SOUTHLAKE, Texas–(BUSINESS WIRE)–Jan. 19, 2005–Nexion Inc., the
travel industry’s leading full-service host agency, today announced it
has acquired the assets of Southwest Travel Systems (SWTS), also known
to many in the industry as MyHostAgency.com. Nexion’s acquisition of
the SWTS assets will provide an enhanced host agency support system
for the 60 SWTS members who will transition to Nexion membership over
the coming months.
“This acquisition cements Nexion’s industry leadership position as
the largest host agency with the most complete services in the
country,” said Mike Baldwin, general manager of Nexion. “It
strengthens the offerings and value for Nexion members, suppliers and
employees. And Southwest Travel Systems agencies gain multiple
benefits, including access to all four global distribution systems
(GDS), unique marketing programs, advanced booking tools, preferred
suppliers, solid backing from Sabre Holdings, and full-service
Southwest Travel Systems, headquartered in Phoenix, has provided a
travel technology program designed specifically for independent travel
agents, at-home agents and traditional offline agencies throughout the
U.S. since 1992. Southwest Travel Systems becomes a business operation
within Nexion and will continue to support SWTS membership as it does
today while the business is integrated into Nexion, anticipated by the
end of the first quarter of 2005. The addition of SWTS members
strengthens Nexion’s position as the largest full-service host agency
in the U.S.
Nexion, a Sabre Travel Network brand, is the industry’s leading
full-service, host agency that offers independent and home-based
travel agents a comprehensive business solution, including all the
tools and services available to full-service travel agencies. With
nearly a decade of industry experience, the Nexion solution provides
unique economic, operational, marketing and technology benefits. More
information is available at www.nexion.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 50,000 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, 37 car rental companies, nine cruise lines, 35 railroads and
220 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.
Nexion, Sabre Travel Network, Jurni Network and GetThere are
trademarks and/or service marks of an affiliate of Sabre Holdings
Corporation. All other trademarks, service marks, and trade names are
the property of their respective owners.
Statements in this release which are not purely historical facts
or which necessarily depend upon future events, including statements
about the expected benefits to Sabre Holdings Corporation from the
proposed transaction, 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 report was submitted.
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 structural
changes within the travel industry, such as increased competition from
merchant model hotel offerings by our competitors. 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.
CONTACT: Sabre Holdings Corporation, Southlake
Nanci Williams, 682-605-2271
SOURCE: Sabre Holdings Corporation