Sabre Hospitality Extends Long-Term Relationship with Wyndham Hotels & Resorts

Rhea-AI Summary

Sabre Hospitality, a division of Sabre (NASDAQ: SABR), has renewed its long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor. Wyndham will continue to use Sabre's SynXis Central Reservation System (CRS) for its global operations, extending a partnership that has lasted nearly two decades.

The SynXis CRS platform offers Wyndham efficient pricing and inventory management, global distribution connectivity, and integration with its Wyndham Rewards program. This renewal supports Wyndham's strategy across its 25 brands and over 9,100 hotels in 95 countries, handling nearly 70 million transactions annually.

Earlier this year, Sabre successfully migrated over 5,000 Wyndham properties to the SynXis Property Hub, including a record 550 hotels in a single month, demonstrating the platform's scalability and efficiency.

Positive

• Renewal of long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor
• Continued use of Sabre's SynXis CRS across Wyndham's global portfolio of 9,100+ hotels
• Successful migration of over 5,000 Wyndham properties to SynXis Property Hub ahead of schedule

Negative

• None.

Technology Analyst

The renewal of Sabre Hospitality's agreement with Wyndham Hotels & Resorts is a significant development in the hospitality technology sector. This extended partnership underscores the robustness and scalability of Sabre's SynXis Central Reservation System (CRS).

The key takeaway is the successful migration of over 5,000 Wyndham properties to the SynXis Property Hub, with a record 550 hotels transitioned in a single month. This accelerated implementation, completed nearly a year ahead of schedule, demonstrates the platform's efficiency and adaptability to large-scale operations.

For investors, this renewal signals strong customer retention and potential for recurring revenue streams for Sabre. The longevity of the partnership - nearly two decades - suggests a high switching cost for Wyndham, which could translate to stable, long-term income for Sabre.

However, it's important to note that while this agreement solidifies Sabre's position in the hospitality tech market, it also highlights a potential risk of over-reliance on key clients. Investors should monitor Sabre's client diversification strategies to mitigate this risk.

In the broader context, this partnership exemplifies the growing importance of robust, cloud-based systems in the hospitality industry. As hotels increasingly rely on technology to streamline operations and enhance guest experiences, companies like Sabre that can deliver scalable, reliable solutions are well-positioned for growth.

Hospitality Industry Expert

The renewal of Wyndham's partnership with Sabre Hospitality is a strategic move that reinforces Wyndham's commitment to providing cutting-edge technology solutions to its franchisees and hotel operators. This decision has several implications for the hospitality industry:

• Operational Efficiency: The SynXis CRS platform enables Wyndham to maintain centralized control over its vast network of over 9,100 hotels across 95 countries. This centralization is important for maintaining brand consistency and operational efficiency across such a diverse portfolio.
• Distribution Strategy: By continuing to use Sabre's platform, Wyndham ensures seamless connectivity with global distribution channels, which is vital for maintaining its competitive edge in the increasingly digital travel marketplace.
• Loyalty Program Integration: The integration of Wyndham Rewards® with the SynXis platform allows for more effective management of the loyalty program, potentially enhancing guest retention and driving direct bookings.
• Franchisee Support: This partnership demonstrates Wyndham's commitment to providing its franchisees with robust technological tools, which could be a key differentiator in attracting and retaining hotel owners in a competitive franchise market.

The successful migration of 5,000 properties to the SynXis Property Hub ahead of schedule is particularly noteworthy. It suggests a smooth implementation process, which is often a challenge in large-scale technology deployments in the hospitality sector.

For the broader industry, this partnership sets a benchmark for technology adoption and highlights the increasing importance of advanced reservation and property management systems in driving operational excellence and guest satisfaction in the hospitality sector.

SOUTHLAKE, Texas, July 31, 2024 /PRNewswire/ -- Sabre Hospitality, a division of Sabre Corporation (NASDAQ: SABR), today announced the renewal of its long-term agreement with Wyndham Hotels & Resorts, the world's largest hotel franchisor with more hotels than any other company in the world. Under this renewed agreement, Wyndham will continue to utilize Sabre's cloud based SynXis Central Reservation System (CRS) to manage its operations, reaffirming Sabre Hospitality as their exclusive global central reservation system provider for nearly two decades.

