| Item 7.01. | Regulation FD Disclosure. |
On March 2, 2021, Sabre Corporation provided the following key volume metrics update:
The COVID-19 pandemic continues to represent a challenge to the travel industry. However, as COVID-19 vaccines are administered and the rate of new reported COVID-19 cases drops, we have seen some recent improvement in our key volume metrics. Our air bookings in February 2021 showed a sequential improvement versus January 2021 results, with improvements across every region. Our gross air bookings were down approximately 77% and net air bookings were down approximately 76% in February 2021 versus February 2019. Passengers boarded were down approximately 63% in February 2021 versus February 2019. The strongest improvement remains in hotel bookings, with gross hotel central reservation system transactions down approximately 46% in February 2021 versus February 2019.
The decline in our key volume metrics versus 2019 levels is summarized in the chart below.
| 1 | 7-Day moving average; calendar shifted; CRS transactions are community model only; data through Feb 28, 2021 |
Forward-looking statements
Certain statements herein are forward-looking statements about trends, future events, uncertainties and our plans and expectations of what may happen in the future. Any statements that are not historical or current facts are forward-looking statements. In many cases, you can identify forward-looking statements by terms such as “expect,” “future,” “believe,” “plan,” “guidance,” “outlook,” “anticipate,” “will,” “forecast,” “continue,” “strategy,” “estimate,” “project,” “may,” “should,” “would,” “intend,” “potential” or the negative of these terms or other comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Sabre’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. The potential risks and uncertainties include, among others, the severity, extent and duration of the global COVID-19 pandemic and its impact on our business and results of operations, financial condition and credit ratings, as well as on the travel industry and consumer spending more broadly, the actions taken to contain the disease or treat its impact, the effect of remote working arrangements on our operations and the speed and extent of the recovery across the broader travel ecosystem, dependency on transaction volumes in the global travel industry, particularly air travel transaction volumes, including from airlines’ insolvency, suspension of service or aircraft groundings, the effect of cost savings initiatives, the timing, implementation and effects of the technology investment and other strategic initiatives, the completion and effects of travel platforms, travel suppliers’ usage of alternative distribution models, exposure to pricing pressure in the Travel Solutions business, changes affecting travel supplier customers, maintenance of the integrity of our systems and infrastructure and the effect of any security breaches, failure to adapt to technological advancements, competition in the travel distribution market and solutions markets, implementation of software solutions, reliance on third parties to provide information technology services and the effects of these services, the execution, implementation and effects of new, amended or renewed agreements and strategic partnerships, including anticipated savings, dependence on establishing, maintaining and renewing contracts with customers and other counterparties and collecting amounts due to us under these agreements, dependence on relationships with
