SOUTHLAKE, Texas, Oct. 3, 2017 /PRNewswire/ -- Sean Menke,
president and CEO of global travel technology leader Sabre
Corporation (NASDAQ: SABR), told senior executives gathered at an
industry conference today in Dallas that the continued growth of low cost
carriers (LCCs) and downward pressure on airline pricing are
driving factors of the new technology landscape. Menke
emphasized that Sabre is committed to leading on the development of
next generation distribution and retailing solutions that leverage
the International Air Transport Association's (IATA) New
Distribution Capability (NDC) in ways that will benefit airlines,
travel retailers and consumers.
Menke said that the development of NDC standards was just the
first step in a series of changes that will impact the way airlines
market their services and how travel agencies retail those services
to consumers. But there are a host of other implications,
including airline revenue management, ticketing fulfillment and
servicing and other back-office functions that travel agencies
provide in support of airlines – most especially travel management
companies that support business travelers. "Sabre has a
history of bringing together the interests of travel suppliers and
travel retailers and finding ways for technology to move the
industry forward. The conversations we have today with
airlines and agencies are very different from our discussions even
a few years ago. The forward-thinking people are focused on driving
value creation for airlines and agencies alike. That's how we will
make NDC work. Over the coming months, we'll be talking more
about how we will bring this to market, but we have no intention of
giving up the technology leadership role we have played
historically," said Menke.
Menke observed that while there is a perception of airline
industry consolidation steering airline financial results, "the
real impact on airline economics has been the explosive growth of
low cost carriers, impressively moving beyond the leisure travel
market and successfully driving pricing and competition across both
the business and leisure travel segments," said Menke. "These
factors – which we see at various levels in all regions of the
globe – require traditional carriers to differentiate their
offerings and find new ways to drive revenue growth while still
competing for the price-conscious traveler."
Menke spoke at The Beat Live, an annual gathering of travel
industry executives who represent airlines, hotels and travel
management companies. He reiterated Sabre's commitment to NDC
standards, saying that the company is already Level 1 compliant
with a roadmap to become Level 2 and Level 3 compliant in 2018.
"NDC started the public conversation about building out a new
level of technology standards that enable airlines to offer more
customized products and services, indicative of the branded fares,
ancillary services and digital retailing trends that characterize
air travel today," said Menke. "We are fully committed not
only to incorporating NDC standards, but giving them broader
application so that airlines, agencies and consumers will get the
full benefit of what NDC intends to accomplish."
About Sabre
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
Contacts:
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Media
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Investors
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Tim
Enstice
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Barry
Sievert
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682-605-6162
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sabre.investorrelations@sabre.com
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tim.enstice@sabre.com
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SOURCE Sabre Corporation