The expanded agreement anticipates significant growth in GDS bookings through Saber
Two like-minded companies committed to jointly investing and collaborating on innovative solutions aimed at accelerating the technology-driven development of the industry
SOUTHLAKE, TX, October 31, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR) and BCD Travel today announced a long-term, multifaceted strategic partnership that is expected to drive significant growth and progression for both companies and the entire travel ecosystem.
As part of the newly expanded long-term technology agreement, BCD Travel expects to increase its bookings with Saber. Additionally, the two companies will jointly invest and collaborate in new and advanced solutions that will help accelerate the technology-driven evolution happening across the business travel ecosystem.
“BCD Travel is a long-standing, valued partner of Saber. Over the years we have met industry challenges, innovated and grown together. Today we are taking another important step in our partnership as we work together to advance the future of travel,” said Kurt Eckert, President of Saber. “This agreement demonstrates our continued commitment to helping BCD achieve its goals to differentiate its offerings, improve operational efficiencies and grow. Whether that takes the form of providing solutions or enabling solutions, we will continue to build and maintain our value-added relationship. I have enjoyed working with BCD for so many years.”
Through the partnership, the two industry leaders will focus on creative solutions to address growing complexity and evolving customer expectations, as well as transforming the impact of technology and market dynamics into opportunity. Saber will continue to apply its technical expertise, innovation and organizational stability to contribute to BCD’s global success.
“This agreement aligns with our strategy to improve our agility, flexibility and responsiveness in a changing environment,” said BCD Travel CEO and President John Snyder. “By extending our long-standing partnership with Saber, we will streamline our distribution technology and simplify our operational, technical and future development infrastructure, enabling us to act more quickly on behalf of our clients when we innovate, anticipate and adapt to new market opportunities. As we focus on post-Covid travel complexity and embark on deeper technology collaboration and joint development areas, we will improve our time to market with features to improve traveler planning and booking experiences, including bringing NDC to life.”
As BCD and Saber expand and deepen their existing relationship, both companies will benefit as Saber pursues its ambitious goals:
Completing its technical transformation with cloud migration, microservices-enabled architecture, and leveraging the latest intelligent technologies and digital innovations such as AI and ML for a future-ready environment that both Saber and BCD can leverage.
We remain committed to balanced supplier distribution economics on behalf of the travel industry to ensure access to the content our customers need.
Deliver best-in-class retail, distribution and fulfillment capabilities, including NDC-enabled solutions, across the value chain.
About Saber Corporation
Saber Corporation is a leading software and technology company powering the global travel industry, serving a broad spectrum of travel businesses including airlines, hoteliers, travel agencies and other suppliers. The company provides retail, distribution and fulfillment solutions that help its customers work more efficiently, increase revenue and provide personalized travel experiences. Through its leading travel marketplace, Saber connects travel suppliers with buyers from around the world. Saber’s technology platform manages more than $260 billion Value of worldwide travel spend per year. headquarters in South Seas, Texas, USA, Saber serves customers in more than 160 countries around the world. Visit www.saber.com for more information.
About BCD Travel
BCD Travel helps companies make the most of their travel spend. We empower travelers with innovative tools that keep them safe, productive, and make better decisions on the go. We partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move entire organizations closer to their goals. In short, we help our customers travel smart and achieve more. We do this in 106 countries with a global customer retention rate of 97%, the highest in the industry. Visit www.bcdtravel.com for more information.
About the BCD Group
The BCD Group is a market leader in the travel industry. The private company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency) and Park ‘N Fly (off-airport parking). For more information, visit www.bcdgroup.com.
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SOURCE Saber Corporation