Sabre Travel Network Introduces New Contract Program for Small to Medium-Size Travel Agencies
February 25 2004 - 10:03AM
PR Newswire (US)
Sabre Travel Network Introduces New Contract Program for Small to
Medium-Size Travel Agencies Assured Vantage Offers More
Agency-Friendly Terms and No-Haggle, Structured Incentive Schedule
SOUTHLAKE, Texas, Feb. 25 /PRNewswire/ -- Sabre Travel Network
announced today the Assured Vantage program, a new contract
offering for small to medium-sized travel agencies in the U.S. who
renew or sign new agreements to use the Sabre global distribution
system (GDS). The new program offers more agency-friendly contract
terms, such as reducing the risk of traditional booking volume
shortfalls, and introduces a new, simple incentive schedule. "We
are essentially bringing no-haggle pricing to our customers where
pricing has often been anything but transparentfor them," said Hugh
Jones, senior vice president of Sabre Travel Network, North
America. "In addition, we're delivering flexibility and
predictability, while reducing the risk associated with traditional
GDS contracts, as our agency customers have requested." Key
components of the Assured Vantage program include: -- Volume
booking commitments will no longer be required to participate in
the Sabre system. Instead customers will commit a percentage of
their GDS bookings to Sabre Travel Network. -- Travel agencies can
now select an incentive plan with no booking volume commitments or
related shortfalls, significantly reducing travel agency risk. --
Travel agencies will continue to have the option of receiving a
portion of their incentives as a signing bonus with an associated
low-risk booking commitment. -- Message charges (also known as
"Scan") will be eliminated for most customers. -- Incentive rates
will be set based on a simple, structured table that results in
incentives based on volume, not negotiating skill or luck. On
average, incentives for 2004 contract renewals under the Assured
Vantage program will be approximately equal to the incentive value
agencies receive on their existing contracts. Existing agency
contracts will be honored until their expiration, although Sabre
Travel Network will work with any agency interested in
transitioning to this new contract program early. "The value Sabre
Travel Network offers small to medium-sized agencies has never been
stronger," Jones continued. "We've secured the lowest published
fares from all six major U.S. network airlines, and offer unmatched
programs, tools and technology to help agencies increase revenues
and lower costs." Customers can find more information on the
Assured Vantage Program by visiting the Sabre Travel Network
Website at http://www.sabretravelnetwork.com/ . About Sabre Travel
Network Sabre Travel Network, a Sabre Holdings company,provides
access to the world's leading global distribution system (GDS)
enabling agents at more than 53,000 agency locations worldwide to
be travel experts. The Sabre GDS, the first system to connect the
buyers and sellers of travel, today includes more than 400
airlines, approximately 60,000 hotels, 41 car rental companies,
nine cruise lines, 36 railroads and 200 tour operators. Key brands
of Sabre Travel Network include GetThere, the leading Web-based
corporate travel reservation technology, and Jurni Network, the
unique leisure travel agency consortium that enables members to
sell more products from preferred travel suppliers using
sophisticated market intelligence. Sabre Holdings Corporation
(NYSE:TSG) is a world leader in travel commerce, retailing travel
products and providing distribution and technology solutions for
the travel industry. More information about Sabre Holdings is
available at http://www.sabre-holdings.com/ . Statements in this
release which are not purely historical facts, including statements
about the anticipated benefits of the Assured Vantage program
initiative or other statements about anticipations, beliefs,
expectations, hopes, intentions or strategies for the future, may
be forward- looking statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. Readers are
cautioned not to place undue reliance on forward-looking
statements. All forward-looking statements are based upon
information available to Sabre Holdings Corporation on the date
this release was issued. Sabre Holdings Corporation undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Any forward-looking statements involve risks and
uncertainties that could cause actual events or results to differ
materially from the events or results described in the
forward-looking statements, including risks or uncertainties
related to Sabre Holdings Corporation's efforts to control the
growth of incentives. Sabre Holdings Corporation may not succeed in
addressing these and other risks. Further information regarding
factors that could affect our financial and other results can be
found in the risk factors section of Sabre Holdings Corporation's
most recent filing on Form 10-Q with the Securities and Exchange
Commission. DATASOURCE: Sabre Travel Network CONTACT: Nanci
Williams of Sabre Holdings Corporation, +1-682-605-2271, or Web
site: http://www.sabretravelnetwork.com/
http://www.sabre-holdings.com/
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