SynXis CRS is the leading global hospitality commerce and distribution platform, enabling hoteliers to achieve their strategic goals with streamlined distribution, centralized control, and greater flexibility. With this renewal, Wyndham will continue to benefit from efficient pricing and inventory management, extensive global distribution connectivity, robust bulk upload tools, and a fully integrated guest profile linked to its Wyndham Rewards® program. The platform will also help Wyndham to maintain its competitive advantage while continuing to deliver memorable experiences to guests.

"We are thrilled to continue our long-standing relationship with Wyndham Hotels & Resorts," said Gene Guhne, senior vice president, global managing director, enterprise sales for Sabre Hospitality. "This agreement is a testament to the strength and reliability of the SynXis platform. We are dedicated to supporting Wyndham's strategy by delivering innovative solutions that meet the evolving needs of their global portfolio."

Wyndham Hotels & Resorts, renowned for its extensive global footprint, operates 25 brands comprising over 9,100 hotels across 95 countries. With nearly 70 million transactions annually, Wyndham remains committed to providing industry-leading technology to its global portfolio of franchisees and hotel operators. This extended partnership underscores the enduring power of the SynXis platform, known for its stability, security, and scalability.

"Our collaboration with Sabre Hospitality has been instrumental in our ability to offer superior technology solutions to our franchisees and hotel operators," said Scott Strickland, Chief Commercial Officer (CCO) of Wyndham Hotels & Resorts. "The SynXis platform has consistently provided the stability and flexibility we need to enhance our operations and deliver exceptional guest experiences. We look forward to many more years of success together."

Earlier this spring, Sabre achieved a landmark milestone by migrating over 5,000 Wyndham properties to the SynXis Property Hub, including a record-breaking transition of 550 hotels in a single month, nearly a year ahead of schedule. This significant achievement highlights the platform's ability to support large-scale operations seamlessly.

About Sabre Corporation
Sabre Corporation is a software and technology company that takes on the biggest opportunities and solves the most complex challenges in travel. The Company connects travel suppliers and buyers around the globe and across the ecosystem through innovative products and next-generation technology solutions. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com. 

About Wyndham Hotels & Resorts
Wyndham Hotels & Resorts (NYSE: WH) is the world's largest hotel franchising company by the number of properties, with approximately 9,200 hotels across over 95 countries on six continents. Through its network of nearly 885,000 rooms appealing to the everyday traveler, Wyndham commands a leading presence in the economy and midscale segments of the lodging industry. The Company operates a portfolio of 25 hotel brands, including Super 8®, Days Inn®, Ramada®, Microtel®, La Quinta®, Baymont®, Wingate®, AmericInn®, Hawthorn®, Trademark Collection® and Wyndham®.  The Company's award-winning Wyndham Rewards® loyalty program offers approximately 110 million enrolled members the opportunity to redeem points at thousands of hotels, vacation club resorts and vacation rentals globally. For more information, visit wyndhamhotels.com. 

SABR-F

Media Contacts:

Kristin Hays
Kristin.hays@sabre.com

Heidi Castle
heidi.castle@sabre.com

Investor Contact:

Brian Roberts
sabre.investorrelations@sabre.com

 

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SOURCE Sabre Corporation

FAQ

What is the significance of Sabre's renewed agreement with Wyndham Hotels & Resorts for SABR stock?

The renewed agreement signifies a continued long-term partnership with the world's largest hotel franchisor, potentially providing stable revenue and demonstrating the strength of Sabre's SynXis platform in the hospitality industry.

How many Wyndham properties were migrated to Sabre's SynXis Property Hub in 2024?

Over 5,000 Wyndham properties were migrated to Sabre's SynXis Property Hub, with a record-breaking transition of 550 hotels in a single month, nearly a year ahead of schedule.

What benefits does the SynXis Central Reservation System provide to Wyndham Hotels & Resorts?

The SynXis CRS provides Wyndham with efficient pricing and inventory management, extensive global distribution connectivity, robust bulk upload tools, and integration with its Wyndham Rewards program, enhancing operations and guest experiences.

How many transactions does Wyndham Hotels & Resorts handle annually using Sabre's system?

Wyndham Hotels & Resorts handles nearly 70 million transactions annually using Sabre's SynXis Central Reservation System.