BOSTON, Aug. 21, 2019 /PRNewswire/ -- Texas-based Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, hosted a ribbon cutting ceremony today to mark the grand opening of its Boston Innovation Lab. Boston Mayor Marty Walsh was among the guests who shared remarks during the event led by Sabre CEO Sean Menke and Sabre Labs president and former Google executive, Sundar Narasimhan.
"Sabre has a long history of technology leadership in retailing, distribution and fulfillment of the $1.7 trillion travel marketplace," said CEO Sean Menke. "Over the past two years, we have focused on reinvigorating and transforming Sabre to continue to accelerate innovation to the market. Today we take an important step in that journey by opening our Innovation Lab in Boston, where we look forward to exciting developments that will result from partnerships with our customers and technology partners."
The Innovation Lab will serve as the headquarters for Sabre Labs, Sabre's global research and development arm that explores novel uses of big data, machine learning, AI and other emerging technologies to shape the future of travel. Sabre strategically selected Boston's popular Seaport District and plans to draw upon the City's innovation economy powered by its world-renowned research institutions and community of leading technology companies.
"Boston was an obvious choice for the location of our Innovation Hub," said Sundar Narasimhan, president of Sabre Labs and Product Strategy. "It has a vibrant technology community and access to talent from the nation's foremost technical universities. In this Lab, our team of software engineers will work in close collaboration with Sabre's product development teams and customers to accelerate ideas into next-generation solutions that reimagine the business of travel."
Sabre's technologies produced $3.9 billion in revenue in 2018, reflecting longstanding strengths in travel and technology. Sabre operates the world's largest travel marketplace and processes more than $120 billion in travel spend annually. Its range of SaaS solutions, from baggage tracking solutions to intelligent retailing offerings serve hundreds of airlines, over 42,000 hotel properties, thousands of travel agencies, and many more players throughout the travel industry including car rental companies and cruise lines.
The Innovation Lab, located at 321 Summer St., is a 10,635 square foot workspace that is expected to add 60 jobs to the Boston economy. It will expand Sabre's statewide presence which includes a Sabre Hospitality Solutions office in Watertown, and a global workforce that totals nearly 9,000 in all.
About Sabre Corporation
Sabre Corporation is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.
SOURCE Sabre Corporation