Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Taiba Investments, a leading Saudi hospitality company with an extensive record in managing, developing, and operating hotels and residential compounds across the Kingdom of Saudi Arabia, announced the signing of a strategic technology agreement at the Arabian Travel Market event in Dubai. This collaboration will see the adoption of Sabre Hospitality's SynXis platform across multiple hotel brands within Taiba Investments' portfolio, including Makarem and Nur. Sabre global cloud-based commerce and distribution platform, SynXis Central Reservation System (CRS), is at the forefront of reservation system technology, empowering hoteliers to efficiently manage inventory and pricing while maximizing reach and visibility across all distribution channels. This partnership underscores both companies' commitment to leveraging innovative technology to drive growth and deliver exceptional guest experiences. Taiba Investments has established itself as a key player in the evolution of the hospitality industry within the Kingdom of Saudi Arabia, with a portfolio that currently features 20 hotels, 13 residences, and six commercial centers. The company demonstrated its robust expansion strategy through its acquisition of Dur Hospitality in 2023, bolstering its leadership in providing authentic Saudi hospitality, with a particular focus on serving Hajj and Umrah pilgrims in the two Holy Cities. Taiba Investments aims to set new standards for operational excellence in the market through its homegrown brands and global partnerships, supporting the broader goals of Saudi Vision 2030. The agreement between Sabre and Taiba Investments marks a significant step forward in the use of technology to enhance the hotel guest experience in Saudi Arabia. By leveraging Sabre's SynXis platform and distribution capabilities, Taiba Investments Company aims to elevate its booking journey and empower its distribution strategy, ensuring that guests receive the best possible service from the moment they make a reservation. Aven Hospitality, formerly Sabre Hospitality Solutions, is an independent global technology and SaaS leader in the hospitality industry, powering how hotels sell, distribute, and deliver guest experiences. SynXis, the leading global hospitality commerce and distribution platform, coordinates hotel information across 600+ integrations to ensure accuracy, consistency, and competitiveness wherever travelers discover, compare, and book. Trusted by 35,000+ hotels across 175 countries, Aven Hospitality serves as the connective layer behind many of the world's most iconic brands, simplifying complexity behind the scenes so hoteliers can operate with confidence today and stay ready for what's next.We are excited to partner with Taiba Investments, a company renowned for its dedication to hospitality excellence and deep commitment to the Saudi culture and its unique requirements. Through the cloud based SynXis platform, we are eager to support Taiba Investments' vision of expanding its brand presence, enhancing operational efficiencies, and catering specifically to the nuanced needs of the Saudi market. This collaboration represents a significant milestone in our ongoing efforts to revolutionize the hospitality industry with cutting-edge technology, while integrating the rich heritage and customs of Saudi Arabia. Frank Trampert, Senior Vice President, Global Managing Director of Community Sales for Sabre Hospitality
Our partnership with Sabre is a testament to Taiba Investments' strategic focus on redefining Saudi hospitality services by adopting innovative solutions that enhance our operational capabilities and enrich our guests' experiences. We look forward to implementing the SynXis CRS across our portfolio to supplement our distribution strategy and ultimately offer our guests more personalized and seamless experiences. We believe this collaboration will support our goals of leveraging innovative technology to enhance the hospitality landscape across the Kingdom. Hassan Ahdab, Chief Hospitality Operations Officer - Taiba Investments Company
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