FORT WORTH, Texas, Jan. 20, 1999 - The SABRE Group
(NYSE: TSG) today announced that Travelocity.com has raised the industry
benchmark for online travel by recording more than $9 million in sales
for the week ending January 10.
Throughout the past year, the company consistently led the industry
with record breaking weekly sales figures. Online revenue in 1998 for The
SABRE Group's consumer-direct products, including Travelocity.com, was
$285 million, more than double that of the previous year.
"We believe our 1998 revenue is evidence of our leadership position
in the online travel arena," said Terry Jones, chief information officer
of The SABRE Group. "By focusing our efforts on the consumer's need for
convenience, speed, security and low prices, we will continue to experience
increased success in 1999." The company's achievements in 1998 were fueled
by successful product innovations and site enhancements including:
-
Shop Safe Guarantee - an added assurance against unauthorized credit card
usage
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A site redesign - the addition of features developed to speed the flight
booking process and provide an improved hotel database, giving members
access to reviews, amenities, maps and photos
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An express buy feature - customers purchase airline tickets with just three
clicks of the mouse
In addition to the positive market response, the industry has also recognized
Travelocity.com with a host of awards. Already this month, the site was
named "Best Online Travel Network" by Yahoo! Internet Life, "Top 100 Web
Site" by PC Magazine and was nominated for the Webby Award's "Best Travel
Web Site." Awards for 1998 included the following:
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"World's Leading Travel Internet Site" by the World Travel Awards for the
second consecutive year
-
"Best Travel Web Site" by readers of Business Travel International Magazine
in February 1998
Travelocity.com is owned and operated by The SABRE Group, a world leader
in the electronic distribution
of travel and travel-related services around the globe. Travelocity.com
provides reservations capabilities for more travel providers than any other
Internet site with more than 420 airlines, representing 95 percent of all
airline seats sold, more than 40,000 hotels, and more than 50 car rental
companies. This reservations capability is paired with access to a vast
database of destination and interest information. To date, The SABRE Group
has sold more than 2.5 million airline tickets online, and since its launch
in March of 1996, Travelocity.com has registered more than 5 million members
and logs more than 55 million page views per month. The SABRE Group is
a leading provider of information technology solutions for the travel and
transportation industries, including customized software development and
software products, transaction processing, consulting and total information
technology outsourcing. |