Sabre Travel Network Signs Letter of Understanding to Expand Into the Host Agency Market in Canada with Travel Source Network
20 July 2006 - 10:00PM
Business Wire
Sabre Canada announced today it has entered a Letter of
Understanding with Travel Source Network "At Home Travel" business
based in Canada. Sabre Travel Network will partner with Travel
Source Network to promote together the host agency business in
Canada that has been successful in the U.S. as Nexion. Nexion is
the largest host agency in the United States with more than 2,000
participating members and sales in excess of $200 million. Nexion's
success has been overwhelming in the U.S. during the last three
years of operation and Sabre is looking at this new partnership, in
Canada, as a natural extension to their current offerings. "Travel
Source Network will work closely with Nexion to offer the best
solutions and content to our members," said Larry Finn, president
of Travel Source Network. "This is yet another sign that Sabre is
concentrating on strengthening the agency channel by focusing not
only on technology but also on products, content and services that
can greatly reduce retail travel agencies current operating
expenses. In addition, Nexion provides unique marketing
opportunities utilizing sophisticated customer relationship
management programs and data base marketing services designed to
drive business to its members." "We have been watching the Canadian
market closely and the evolution of the host agency business for
the past two years as we have honed the program in the U.S.," said
James McNair, president of Sabre Canada. "The market conditions are
excellent in Canada and we expect through our partnership with
Travel Source Network, that they will become the market leader in
the very near future. No existing company in Canada can offer the
unique technology platform, buying power or services which Sabre
Travel Network and Nexion bring to the marketplace." Finn is
extremely pleased with the partnership opportunities Sabre Travel
Network and Nexion provide. "Larry has a proven track record with
Sabre during the past 20 years, building a number of highly
successful travel businesses. He is the ideal partner for Sabre
Travel Network to expand into this new and emerging model in
Canada," McNair added. Travel Source Network was the first "At Home
Travel" host agency in Canada established in 1993. Finn said, "We
have taken the last eight months rebuilding the foundation,
technology platform, systems and processes, preparing for an
aggressive growth over the next three years. From day one, our goal
has been to be the largest most successful host agency system in
Canada and we are on track." About Sabre Travel Network Sabre
Travel Network, a Sabre Holdings company, provides access to the
world's leading global distribution system (GDS). The Sabre GDS is
a ready-built efficient marketplace that connects suppliers,
including hundreds of airlines and thousands of hotels, with more
than 50,000 travel agency locations. Suppliers get access through
one single connection; travel agents get real time access to
thousands of travel products from multiple suppliers through one
source integrated into their businesses; consumers get access to a
global supermarket of the world's greatest travel possibilities.
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 in the United
States that enables members to sell more products from preferred
travel suppliers using sophisticated market intelligence. Sabre
Holdings (NYSE:TSG) connects people with the world's greatest
travel possibilities by 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.
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