Sabre Travel Network and Expedia Announce Multi-Year Agreement
06 May 2004 - 10:06AM
PR Newswire (US)
Sabre Travel Network and Expedia Announce Multi-Year Agreement
SOUTHLAKE, Texas, May 5 /PRNewswire-FirstCall/ -- Sabre Travel
Network, a Sabre Holdings company, today announced it has signed a
five-year Global Distribution System ("GDS") subscriber agreement
with Expedia, Inc., an operating company of InterActiveCorp . Over
the term of the agreement, Sabre Travel Network expects to process
a meaningful portion of Expedia's GDS bookings through the Sabre
system. Specific terms are not being disclosed. "We are pleased to
provide Expedia with the breadth of our distribution services,"
said Hugh Jones, senior vice president, North America, Sabre Travel
Network. "This agreement underscores the value of the products and
services we provide to travel agencies." "We are very pleased to
announce Sabre Travel Network as a distribution partner for
Expedia," said Barney Harford, senior vice president of air, car
and private label at Expedia, Inc. "This agreement will bring
diversification to our GDS relationships." 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, 35 railroads and 220 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 Expedia bookings expected to be processed by the Sabre GDS,
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 on the date this release was issued. Sabre Holdings
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 computer systems conversions and airlines or other
suppliers potentially limiting their use of certain travel
distribution providers. Sabre Holdings 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 our most recent filing on Form
10-K with the Securities and Exchange Commission. DATASOURCE: Sabre
Holdings Corporation CONTACT: media, Nanci Williams,
+1-682-605-2271, or investor relations, Karen Fugate,
+1-682-605-2343, both of Sabre Holdings Corporation Web site:
http://www.sabre-holdings.com/
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