RE-SABR speculation
Dec 07, 2017 1:00 pm
Expedia has been talking for a couple of years about being opportunistic when it comes to mergers and acquisitions for its Egencia business travel unit. That may be on the back burner for awhile, though, as the parent company, which has been bogged down in integrating acquisitions over the past couple of years, focuses on growing what it already has.
When it comes to mergers and acquisitions activity in corporate travel, Expedia Inc.’s Egencia business is looking for increased volumes and scale in markets where it is already operating — and it is less interested in broadening its footprint geographically.
The Expedia subsidiary also scoffs at the notion of buying new technology.
That’s the perspective of Egencia President Rob Greyber, whose wish list for mergers and acquisitions in corporate travel meshes nicely with Expedia CEO Mark Okerstrom’s newly articulated strategy for the parent company. Okerstrom said the company’s “land grab” for new geographies is nearly completed, and instead he wants Expedia to expand by digging deeper roots into existing locations where it operates.
skift.com
Sabre Travel Network and Expedia Announce Multi-Year Agreement
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."
sabre.com |
