Sabre Corporation and Travelgenio have expanded their partnership in virtual payment technologies with the aim to streamline cashflow and enable long-term growth.
Travelgenio is one of Europe’s largest online travel agencies (OTAs) and has chosen Sabre as the preferred partner for virtual card technology.
Rolling out Sabre’s automation and virtual payment technologies (Sabre Virtual Payments) is a cornerstone of Travelgenio’s strategy to tap into the expected surge in leisure travel. It is also part of a strategy to streamline its GDS relationships and focus on leveraging technology to create a compelling shopping experience.
Operating in more than 50 countries worldwide, Travelgenio will use Sabre’s industry-leading technology to boost its revenue and transform its business during the recovery period and beyond. One key focus will be on Sabre’s integrated automation technology, which will enable the OTA to eliminate many manual processes – reducing costs, removing friction from the travel experience and – ultimately – getting people traveling again.
“Online travel is at the forefront of the industry’s recovery and, with its global presence and deep expertise in the consumer digital space, Travelgenio has the potential to recover fast,” said Sean McDonald, vice president – online at Sabre.
Travelgenio has already started using Sabre Virtual Payments (SVP). As one of the most flexible electronic payment solutions in the travel industry, SVP offers multi-bank, multi-card, credit and prepaid account payments, which allow customers to select the best payment option and the most favourable payment terms.
“In the current state of the travel industry, we are laser-focused on optimizing conversions and performance, while also managing our expenses. This relies on our investment in technology that creates a highly intelligent and tailored shopping experience for our customers,” said Joost Schuring, CEO at Travelgenio.
In addition to supporting its customers through the COVID-19 pandemic, Sabre is working to realise its long-term vision of establishing a marketplace for personalised travel.
The technology company has already invested in artificial intelligence (AI) and machine learning (ML) capabilities that will be successively rolled out through its suite of technology.