Release Details
Sabre acquires Genares, a global CRS and technology provider to the hospitality industry
Genares provides central reservations systems, revenue management and hotel marketing solutions to more than 2,300 independent and chain hotel properties. Effective immediately, Genares employees will join Sabre Hospitality Solutions, a global technology provider to nearly 18,000 hotels in 157 countries worldwide. Sabre's technology is proven to power incremental revenue growth, efficiency and overall profitability for many of the world's leading hospitality brands.
"Genares is well-known in the industry for its commitment to outstanding customer service and vast industry expertise, and that is highly complementary with Sabre," said
The acquisition will build on the foundation of Genares's outstanding products and services while introducing Genares customers to a broader suite of products and services to help accelerate their growth.
"Becoming part of Sabre is a terrific evolution for Genares and our customers," said
Sabre® Corporation (NASDAQ: SABR) is a leading technology provider to the global travel and tourism industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, such as passenger and guest reservations, revenue management, and flight, network and crew management. Sabre also operates a leading global travel marketplace, processing over
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