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Cleartrip prepares for anticipated online bookings surge through multi-year agreement with Sabre

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Cleartrip, a leading online travel aggregator in India and the Middle East, has signed a multi-year agreement with Sabre Corporation (NASDAQ: SABR), establishing Sabre as its largest global distribution system (GDS) partner. This collaboration aims to enhance customer shopping experiences through Sabre's advanced technology, including the Bargain Finder Max API. Cleartrip's strategy focuses on recovery and growth in the travel sector, leveraging Sabre's resources to position itself competitively as demand for travel rebounds.

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  • Cleartrip secures a multi-year deal with Sabre, enhancing its GDS partnerships.
  • The collaboration focuses on advanced technology to improve customer experiences.
  • Cleartrip aims to leverage this partnership for growth as travel demand recovers.
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MUMBAI, India and SOUTHLAKE, Texas, July 13, 2021 /PRNewswire/ -- Cleartrip, the leading online travel and leisure aggregator in the Middle East and India, has signed a multi-year deal with Sabre Corporation (NASDAQ: SABR), the leading software and technology company that powers the global travel industry. 

The expanded, long-term agreement sees Sabre become Cleartrip's largest global distribution system (GDS) partner and is part of the OTA's strategy to streamline its GDS relationships.  Focusing on advanced technology to spur growth, Cleartrip will be able to create compelling shopping experiences for customers and provide an enhanced level of expertise to help people travel again.  One key feature of Sabre's technology will be its Bargain Finder Max API, which Cleartrip will use to customize shopping experiences for travelers and tailor search results for the most relevant fares based on a range of itinerary preferences.

"This is a pivotal moment for Cleartrip, and we've acted fast to secure our recovery and invest in future growth," said Amit Taneja, Chief Commercial Officer.  "Our primary focus is to offer our customers the most intelligent and compelling shopping experiences – this is crucial in winning back their trust in the short-term and loyalty in the long-term.  Sabre is uniquely positioned to deliver next generation technology – and will be crucial to our growth plans both during the recovery and beyond."

Cleartrip, which sells more than seven million flight tickets and 1.5 million hotel room nights each year, has established a leading position in the highly competitive regions of India and the Middle East.

"As travel agencies look to secure a competitive edge during this uncertain time, many are choosing a partner with the stability and resources to continue investing in advanced and new technology solutions," said Sean McDonald, vice president, online travel for Sabre Travel Solutions.  "The online sector is at the forefront of travel's recovery, so there is a huge opportunity for Cleartrip to act fast and position itself for growth.  Cleartrip's decision to streamline its GDS strategy and focus on its partnership with Sabre will enable the OTA to tap into expected growth in demand both during the recovery and beyond."

About Sabre Corporation
Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre's technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

About Cleartrip:
Cleartrip is the leading online travel and leisure aggregator in the Middle East and India. Founded in 2006, Cleartrip offers its customers a comprehensive and personalized travel experience through its innovative and award-winning mobile and desktop solutions.

Combining intuitive products with a customer-centric approach and the widest selection of flights and hotels, Cleartrip brings a highly differentiated value proposition to market, offering convenience, choice, competitive prices, and exclusive content.

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Contacts:

Media
Kristin Hays
kristin.hays@sabre.com

Heidi Castle
heidi.castle@sabre.com

Investors
Kevin Crissey
sabre.investorrelations@sabre.com

Sabre logo. (PRNewsFoto/Sabre) (PRNewsFoto/SABRE)

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SOURCE Sabre Corporation

FAQ

What is the significance of the Sabre and Cleartrip partnership?

The partnership positions Sabre as Cleartrip's largest GDS partner, enhancing Cleartrip's technology capabilities and improving customer travel experiences.

What technology will Cleartrip utilize from Sabre?

Cleartrip will use Sabre's Bargain Finder Max API to customize travel searches and enhance shopping experiences for customers.

How does this agreement impact Sabre's business?

The agreement strengthens Sabre's market position in the travel sector, allowing it to support Cleartrip's recovery and growth strategy.

When was the partnership between Sabre and Cleartrip announced?

The partnership was announced on July 13, 2021.

What is the stock symbol for Sabre Corporation?

The stock symbol for Sabre Corporation is SABR.

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