According to Saber’s announcement on Friday, American Express Global Business Travel will make a “long-term, multi-million dollar annual investment” to develop the technology alongside Saber Corp. over the next decade under an expanded partnership between the two companies.
The expanded partnership will take effect in January. Specifically, Amex GBT and Saber plan to work together to enhance the company’s travel booking capabilities, accelerate sales and retail solutions, and “enable efficient and superior customer service.” level”, according to Saber.
“While the pandemic has certainly challenged the travel industry, we firmly believe in a strong recovery over time, particularly in the business travel sector,” said President and CEO Saber Sean. Menke said in a statement. “However, the expectations of corporate and corporate travelers have fundamentally changed; demand for new, differentiated products designed for the specific needs of travelers is likely to be pronounced. Our strategic partnership with GBT is rooted in our shared belief in the need for technology that will enable participants across the entire tourism ecosystem to meet new needs this. “
Specific details of the investment amount were not disclosed. Saber is also one of the new investors announced today in The merger of GBT with the special purpose acquisition company Apollo Strategic Growth Capital, will make GBT public.
