Sabre Corp is a Delaware corporation incorporated on December 11, 2006. The Company is engaged in providing technology solutions to the travel and tourism industry. The Company operates in two segments including Travel Network its global travel marketplace for travel suppliers and travel buyers, and Airline and Hospitality Solutions, suite of travel industry software solutions for airlines and hotel properties. Travel Network is business-to-business travel marketplace and consisting of global distribution system (GDS) and a broad set of solutions that integrate with its GDS to add value for travel suppliers and travel buyers. Its GDS facilitates travel by efficiently bringing together travel content such as inventory, prices, and availability from a broad array of travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with a large network of travel buyers, including online travel agencies (OTAs), offline travel agencies, travel management companies (TMCs) and corporate travel departments. The Airline and Hospitality Solutions business offers a portfolio of software technology products and solutions, through software-as-a-service (SaaS) and hosted delivery model, to airlines, hotel properties and other travel suppliers. The Company's Airline Solutions business provides software solutions that help its airline customer's market, sell, serve and operate. It offers irline software solutions in three functional suites: reservation system, SabreSonic Customer Sales & Service (SabreSonic); and commercial and operations solutions, Sabre AirVision Marketing & Planning; and Sabre AirCentre Enterprise Operations. Its Hospitality Solutions business provides software and solutions to hotel properties around the world. Its offerings include distribution through SynXis central reservation system (CRS), property management through SynXis Property Manager Solution (PMS), marketing services and consulting services that optimize distribution and marketing. The Company connects travel suppliers, including airlines, hotels, car rental brands, rail carriers, cruise lines and tour operators, with travel buyers in a comprehensive travel marketplace. It also offers travel suppliers a suite of software solutions, ranging from airline and hotel reservations systems to high-value marketing and operations solutions, such as planning airline crew schedules, re-accommodating passengers during irregular flight operations and managing day-to-day hotel operations. The Company faces competition from other regional and global travel marketplace providers, including other GDSs, local distribution systems and travel marketplace providers primarily owned by airlines or government entities and direct distribution by travel suppliers. The Company's business is subject to or affected by international, federal, state and local laws, regulations and policies.
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