Leading Online Travel Agency Lastminute.com Renews Multi-Year Distribution Agreement With Sabre
Portfolio Pulse from Benzinga Newsdesk
Sabre Corporation (NASDAQ:SABR), a global travel industry technology provider, has renewed a multi-year distribution agreement with lastminute.com, a European travel tech leader. The agreement will enhance lastminute.com's customer experience through Sabre's shopping and virtual payments solutions, including the Bargain Finder Max shopping API and Sabre Virtual Payments technology. This partnership aims to drive technology innovation, increase customer loyalty, and drive revenue for lastminute.com by offering a seamless travel planning and booking experience.
November 14, 2023 | 1:22 pm
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Sabre Corporation has renewed a key multi-year agreement with lastminute.com to provide advanced shopping and virtual payment solutions, aiming to improve customer experience and drive revenue growth.
The renewal of the distribution agreement with lastminute.com is likely to have a positive impact on Sabre Corporation's revenue and market position in the short term. The deal emphasizes the importance of Sabre's technology in the travel industry and its role in enhancing the customer experience, which could lead to increased usage of Sabre's services and potentially higher revenues. The news is directly related to Sabre's core business operations and is significant for investors, hence the positive score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90