FCM Travel Solutions

Business Travel Market size to grow by USD 1,535.23 billion between 2022 to 2027| Growing Technological Advances to boost the market growth - Technavio

Retrieved on: 
Thursday, October 12, 2023
Online, Walmart, Christopherson Business Travel, Booking Holdings, MakeMyTrip, GBT, USD, Travel, Internal, Marketing, Growth, Business travel, American Express Global Business Travel, FCM Travel Solutions, Online shopping, Semiconductor, Tourism, Geography

Growing technological advancements are fueling growth in the global business travel market.

Key Points: 
  • Growing technological advancements are fueling growth in the global business travel market.
  • Key Factor driving the Business Travel Market growth:
    Technological advancements drive growth in business travel.
  • Major challenges hindering the market growth- The improper management of travel plans is a major challenge in the business travel market.
  • Online Travel Booking Platform Market : The Global Online Travel Booking Platform Market size is estimated to grow by USD 1,107.21 billion at a CAGR of 14.85% between 2022 and 2027.

Staynex™ Partners with Huawei to Enhance Web3 Initiatives for the Travel and Hospitality Industry

Retrieved on: 
Friday, July 28, 2023
Cloud, Big, Partnership, ICT, Travel, FCM Travel Solutions, Tourism, Huawei

Singapore, July 28, 2023 – Global vacation club platform, Staynex™ , has announced a partnership with tech giant, Huawei , to leverage Web3 technologies and enhance the travel and hospitality industry.

Key Points: 
  • Singapore, July 28, 2023 – Global vacation club platform, Staynex™ , has announced a partnership with tech giant, Huawei , to leverage Web3 technologies and enhance the travel and hospitality industry.
  • This partnership will potentially offer users a more comprehensive travel experience with increased convenience and variety using advanced AI tools.
  • "We anticipate that our partnership with Huawei will facilitate the creation of more solutions for the travel and hospitality industry," states Bernard Lau, Founder and CEO of Staynex™.
  • The partnership also includes Staynex's™ integration into the Huawei Marketplace, providing millions of Huawei device users with easy access to Staynex's™ comprehensive travel platform.

All Nippon Airways enhances long-standing relationship with Sabre to amplify its Network Planning and Optimization capabilities

Retrieved on: 
Thursday, June 1, 2023
Analysis, All Nippon Airways, FCM Travel Solutions, Computerized Airline Sales and Marketing Association, Airport, PSS, ANA, Region, Sabre Corporation, Airline, Sabre

SINGAPORE and TOKYO, June 1, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced an enhanced agreement with All Nippon Airways (ANA), to improve the carrier's Network Planning and Optimization capabilities for its domestic routes. 

Key Points: 
  • SINGAPORE and TOKYO, June 1, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced an enhanced agreement with All Nippon Airways (ANA), to improve the carrier's Network Planning and Optimization capabilities for its domestic routes.
  • ANA and Sabre have a valued, decades-long relationship, with the airline already using Sabre Slot Manager solution for its international routes.
  • The carrier will now deploy the same advanced technology for its domestic network.
  • "We've steadily relaunched our international routes post pandemic, using Sabre technology to streamline our slot management process," said Mr. Naohiro Terakawa, Vice President, Network Planning, All Nippon Airways.

Sabre announces CEO succession plan

Retrieved on: 
Wednesday, March 1, 2023
Artur Ekert, FCM Travel Solutions, Travel, Annual general meeting, Menke, Empowerment, Culture, Gregg Saretsky, Sabre Corporation, Management, Sabre

SOUTHLAKE, Texas, March 1, 2023 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry, announced today that Sean Menke, currently Chair of the company's Board and its Chief Executive Officer, will transition to be solely Sabre's Executive Chair of the Board, effective April 27, 2023. At that time, Kurt Ekert, currently President of Sabre, will also become the company's Chief Executive Officer, reporting to the Board of Directors. Ekert has also been nominated as a director for election at Sabre's 2023 Annual Meeting, to be held on April 26, 2023. These moves are being made as part of the company's and the Board of Directors' ongoing succession planning.

