Any forward-looking statements involve
risks and uncertainties that could cause actual events or results to differ
materially from the events or results described in the forward-looking
statements, including risks or uncertainties related to Sabre Holdings
Corporation's efforts to control the growth of incentives. Sabre Holdings
Corporation may not succeed in addressing these and other risks. Further
information regarding factors that could affect our financial and other results
can be found in the risk factors section of Sabre Holdings Corporation's most
recent filing on Form 10-Q with the Securities and Exchange Commission.
DATASOURCE: Sabre Travel Network
CONTACT: Nanci Williams of Sabre Holdings Corporation, +1-682-605-2271,
or
Web site: http://www.sabretravelnetwork.com/
http://www.sabre-holdings.com/