Saber advances hotel distribution – GuruFocus.com

Nuvola’s dynamic hospitality task management and operational capabilities will enable Saber’s innovative vision for the future of hospitality retail

SOUTHLAKE, TX, May 9, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR), a leading provider of software and technology serving the global travel industry, today announced its acquisition of Nuvola, a leading provider of travel software. optimization of hotel services and guest engagement for hoteliers around the world. The transaction includes Nuvola technology and guest activation software as well as the integration of Nuvola employees with Saber. Terms of the agreement were not released.

Leveraging Nuvola solutions, Saber plans to advance its hotel retail and merchandising strategy while expanding its real estate and operational capabilities. Nuvola’s capabilities will help address the on-site execution challenges that are created when hoteliers offer an expansive variety of accessories and attributes. Solving this critical need will allow hoteliers to expand their offerings with Saber’s comprehensive retail, merchandising and fulfillment capabilities.

“Our vision for the future of hospitality retail goes beyond the industry’s current focus on selling the room with a limited set of accessories,” said Scott Wilson, president of Saber Hospitality Solutions. “Hoteliers today need new retail strategies and solutions to help them deliver memorable and meaningful guest experiences. Leveraging Nuvola’s capabilities will help us deliver the ‘last mile’ in the sales process. retail, enabling our customers to create and, most importantly, satisfy differentiated customer experiences.”

Created by hoteliers who have a first-hand understanding of select-service, full-service and resort-style real estate processes, Nuvola equips hotels with intuitive and scalable cloud-based solutions, including task management capabilities, advanced messaging and concierge services. housekeeping management solutions.

“Together, we will be able to deliver increased benefits to hoteliers not only in operations, but also in retail,” said Juan Carlos Abello, founder and CEO of Nuvola. “Current standalone Nuvola offerings will continue to improve hotel efficiencies for hoteliers. More importantly, integrating Nuvola’s capabilities into Saber’s existing retail and property management solutions will open new opportunities for hoteliers. to offer a differentiated and transparent customer experience.”

Through this acquisition, Saber Hospitality enhances its retail and operations portfolio to ensure its hotel customers are able to differentiate themselves and seamlessly care for their guests.

About Saber Corporation
Saber Corporation is a leading software and technology company powering the global travel industry, serving a wide range of travel businesses, including airlines, hoteliers, travel agencies and other suppliers. The company provides retail, distribution and accomplishment solutions that help its customers operate more efficiently, generate revenue and deliver personalized travel experiences. Through its leading travel marketplace, Saber connects travel suppliers with buyers around the world. Saber’s technology platform supports more than $260 billion value of worldwide travel expenditure annually. Based at southlake, Texas, United States, Saber serves customers in more than 160 countries around the world. For more information, visit www.sabre.com.

Forward-looking statements
Certain statements contained herein are forward-looking statements about trends, future events, uncertainties, and Saber’s plans and expectations as to what may occur in the future. All statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect”, “goal”, “outlook”, “opportunity”, “target”, “future”, “vision”, “believe”. , “trend,” “plan”, “direction”, “anticipate”, “will”, “expect”, “continue”, “strategy”, “estimate”, “project”, “may”, “should”, ” should”, “intent”, “potential”, or the negative form of these terms or any other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Saber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. prospective. Potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on Saber’s business and results of operations, financial condition and credit ratings. , as well as the travel industry and consumer spending. more generally, the measures taken to contain the disease or address its impact, the effectiveness and rate of vaccination, the effect of remote working arrangements on Saber’s operations and the speed and extent of recovery in the entire travel ecosystem, reliance on transaction volumes in the global travel industry, in particular air travel transaction volumes, including airline insolvency, suspension of service or aircraft groundingsthe effect of cost reduction initiatives, the timing, implementation and effects of technology investment and other strategic initiatives, the completion and effects of travel platforms, exposure to pressure from prices in the Travel Solutions business, changes affecting customers of travel suppliers, maintaining the integrity of Saber’s systems and infrastructure and the effect of any security incidents, the inability to adapt to technological advances, competition in the travel distribution market and solutions markets, the implementation of software solutions, the reliance on third parties to provide information technology services and the effects thereof ci services, the implementation and effects of new, modified or renewed strategic agreements and partnerships, including anticipated savings, reliance on establishing, maintaining and renewing contracts with customers and others counterparties and collection of monies due to Saber under such agreements, reliance on relationships with travel purchasers, collection, processing, storage, use and transmission of personal data, and the risks associated with PCI compliance, Saber’s ability to recruit, train and retain employees, including its key executives and technical employees, financial and business results and the effects of acquisitions and divestitures of businesses or business activities, reliance on the value of Saber’s brands, the effects of any litigation and regulatory reviews and investigations, adverse global and regional economic and political conditions, including, but not limited to, economic conditions in countries or regions with high traditionally high in exports to China or who have economies based on raw materials, the risks associated with the current military conflict in Ukraine, risks arising from global operations, reliance on the value of Saber’s brands, non-compliance with regulations, reliance on third-party distribution partners, risks related to Saber’s significant indebtedness, the effects the implementation of new accounting and tax standards. related issues. Further information about potential risks and uncertainties that could affect Saber’s business and results of operations is included in the “Risk Factors” and “Forward-Looking Statements” sections of Saber’s Quarterly Report on Form 10-Q. filed with the SEC on May 3, 2022 and in its other filings with the SEC. Although Saber believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future events, prospects, directions, results, actions, activity levels, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Except as required by law, Saber undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date on which they are made.

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SOURCE Saber Corporation

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