SOUTHLAKE, Texas, May 5 /PRNewswire-FirstCall/ — Sabre Travel Network, a
Sabre Holdings (NYSE: TSG) company, today announced it has signed a five-year
Global Distribution System (“GDS”) subscriber agreement with Expedia, Inc., an
operating company of InterActiveCorp (Nasdaq: IACI). Over the term of the
agreement, Sabre Travel Network expects to process a meaningful portion of
Expedia’s GDS bookings through the Sabre system. Specific terms are not being
disclosed.
“We are pleased to provide Expedia with the breadth of our distribution
services,” said Hugh Jones, senior vice president, North America, Sabre Travel
Network. “This agreement underscores the value of the products and services
we provide to travel agencies.”
“We are very pleased to announce Sabre Travel Network as a distribution
partner for Expedia,” said Barney Harford, senior vice president of air, car
and private label at Expedia, Inc. “This agreement will bring diversification
to our GDS relationships.”
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, 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
Statements in this release which are not purely historical facts,
including statements about Expedia bookings expected to be processed by the
Sabre GDS, 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 on the date this release was issued.
Sabre Holdings 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 computer systems conversions and
airlines or other suppliers potentially limiting their use of certain travel
distribution providers. Sabre Holdings 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 our
most recent filing on Form 10-K with the Securities and Exchange Commission.
SOURCE Sabre Holdings Corporation
-0- 05/05/2004
/CONTACT: media, Nanci Williams, +1-682-605-2271, or investor relations,
Karen Fugate, +1-682-605-2343, both of Sabre Holdings Corporation/
/Web site: http://www.sabre-holdings.com /
(TSG IACI)
CO: Sabre Holdings Corporation; Sabre Travel Network; Expedia, Inc.;
InterActiveCorp
ST: Texas, New York
IN: CPR TRA LEI AIR MLM ECM REA
SU: LIC
GN-AP
-- DAW065 --
6719 05/05/2004 19:06 EDT http://www.prnewswire.com