Sabre Corporation and American Express Global Business Travel (GBT) have entered into a long-term, multi-faceted strategic partnership focused on developing technologies that will enable the future of corporate travel distribution.
Under the terms of the newly expanded technology partnership – which takes effect in January 2022 – GBT will increase its commitment with Sabre and make a multi-million dollar, long-term annual investment in joint technology development with the company over the next ten years.
In an announcement, Sabre said the partnership puts both companies in an ideal position to deliver best-in-class products and services throughout the corporate travel ecosystem.
The partnership is also expected to drive meaningful growth to both companies and the travel ecosystem in its entirety.
“While the pandemic has undoubtedly challenged the travel industry, we firmly believe in a robust recovery over time, particularly in corporate travel,” said Sean Menke, President and Chief Executive Officer at Sabre.
According to Menke, the expectations of corporate travelers and corporations have fundamentally changed; the demand for new, differentiated products that are designed for specific travelers’ needs is likely to be more pronounced.
“Our strategic partnership with GBT is rooted in the common beliefs we share regarding the technology needs which will enable participants throughout the travel ecosystem to meet these new demands,” he said.
Together, the companies will work to accelerate product innovation and develop a distribution eco-system that meets the future needs of customers and suppliers. This will include collaborating on corporate travel booking capabilities that enhance value to customers and suppliers, accelerating merchandising and retailing solutions, and enabling efficient and superior customer service.