SOUTHLAKE, Texas–(BUSINESS WIRE)–Sept. 15, 2004–Sabre Holdings (NYSE:TSG) today announced the opening of its Asia Pacific headquarters in Shanghai, China as part of its move to advance the company’s strategic business agenda in the world’s fastest growing market.
The new regional headquarters will enable the company to better serve the key customers and joint ventures that Sabre Holdings has cultivated since entering the Asia Pacific market over a decade ago, as well as focus on future growth opportunities in the region.
“Setting up our regional headquarters in China signals our commitment to bring even more focus and resources to customers in this large and fast growing market,” said Chris Vasiliou, senior vice president and general manager of Sabre Holdings Asia Pacific.”
Vasiliou oversees the company’s Asia Pacific partnerships, as well as all Sabre Travel Network, Travelocity and Sabre Airline Solutions businesses in the region. Previously, Vasiliou was senior vice president of international marketing and chief architect of Asia Pacific joint ventures for Sabre Holdings.
In this important market, the company has gained market traction throughout each of its three businesses:
-- Sabre Travel Network partnerships in the region include major
travel facilitators and distribution systems: ABACUS, which is
based in Singapore and operates in 20 countries; AXESS and
INFINI in Japan; Sabre Pacific in the Australian/New Zealand
markets; and Sitar in India.
-- Travelocity has established a significant presence through
ZUJI, in Singapore and Tabini, in Japan; two leading online
travel portals.
-- The Sabre Airline Solutions business operates directly in Asia
Pacific and provides optimization products and services to
more than 40 airlines, including Cathay Pacific, Air India,
Japan Airlines, All Nippon Airlines, Qantas Airlines,
VirginBlue and SkyWest.
About Sabre Holdings Corporation
Sabre Holdings, an S&P 500 company, is a world leader in travel commerce, retailing travel products and providing distribution and technology solutions for the travel industry. Sabre Holdings supports travelers, travel agents, corporations and travel suppliers through its companies: Travelocity, Sabre Travel Network, and Sabre Airline Solutions. Headquartered in Southlake, Texas, in the Dallas-Fort Worth Metroplex, the company has more than 6,000 employees in 43 countries. Full year 2003 revenues totaled $2.05 billion. Sabre Holdings is traded on the New York Stock Exchange under the symbol TSG. More information is available at www.sabre-holdings.com.
CONTACT: Sabre Holdings
Michael Berman, 682-605-2397
michael.berman@sabre-holdings.com
SOURCE: Sabre Holdings