Hyatt hotels worldwide will deploy Sabre
technology, supporting advanced connectivity and distribution in an
effort to drive even more high-quality revenue to owners and get
closer to guests
Hyatt Hotels Corporation (NYSE: H) today announced a new
technology agreement between affiliates of Hyatt and Sabre
Corporation (NASDAQ: SABR), a leading provider of software and
technology that powers the global travel industry. Under this
agreement, Sabre’s SynXis Central Reservation System will become
the main Central Reservation System (CRS) for Hyatt hotels
beginning in 2024. This integration will enhance Hyatt’s
reservation capabilities, streamline its operations, and deliver a
seamless and efficient experience for guests, including a faster
search and booking process. The agreement comes on the heels of
Hyatt’s announcement of Hyatt PrO to optimize its revenue
management system. These innovations are done with the aim of
enhancing Hyatt’s commercial technology stack, informed by
listening to owners and operators.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230718566853/en/
“All of our business decisions are driven by our purpose – we
care for people so they can be their best – and that begins with
empathy and listening,” said Eben Hewitt, chief information
officer, Hyatt. “As part of our transformative growth journey, we
heard directly from owners and franchise management companies that
we had an opportunity to create a more efficient and streamlined
Central Reservation System, and after a very thorough evaluation,
we decided that Sabre would be the perfect provider for Hyatt’s
global portfolio to make the search and booking process even better
for guests.”
By leveraging the SynXis Central Reservation System, Hyatt’s new
system will be designed to make the guest search and booking
process even smoother and increase visibility for property
availability through:
- Flexible calendar search – Guests searching for
availability will have a more intuitive and efficient calendar
view, including key dates when special promotions are available, as
well as when World of Hyatt members can redeem their points for the
highest value.
- Enhanced rooms and rates view – Hotels will be able to
quickly synchronize reservation modifications, enabling guests and
colleagues to access newly available rooms in real-time. Hotels
will also be able to share dynamic packages allowing guests to
individually customize aspects of their stay.
- Efficient booking – The platform is designed to simplify
the booking process by unlocking the best rates for our guests
through advance purchase rates and streamlining the processing for
hotel colleagues.
“I am thrilled to announce that Sabre's reservation system has
been selected by Hyatt to advance its technology strategy, enhance
its reservation capabilities, and improve its guests' experience,"
said Scott Wilson, president of Sabre Hospitality Solutions. "At
Sabre, we are committed to enabling our customers in achieving
their goals by delivering the technology that forms the foundation
of their operations and future innovation. This collaboration
represents our dedication to empowering the hospitality industry
and elevating the guest experience."
“Our collaboration with Sabre will also simplify operations for
on- and off-property colleagues that will result in enhanced
experiences for our guests, World of Hyatt members and customers,”
said Jessica White, senior vice president, global property &
guest services, Hyatt. “Adopting Sabre as our new Central
Reservation System will increase the distribution breadth and reach
of our brands and personalized direct booking experiences across
our global portfolio.”
This announcement builds on Hyatt’s commitment to simplify hotel
systems while creating property-level flexibility with
best-in-class applications like Hyatt PrO, which is a global
collaboration with IDeaS. With Hyatt PrO, on-property and above
property Hyatt colleagues will benefit from best-in-class
modularity and flexibility, increased automation, organizational
growth empowered by innovation, and the ability to drive deeper
collaboration across commercial teams.
Hyatt's unique vision for innovative capabilities aims to create
a differentiating value proposition for Hyatt owners and operators
and deliver customization in areas that drive competitive
advantage. With the aim to continue these efforts, Hyatt is also
exploring ways to further enhance property management system
options.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Sabre Corporation
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. The company provides retailing, distribution and
fulfillment solutions that help its customers operate more
efficiently, drive revenue and offer personalized traveler
experiences. Through its leading travel marketplace, Sabre connects
travel suppliers with buyers from around the globe. Sabre’s
technology platform manages more than $260B worth of global travel
spend annually. Headquartered in Southlake, Texas, USA, Sabre
serves customers in more than 160 countries around the world. For
more information visit www.sabre.com.
About Hyatt Hotels
Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company guided by its purpose – to care for
people so they can be their best. As of March 31, 2023, the
Company’s portfolio included more than 1,250 hotels and
all-inclusive properties in 75 countries across six continents. The
Company's offering includes brands in the Timeless Collection,
including Park Hyatt®, Grand Hyatt®, Hyatt
Regency®, Hyatt®, Hyatt Residence Club®, Hyatt
Place®, Hyatt House®, Hyatt Studios, and
UrCove; the Boundless Collection, including Miraval®,
Alila®, Andaz®, Thompson Hotels®, Dream®
Hotels, Hyatt Centric®, and Caption by Hyatt®;
the Independent Collection, including The Unbound Collection by
Hyatt®, Destination by Hyatt®, and JdV by Hyatt®;
and the Inclusive Collection, including Impression by
Secrets, Hyatt Ziva®, Hyatt Zilara®, Zoëtry®
Wellness & Spa Resorts, Secrets® Resorts & Spas,
Breathless Resorts & Spas®, Dreams® Resorts &
Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels
& Resorts®, and Sunscape® Resorts & Spas.
Subsidiaries of the Company operate the World of Hyatt® loyalty
program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC
destination management services, and Trisept Solutions® technology
services. For more information, please visit www.hyatt.com.
Forward-Looking Statements
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. In some
cases, you can identify forward-looking statements by the use of
words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“continue,” “likely,” “will,” “would” and variations of these terms
and similar expressions, or the negative of these terms or similar
expressions. Such forward-looking statements are necessarily based
upon estimates and assumptions that, while considered reasonable
when made, are inherently uncertain, and are subject to numerous
assumptions and uncertainties, many of which are outside of Sabre’s
or Hyatt’s control, which could cause actual results, performance
or achievements to differ materially from those expressed in or
implied by such statements. Forward-looking statements made in this
press release are made only as of the date of their initial
publication and neither party undertakes an obligation to publicly
update any of these forward-looking statements as actual events
unfold, except to the extent required by applicable law. If one or
more forward-looking statements is updated, no inference should be
drawn that any additional updates will be made with respect to
those or other forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230718566853/en/
Hyatt Contact: Patrice Henry Patrice.henry@hyatt.com
Sabre Contacts: Media:
Kristin Hays Kristin.hays@sabre.com
Heidi Castle heidi.castle@sabre.com
Investors: Brian Roberts
sabre.investorrelations@sabre.com
Sabre (NASDAQ:SABR)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Sabre (NASDAQ:SABR)
Historical Stock Chart
Von Mai 2023 bis Mai 2024