you Kevin. for Thanks thank today. joining morning, everyone, Good us and
progress our business. Network growth the continued by a helping significant have and throughout the transformative enterprise future But associated win concerns new tempered Accor, these the excitement world. market the ensure successes made to bright a is with with for within of Coronavirus our deal share in Google, We and company impact with with a Travel
In review and of the a He the what our few XXXX quarter first we on seen and our XXXX financial results the will expected also minutes, on Doug color will excluding date Coronavirus impact have results. provide to Coronavirus. guidance
through going I prepared other want numbers, our of the because like today’s may try quarters the you remarks little items. to into I a important provide, Before to would keep we call shorter. compared begin by run getting to clarity long taking to will but three call This forward,
years. business our First, I past over will briefly has highlight three made the the progress
reduced technology few spend decision over a why years $XXX the will highly technology costs. I long-term discuss a transitory, increase and to power next valuable and platform committing incremental in Second, we surge our million is XXXX believe the expected we efficient addressable expect for spending market
margin structure in into this Sabre’s results continued an it believe a we XXXX. important is how explain Finally, I’ll success by spending better overall why and our fits to transitory expectation strategy, for
airline are transaction-based to have the not move the and the put the a the the is entire Sabre travel investing continue network cloud. that and customer-centric experience, of focused just to on investments and mainframe to steps to We infrastructure making predictive, We path a profitable side model take, will help model from equation, and long-term are taken shareholder we we on more will to create value. strongly believe growth a from
We measurable company, XXXX made we’ve the several improvements and you in Throughout In XXXX, changes investments strong following management the and we with years. security, stability We a made best-in-class team in our the health. that product technology resulted are foundation. past in of strengthened over our built backgrounds. aware technology
in past XX-minute on X a decrease our the over severity in in decrease example, resolution. two a focus X years, to time incidents average and resulted For XX% severity stability has and
customers’ of the portfolio business Travel we their evolved looks umbrella services how across can our Solutions side, created go-to-market enhance and enable Travel better Solutions On approach, organization the entire needs a Airline products over and our our Network collaboration their We teams. Sabre that one engagement across success. and to presenting
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externally renewals our allowed and our to technology, in and XXXX leadership business. internal We won XXXX. us The and XXXX in investments and signed new we focus in focus shift made business key
per generated incentive of moderated XXXX solid quarter Network, marked quarter fourth a eighth GDS The single-digit booking for to the growth. growth. we share. quarter consecutive revenue growth third in of our And the low gains row, Travel fee At in
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throughout making to We and the be the around world airlines with continue forward engaged year. look progress to
revenue properties world. generated Solutions, recently We collaboration strong more hotel a we as Accor, the well. with world-leading major a around announced than Hospitality group with At X,XXX
Accor enterprise their partner, to a This interest hospitality expect and SynXis system management in around to gathered industry-leading central reservation we will industry. newest it all increasing hospitality we full-service announcement our of has properties development our hoteliers property with role As the the lead our collaborate system. of believe on across and implement world, the
and As ahead resulted our flow describe Doug results solid in generation momentum later, year will of cash our the for guidance. financial free commercial
the enter we expect core As business we continue perform well. XXXX, to to
that five how do will end shopping including, How GDS? thinking customer-centric our traveler? influence channel, but the agency distribution hotel to, they bookings, retailing, Finally, any has items these new, aware, distribution ten are on hotel been limited of our financial sell about new and look more and how of for airline, these convert travel they to future, these current, services not How to complicated, years increasingly do business. and the products therefore airline we and Each in more critically fulfill one actual an we customer-centric do through the performance sold offers and you revenue? have customers. and As create into drive of fulfillment travel customers products help
and to to pieces. have industry, row marketplace our of front facilitate the global we our a solutions complexity the travel seat the evolving and Due critical moving role interdependence the that and understand
a partners helping there can being their in are committed effectively and than and faster get own. leader on more to this our We they evolution
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have and $XXX million our these capitalize continue connect We spend dots customers profitable meet are That our to ecosystem. a leading announced future the travel and incremental on on today, well-positioned demands Sabre. of to believe we our to advance why we technology be secure to trends in an plan XXXX a in to the for innovator emerging help to efforts more is
five we’ve to The $XXX opportunities. identified is strategic respond among technology million trends to and initiatives allocated emerging the spend
with capabilities, allow from and First intelligence offers. transactional offer. for intend to is predictive, roadmap approach customer-centric accelerate a suppliers personalized to personalized IT processes to new that focus transition more a We our
a annually, only that’s the on performance few tip engine. isn’t past iceberg. offers It’s the of merchandizing personalized capabilities. shopping new over and Creating the years just about XX% grown Shopping volumes high dependent have
continue volumes and these believe and complexity more expect will we We their and to to evolve, on volumes equipped continue airlines to offers grow. manage that aren’t complexity custom shopping specialized As own. technology providers
ways we more can increasing billion annual the We potentially on see in travel $X and There passenger multiple boarded, dollar global the billion of an If worldwide passengers that the addressable one X opportunity revenues total market revenue for industry. basis. unlock approximately unlocks are per boarded future.
