B2B Payments

Sabre Helps Hotels Boost Corporate Foot Traffic

Travel technology provider Sabre is looking to help hotels increase their business with corporate travelers. In an announcement made Friday (July 24), the firm revealed its new host of solutions to help hotels compete for their place on the expense sheet.

Sabre Business Travel Services provides a link for hotels to corporate business travel managers and other business partners, the firm said, and offers tools to manage corporate accounts. Companies, on the other hand, can use the new platform to negotiate contracts with hotels for their employees.

“On a macro-economic level, business travel continues to be a major economic driver, and the same is true on a micro-level for hotels looking to build their corporate business and serve business travelers,” said Sabre Hospitality Solutions President Alex Alt. “Our Business Travel Services simplify that process by helping hotels compete for valuable business travel contracts and helping corporations get the most from their travel budgets.”

The new platform utilizes data of hotel rates for both the hotels and for corporate travel managers to assure that both sides get the best deal as possible, the company said.

Sabre identified the findings of its recent research, conducted by GBTA, that revealed how travel managers are increasingly relying on technology to book employee travel and manage travel accounts. Fluctuations in hotel rates can be difficult to track, and Sabre said that it is looking to provide the officials that book employee travel with the solutions they need to ensure they get the best deal.

“As hotel rates continue to climb, a corporation’s hotel spend can account for as much of the travel budget as air travel,” Alt said. “So it’s extremely important that corporations can tie negotiated rates to booked rates to ensure travelers are being offered what was negotiated and that they track that savings throughout the year — not just during negotiating season.”

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New PYMNTS Report: The CFO’s Guide To Digitizing B2B Payments – August 2020 

The CFO’s Guide To Digitizing B2B Payments, a PYMNTS and Comdata collaboration, examines how companies are updating their AP approaches to protect their cash flows, support their vendors and enable their financial departments to operate remotely.

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