Key Points: 
  • These moves are being made as part of the company's and the Board of Directors' ongoing succession planning.
  • Menke joined Sabre in 2015 serving as president of its largest business division, before being promoted to CEO in late 2016.
  • Ekert joined Sabre in January 2022 as President as part of the company's long term succession plans, as it split the role of president and CEO.
  • Ekert responded, "I am proud to be stepping into the CEO role at Sabre and eager to continue to advance our strategy while fostering a winning culture of empowerment, innovation and performance.

Sabre and THAI Smile implement distribution agreement to enable the airline to reach Sabre's global network of travel agencies

Retrieved on: 
Monday, November 7, 2022
Aircraft, Thai Airways, Growth, FCM Travel Solutions, Smile, Sabre, Computerized Airline Sales and Marketing Association, SABR, Region, Oropharyngeal airway, Travel, NASDAQ, Airbus, Technology, Thai Smile, Software, Sabre Corporation, THAI, Star Alliance, Solution, Online shopping, Airline, Asia-Pacific

SINGAPORE and BANGKOK, Nov. 7, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, today announced the implementation of a distribution deal with THAI Smile, to support the hybrid carrier's growth strategy.

Key Points: 
  • Joining Sabre's global marketplace will enable THAI Smile to enhance its geographic reach and target new leisure and corporate traveller segments, while providing travel agents with increased options to create optimal experiences for their clients.
  • "We're thrilled to be marking THAI Smile's tenth anniversary by welcoming them to Sabre's global travel marketplace."
  • Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers.
  • THAI Smile Airways, a subsidiary airline of THAI Airways International Public Company Limited (THAI), is a regional airline for short and medium-range flights.

Sabre and BCD Travel announce landmark technology partnership focused on growth, innovation and evolution of corporate travel

Retrieved on: 
Monday, October 31, 2022
Information technology, Travel, Vlissingen, Collection, Legislation, Pressure, Annual report, BCD Travel, Compliance, Partnership, Solution, Failure, Architecture, Forward-looking statement, Maintenance, Risk, AI, SEC, Terminology, FCM Travel Solutions, Mission statement, Industry, Software, Contract, Sabre Corporation, Disease, Economics, NASDAQ, Technology, Air travel, ML, Ecosystem, PCI, NDC, BCD, Life, COVID-19, BCD Group, Goal, Airline, Online shopping, Sabre

SOUTHLAKE, Texas, Oct. 31, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR) and BCD Travel  today announced a long-term, multi-faceted strategic partnership that is expected to drive meaningful growth and advancement for both companies and across the travel ecosystem.

Key Points: 
  • Under the newly expanded and long-term technology agreement, BCD Travel expects to increase its booking levels with Sabre.
  • Today, we take another important step in our partnership as we mutually commit to advancing the future of the travel," said Kurt Ekert, president of Sabre.
  • "This agreement demonstrates our continuing commitment to helping BCD achieve its objectives to differentiate its offerings, improve operational efficiency and grow.
  • Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers.

Sabre appoints Garry Wiseman as its Chief Product Officer

Retrieved on: 
Thursday, July 28, 2022
Barnett, Thought, Dell Technologies, Salesforce, Nautilus, Inc., Culture, Solution, Software, Wiseman, Artur Ekert, Nautilus, Travel, NASDAQ, Microsoft, Dell, EVP, Technology, B2B, Sabre Corporation, Jones, Engineering, FCM Travel Solutions, EBay, Management, Online shopping, Sabre

SOUTHLAKE, Texas, July 28, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry, today announced that Wade Jones, EVP and chief product officer of its Travel Solutions business, has elected to depart the company. He will be succeeded by Garry Wiseman, who will join the company on August 1. Jones will remain with Sabre for a period of transition, before officially stepping away this fall.

Key Points: 
  • He will be succeeded by Garry Wiseman, who will join the company on August 1.
  • "We appreciate his impact on our strategy and culture, especially during times of transformation, both as president of the company's distribution business and in recent years as our chief product officer in travel solutions.
  • Wade was instrumental in building our product organization and designing an industry-leading product portfolio that will help enable Sabre to deliver on its promise for personalized travel.
  • Most recently, he was senior vice president and chief digital officer at Nautilus, Inc., a role he held since 2020.

