Saber and BCD Travel announce landmark technology partnership focused on growth, innovation and advancement of business travel

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.

Forward-Looking Statements

Certain statements contained herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations regarding what may happen in the future. All statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect”, “anticipate”, “aim”, “will”, “believe”, “estimate”, “forecast”, “possible”, “may”. “should,” “would,” “intend,” “potential,” or the negative of such terms, or other similar terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Potential risks and uncertainties include, among other things, the severity, magnitude and duration of the global COVID-19 pandemic and its impact on our business and results of operations, our financial condition and credit ratings and the broader travel industry and consumer spending, the actions, taken to contain the disease or treat its effects, the effectiveness and frequency of vaccinations, the impact of telecommuting arrangements on our operations and the speed and extent of recovery across the travel ecosystem, dependence on transaction volumes in the global travel industry, in particular Air travel transaction volume, including airline bankruptcy, service suspension or grounding, the impact of cost-saving initiatives, timing, implementation and impact of technology investments and other strategic initiatives, completion and eval effects of travel platforms, pricing pressures in the travel solutions business, changes affecting travel provider customers, maintaining the integrity of our systems and infrastructure and the impact of security incidents, lack of adaptation to technological advances, competition in the travel distribution market and solutions markets, implementation of Software solutions, dependence on third parties in the provision of information technology services and the impact of those services, implementation and impact of new, terminated or renewed agreements and strategic partnerships, including anticipated savings, dependence on entering into, maintaining and renewing contracts with customers and other counterparties and collecting amounts due to us under these agreements, reliance on relationships with travel buyers, collection, processing, storage, use and transmission of personal information Data and risks related to PCI compliance, our ability to hire, train and retain employees, including our officers and technical staff, the financial and operating results and impact of acquisitions and divestitures of any company or business, reliance on the value of our brands, the impact of litigation and governmental reviews and investigations, adverse global and regional economic and political conditions including but not limited to recessionary or inflationary economic conditions, risks related to the current military conflict in Ukraine, risks arising from conducting business around the world, confidence in the value of our brands, the impact of new laws or regulations or failure to comply with regulations or other legal requirements, use of third party distribution partners, risks associated with our significant indebtedness , the impact of adoption new accounting regulations and tax issues. Additional information about potential risks and uncertainties that could affect our business and results of operations are contained in the “Risk Factors” and “Forward-Looking Statements” sections of our Quarterly Report on Form 10-Q filed with the SEC August 2, 2022in our annual report on Form 10-K filed with the SEC February 18, 2022 and in our other filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee any future event, prospect, direction, result, action, level of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, Saber undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date on which they are made.

SABR-F

Saber Contacts:

media
Kristin Heys
[email protected]

Heidi Castle
[email protected]

investors
Kevin Crissey
[email protected]

Saber logo.  (PRNewsFoto/Sabre) (PRNewsFoto/SABER)

Saber logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABER)

decision

decision

View original content to download multimedia: https://www.prnewswire.com/news-releases/sabre-and-bcd-travel-announce-landmark-technology-partnership-focused-on-growth-innovation-and -evolution-of-corporate-travel-301663362.html

SOURCE Saber Corporation

source

Leave a Reply

Your email address will not be published. Required fields are marked *