with stated stand-alone acquisition to merchandising will unlock our through the the sales revenues close PSS, ability we to works so. to as believe increase when with that we any engine a We desire permitted do Farelogix our of
PSS carriers with merchandising with evolution upselling that that full-service includes for SabreSonic, with go-to-market for models and a value-based airline and wins compensate to pricing Additional more sales. strategy advanced Radixx LCCs
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through challenges content. the around we the Integrating increase over NDC the experiment integrating NDC believe offers, airline with and marketplace the few GDS value airlines can GDS, content of We the channel. into of world years the value distribution by specifically as options, answers the faced the the last has indirect the different
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strategic low initiative third growth. carrier The is cost
global past boarded, full-service over LCCs as reach X.X over passengers. the XX% twice or as fast years, to approximately grown of counterparts have Over billion passengers several their
we billion years, XX% XX next global will of passengers X.X LCCs over or estimate share, the annually. Over boarded reach seat that approximately
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Finally, our transformation. technology
quality product continuing and speed more Our customers terms in to delivery. of of are demand
technology rather was roadmap. we have But our faster stack, handle to technology than which We customer-centric move to transition to progress transactions made solutions. need our significant on designed
think with transformation the magnitude A providers leading challenge, To in. this the transform push the a compete extensive more travel this relationship vertical difficult. to took to help more we Sabre broadly we to technology contemplate address technology and cloud of is opportunity help
predictive, transformation and we is to a us negotiations, an complete with deal travel advanced, our signed and marketplace. customer-centric build consideration tech help Google Google. historic After partnering
mainframe believe financial superior price Benefits Google’s be Google us improved long-term than what we our what help at economics off assistance centers including the on legacy legacy versus include, XXXX with provide better and if economics, our under systems and Cloud cloud to deal data our DXC migrate other contracts, have to currently needed, side we technological Google and, of performance will after contract. mainframe services and
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framework with it of and artificial to capabilities Other to the how data and and unlock an agreement innovate innovation the Google is our market. solutions to Cloud Google learning revenue explore best-in-class analytics, machine of Google gives in opportunities, in include new preferred provide help elements benefits with application that can the data an intelligence we Sabre way agreement a a together, finally, opportunity partnership, is meaning unique to
Ultimately, accelerate platform. elaborate and is expected innovation Dave our to provide differentiation. migrating lower and in expect technology us benefits is with Shirk our the the technical on we cloud-based a can session here transformation Q&A costs, to today competitive from
reiterate, Accor, support bold carrier develop so, of desire that partnership continued Google the with Radixx, to acquisition with support the to growth, transformation. close offer includes, full-service our our moves these a transaction, of align our and PMS, do future to to already strategic taken technology collaboration our want initiatives. and to permitted to I we’ve personalized distribution to our when Farelogix and with NDC, low-cost advance This
a of strategic have these actions you better and partnerships understanding why so Hopefully important. are
We our customer-centric to platform. will opportunities out build look travel that continue at
to and XXXX, ongoing advanced will five We Given we years, million we initiatives is the over of opportunities the believe in in marketplace incremental invest believe spend we our $XXX investment our technology next growth. the strategic envision. the create now time see, successful execution few
share, to By this We can creation billion our our the investment a versus transformation is for XXXX, $XX we higher spend and our or surge help our believe market and margins. goal profitable today, costs, we by billion position valuable is generate $X much ourselves in more a result think the increased address more, increase to addressable lower company. of
to I crisis the global Before address impact to people the throughout of I and Coronavirus hand want health to Doug, world. it thousands over briefly the related
those impacted. out Our thoughts to go
with to help fluid We engage have employees this and this customers with parties all continue situation through dealing and to period. manage will difficult
is one financial estimate can that will first will Doug our the its Coronavirus’ on impact at While outbreak. in material provide the short-term have and impact. effects preliminary anticipate quarter the nature, we on and no we ultimate of our results, impact financial hope a point, the Coronavirus XXXX predict this timeline
call with over that, the And I will to Doug. hand
