SABRE achète SYNXIS pour $40M

[Tomtom]

http://www.eyefortravel.com/index.asp?news=44362

Sabre to acquire SynXis to broaden hotel distribution capabilities
In a move to further expand its services to the hotel industry, Sabre Holdings is to acquire SynXis, a privately-held provider of reservation management, distribution and technology services for hotels. (12/13/2004)

The acquisition is expected to extend Sabre’s reservation technology used at about 6000 hotels, and to provide Sabre with a unique role in end-to-end selling from hotels to travellers.

SynXis strives to enable hotels to maximize revenue and reduce costs through innovative, market-driven technology. The SynXis Reservation Management System empowers hotel operators to easily consolidate and manage hotel inventory from all sources, thus providing seamless GDS connectivity. It also helps hotels build revenue by enabling them to independently manage each distribution channel from one easy-to-use control center.

"With SynXis, we have the opportunity to deliver an even broader range of services to meet the needs of the hotel industry, which is the largest segment of travel today," says Eric Speck, Chief Marketing Officer, Sabre Holdings. "We can provide hoteliers with the ability to sell more rooms more efficiently, and simplify the process at the point of sale where they are issued. It also enables us to expand and deepen our relationships with hotel properties and better serve the hotel requirements for all of our agents, online and offline.”

He adds that the move reinforces Sabre’s belief that the best way to give travellers what they need is to make sure that suppliers get what they need, too. He believes that in this case, it is compelling technology that can automate the hotel reservation process and provide hoteliers with a single view of inventory.

The $40 million cash transaction is expected to be neutral to Sabre Holdings earnings per share on an adjusted basis in 2005 and slightly dilutive on a GAAP basis in 2005 due to the amortization of certain intangibles. The proposed transaction is expected to generate tax deductions that will effectively reduce Sabre’s cost of the acquisition by approximately $6 million, to approximately $34 million.

The transaction is expected to be closed in the first quarter of 2005. After closing, SynXis and its two operating subsidiaries, will continue to offer its extensive range of services under the SynXis brand.

[FINK]

Excellent idée ce sondage. Je ne sais pas si on aura beaucoup de monde pour participer, plutôt que de juste lire, mais pourquoi pas tenter.

Je crois que Sabre est de taille à contrer ses concurrents. Il commence à bouger, c'est peut être le deébut de qq chose. A voir.

Ils sont déja les plus gros et ont une grosse avance tech sur les plateformes de distrib aériennes et "tiennent" pas mal l'aérien. La déréglementation aérienne US devrait mettre leur partie GDS en meilleure posture que les autres.

Ils ont peu de concurrence US et sont locaux, pas les autres. Sur l'Europe tout le monde y est, mais il faut des moyens pour soutenir la concurrence. Et comme tout le monde veut le business US, qui vient de chez eux .....

@+
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Meilleures salutations

FINK

[THB - RevDev]

C'est deja Sabre le Leader. La question est va t'il le rester. Je ne pense pas qu'Amadeus soit de taille en revanche, sauf si une nouvelle fusion / acquisition avec un acteur majeur intervenait.

Pour les 2 qui font la course en tête, il s'agit surtout de savoir si Cendant va détrôner Sabre Holdings en E-commerce. Cendant a Galileo et Orbitz et Sabre Holdings a Sabre et Travelocity. Il semble que l'appetit de Cendant soit plus aiguisé et ses acquisitions récentes plus rapides et gourmandes que celles de Sabre. Sabre est toujours le GDS leader devant Galileo et Travelocity se bat à relative égalité avec Orbitz. Seul Expedia les supplante en web.

Ce sont peut être des acteurs de moyen plan qui feront pencher la balance, à moins que ce ne soit Interactive Corp avec Expedia, en s'alliant à ?????
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Best regards

Thierry Blottin
Hotel Yield / Revenue Management
http://www.revdev-consultants.com