Sabre Announces Retirement of its Chief Financial Officer, Doug Barnett

Retrieved on: 
Thursday, July 28, 2022
Sale, Rationalization, Adtalem Global Education, CFO, Goizueta Business School, Time, University, Barnett, Treasury, CEO, Culture, Delta, Partnership, Solution, Software, Travel, Retirement, Board, COVID-19, Director, NASDAQ, Leadership, Delta Air Lines, Technology, Northwest Airlines, MBA, Board of directors, Sabre Corporation, Certified Public Accountant, Jones, Emory University, Accounting, FCM Travel Solutions, Growth, Airline, Management, Sabre, Groupon, Orbitz, Expedia

SOUTHLAKE, Texas, July 28, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology company that powers the global travel industry, today announced the retirement of its chief financial officer, Doug Barnett. Barnett has been an integral part of Sabre's executive leadership team since 2018 when he joined the company as its CFO. Barnett will be succeeded by Mike Randolfi who joins the company on Aug. 22. Barnett will remain with Sabre through Oct. 30 allowing for a period of transition between the two leaders.

Key Points: 
  • A highly regarded financial executive and business partner, Barnett to step down on Aug. 22
    SOUTHLAKE, Texas, July 28, 2022 /PRNewswire/ --Sabre Corporation (NASDAQ: SABR),a leading software and technology company that powers the global travel industry, today announced the retirement of its chief financial officer, Doug Barnett.
  • Barnett will remain with Sabre through Oct. 30 allowing for a period of transition between the two leaders.
  • During his tenure at Sabre, Barnett oversaw finance, accounting, treasury, investor relations, corporate development, real estate and facilities.
  • Also known as a leader focused on culture and teamwork, Barnett leaves behind a strong financial leadership team at the company.

Sabre advances hotel retailing with acquisition of Nuvola

Retrieved on: 
Monday, May 9, 2022
COVID-19, Forward-looking statement, Ecosystem, Information technology, Maintenance, Failure, SABR, NASDAQ, Travel, Software, Contract, Mission statement, Housekeeping, Risk, Compliance, Pressure, FCM Travel Solutions, PCI, Disease, Sabre Corporation, SEC, Terminology, Solution, Air travel, Technology, CEO, Collection, Acquisition, Online shopping, Hotel, Nuvola, Sabre

SOUTHLAKE, Texas, May 9, 2022 /PRNewswire/ -- Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, today announced its acquisition of Nuvola, a prominent provider of hotel service optimization and guest engagement software to hoteliers worldwide. The transaction includes Nuvola technology and guest enablement software as well as the integration of Nuvola employees to Sabre. Terms of the agreement were not released.

Key Points: 
  • The transaction includes Nuvola technology and guest enablement software as well as the integration of Nuvola employees to Sabre.
  • Leveraging the Nuvola solutions, Sabre expects to advance its hospitality retailing and merchandising strategy while also broadening its property and operations abilities.
  • Solving this criticalneed will empower hoteliers to broaden their offerings through Sabre's comprehensive retailing, merchandising and fulfillment capabilities.
  • Through this acquisition, Sabre Hospitality is enhancing its retailing and operations portfolio to help ensure its hotel customers are able to differentiate themselves and seamlessly care for their guests.

Sabre Announces Leadership Changes to Accelerate Execution of its Strategy

Retrieved on: 
Wednesday, December 15, 2021
Solution, Artur Ekert, Travel, Orbitz, IPO, GTA, CWT, Industry, Time, Gulliver, NASDAQ, CEO, Continental Airlines, Sabre Corporation, Cendant, Leadership, Software, International Inbound Travel Association, Eye, FCM Travel Solutions, Technology, Management, Online shopping, Sabre, Menke

Sean Menke, Sabre's chief executive officer stated, "We are thrilled to have Kurt join Sabre as President during this pivotal phase in our transformation journey.

Key Points: 
  • Sean Menke, Sabre's chief executive officer stated, "We are thrilled to have Kurt join Sabre as President during this pivotal phase in our transformation journey.
  • He brings extensive global operating leadership and a deep understanding of the travel technology ecosystem.
  • At Sabre, Ekert will have direct responsibility for the company's travel solutions and hospitality solutions businesses, technology engineering and operations and Sabre Labs.
  • Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.