Southlake, Texas-based travel technology company Sabre Corporation has entered into a strategic long-term global partnership with hospitality major OYO Homes & Hotels.
Under the deal, the Gurugram-headquartered company will be connected to almost 9,00,000 travel agents globally via a connectivity solution powered by Sabre Hospitality Solutions' SynXis platform, the companies said in a joint statement.
The SynXis platform will help the SoftBank-backed company generate increased bookings and open up additional revenue opportunities for its asset owners.
“Asset owners are the backbone of our business and we believe that this partnership will immensely help owners generate additional demand for the properties and widen their reach. Sabre's deep-rooted expertise and proven ability to handle large volumes of properties and transactions make them a partner of choice for OYO," Maninder Gulati, global chief strategy officer at OYO, said.
"With this announcement, we are enabling a new distribution model for OYO, increasing their exposure to global markets in addition to supporting travel agents as they aim to cater to their customers' ever-changing needs," Frank Trampert, managing director and chief commercial officer (EMEA and APAC), Sabre Hospitality Solutions, said.
Founded in 1960, Sabre Corporation is a technology provider for the global travel industry. Sabre's software, data, mobile and distribution solutions are used by airlines and hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a travel marketplace and serves customers in over 160 countries.
OYO Homes & Hotels, set up in 2013 by Ritesh Agarwal, currently operates in over 800 cities in 80 countries, including the US, Europe, UK, India, Middle East, southeast Asia and Japan.
In the latest appointments and layoffs, OYO was in the news earlier this month when it fired 200 employees from its Delhi office. In December last year, it appointed Ankit Gupta as its COO and senior vice president of frontier businesses OYO India and South Asia.
Also in December last year, technology firm Yahoo cancelled a joint venture on real estate rental brokerage business OYO Life in Japan.