and Sabre Sign Agreement to Streamlin
ARLINGTON, Va. – July 16, 2019 – Airlines Reporting Corp. (ARC) and Sabre Corporation (NASDAQ: SABR) recently signed a forward-looking cooperative agreement to ensure travel agencies can easily align with future airline distribution strategies. This collaboration will provide a seamless way for agencies to report and settle transactions regardless of an airline’s chosen distribution model, including New Distribution Capability (NDC).
“As airline distribution advances and adoption of new capabilities accelerates, ARC wants to ensure our agency customers are ready to take advantage of the new and exciting ways to sell travel,” said Mike Premo, ARC’s president and CEO. “ARC and Sabre have a long and productive history of working together to streamline distribution processes. This agreement focuses on the success of agencies during this dynamic time of omnichannel distribution, and we look forward to working with Sabre, particularly considering its leadership position in the U.S. to achieve this goal.”
The ARC-Sabre agreement modernizes a 30-year contract between the two companies for reporting and settlement services. ARC continues to work with other technology partners to help the industry move forward by ensuring accurate and trustworthy settlement services across the distribution landscape.
“NDC promises to reimagine the way airlines market and sell their offers to travelers, and Sabre is leading the way with our Beyond NDC initiatives and solution development,” said Kathy Morgan, vice president of NDC for Sabre. “Additionally, we are taking a holistic approach to NDC so buyers in the Sabre marketplace are prepared to shop, book and service NDC offers. Our new agreement with ARC represents that commitment and provides the flexibility we need to ensure travel agencies can seamlessly process tomorrow’s transactions.”
About ARC:
An industry leader in air travel distribution and intelligence, ARC settled $94.8 billion in ticket transactions in 2018 between airlines and travel agencies, representing more than 295 million passenger trips. ARC provides flexible distribution solutions, innovative technology and access to the world’s most comprehensive air ticket transaction data, helping the global air travel community connect, grow and thrive. For more information, please visit www.arccorp.com.
About Sabre Corporation:
Sabre Corporation is the leading technology provider to the global travel industry. Sabre’s software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
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