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Sabre Hospitality introduces SynXis Pay to improve payment experience and simplify transactions for hoteliers

1. Sabre Hospitality to launch SynXis Pay, enhancing payment solutions for travelers. 2. Integration with 250+ payment methods offers greater flexibility for hotel checkouts. 3. Simplifies payment management for hotels, optimizing payment acceptance globally. 4. SynXis Pay aims to improve guest experiences and increase hotel conversion rates. 5. Phase rollout of SynXis Pay planned over coming months.

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Why Bullish?

The launch of SynXis Pay positions SABR favorably against competitors by enhancing guest experience. Historical successes in technology updates have led to positive stock responses.

How important is it?

The release of SynXis Pay directly addresses ongoing payment challenges in hospitality, promising immediate operational benefits and potential revenue increases for SABR.

Why Short Term?

Immediate rollout phases may quickly translate into positive sales and customer retention, boosting stock in the near term.

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The guest-centric solution seamlessly offers travelers new ways to pay and streamlines financial operations through orchestration , /PRNewswire/ -- Sabre Hospitality, a division of leading global travel technology company Sabre Corporation (NASDAQ: SABR), today shared plans to release SynXis Pay, its new solution that eases payment pain points for travelers and hoteliers alike. For travelers, SynXis Pay integrates with over 250 alternative payment methods, including Apple Pay, Google Pay, PayPal, Klarna, WeChat Pay and more, adding much needed flexibility when it comes to checking out on their favorite hotel websites. Additionally, it enables a new express checkout experience in SynXis Booking Engine if the guest selects Apple Pay or Google Pay. Those integrations are just one part of the equation. For hotels, SynXis Pay greatly reduces the complexity of managing multiple payment types in one place. SynXis Pay's orchestration layer – powered by CellPoint Digital, the leader in payment orchestration –optimizes global payment acceptance by seamlessly connecting to multiple gateways and dynamically enabling the most relevant payment methods based on the guest's location. In collaboration with other payment partners within the ecosystem, hotels can customize payouts in their local currency, converting from the guest's preferred currency. This minimizes exposure to foreign exchange rates and simplifies reconciliation. Plus, the enhanced guest experience contributes to increased conversion rates. "At Sabre Hospitality, we love to solve complex travel challenges in ways that benefit both our customers and travelers," said Juan Abello, Vice President of Product Management at Sabre Hospitality. "SynXis Pay is a prime example of that mission, offering travelers the flexibility and personalization they desire, while simplifying the resulting output and payout for our hoteliers. For some time, both sides of hospitality transactions have been hungry for improved payment processes. This is the truest definition of a 'win-win' scenario." SynXis Pay will be released in phases over the coming months. About Sabre Corporation    Sabre Corporation is a leading technology company that takes on the biggest opportunities and solves the most complex challenges in travel. Sabre harnesses speed, scale and insights to build tomorrow's technology today – empowering airlines, hoteliers, agencies and other partners to retail, distribute and fulfill travel worldwide. Headquartered in Southlake, Texas, USA, with employees across the world, Sabre serves customers in more than 160 countries globally. For more information visit www.sabre.com. Media Contact:Cassidy Smith-Broyles[email protected][email protected] SABR-F SOURCE Sabre Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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