Thanks, Kevin. for you Good today. morning everyone joining us and thank
while provided any COVID-XX a many I responded. the couldn’t Sabre their personal bookings of in what in be have into the air and sincerely my presented the members details thank XXXX pandemic, service by technology on and extraordinary our than with the dedication. remote get down prior challenges Against been that global has I’d customers ever They for work year. of pandemic, more we briefly of world challenges the transformation, reflect an team the operating them our of advanced for how we In I including like industry, of managing around prouder Before the how fourth hotel they exceptional the seen backdrop, to environment. quarter, travel faced year. greatest light
of As This quick XXXX, go-forward improvement position. the took a we by $XXX margin in million. We five-percent decisive the to spread, our EBITDA impact point all else actions COVID-XX financial reduced approximately our represents annual improve virus costs and equal. versus
cost include $XXX of labor per actions Our savings a expense about reduction million year.
flexible, also renegotiated consolidating and fixed our our we contract estate Anywhere” program. as DXC lower footprints more to are We “Work our real moved to costs from a
applications balance our $X.X also technology added advancements maturities that of Cloud we XXXX reduced have on and challenges strategic our ended we over Sabre AI. to migrated our with debt presented, the executed liquidity, Travel billion. shopping the the place Despite partnership, in XXX environment and We air and and announced a modernization. technology our framework in Finally, extended infrastructure. built in the year Google transformation legacy our Google the innovation the with cloud cash We year of major included announcement
improvement in million XXXX, XXXX. $XXX representing starting of in this labor cost total versus results seven-percentage savings a else to equal. the and with reduce starting to per renegotiated $XXX million Cloud our Google We our moving our contract technology confidently cost ahead than Inclusive in all expectations of for our plus expect point DXC XXXX, EBITDA reduction, journey in are more operating margin by transformation move year
and important recently distribution for renewals airline distribution our announced also and hotel key airline with with Group. Southwest customers our some wins IT distribution We extended commercial in Airlines We new of largest XXXX and signed agreements and and capabilities. agreements Lufthansa
And Group the effects two, today, for we pleased carrier hospitality future Hotel pandemic new with strong and the space. travel. reservations We low-cost All into also new wins signed advance the enterprise-level to in Louvre cost the recede, wins ready Inclusive that Solutions competitive am engagement a announced I will customer by be IT we structure, expanded innovations and COVID-XX of Marriott of with profitable and believe announce after International. that more We
net the X, sequential Latin led saw region bookings an fourth the air XX- improvement were improvement sequential with to down In way Every Turning a down point November air quarter, GDS America quarter. was compared third improvement. percentage bookings down and the net XX%, in XX%, Slide XX%. industry showed industry October, December quarter-over-quarter. to
the eight increased of due and percentage restrictions. slowed the improved January, travel Our of a cases, largest region, points to resurgence In improvement lockdowns, pace month North COVID-XX America, quarter-over-quarter. in
are decline exit levels. mid-February of than through and see you and North trends X, end is whereas more in are data line booking The American trends November. by seen America in America tracking reflected, specifically through show results boarded, are EMEA volume January air booking hotel is using of strong weekly January back recovery XXXX. average ahead in daily heels the region. and the X, bookings, On North can Slide metrics tracking higher gross America. CRS On levels than transactions. on effect clearly gross Slight XXXX this positive However, at with of Latin we Sabre and Latin slide passengers we have declines for better
trended year. have see the hotel can beginning You a the the CRS positive in of since transactions direction
Similar show has in showing the pronounced has region quarter Turning America effect late started Latin regional EMEA we to continues third bookings, trends, differences. improvement. been airline in X, hardest hit, hotel are Slide the but have to to steady increased. and transactions This seen
Turning give X, me we Slide let some recovery. insight you travel into how to view the
travel. our plan it believe the environment, is firmly for is believe current Although given we pent-up there to booking we demand business conservatively prudent
the improved gain We will picked skies. last saw when play confidence, during we to booking they out summer the this in up. U.S., expect as As demand the leisure year return travelers domestic trends
winter, cases corresponding the not new magnitude. a in we volumes, decline albeit same As to COVID-XX saw travel spiked in the
seen hotel board we are they With to summer bookings first the recently during were year We January, willing start to demonstrates rate ready to may last of that Also in to drop recover. drive the the up. although have back late new the flight, to again travelers believe this COVID-XX a tick some U.S., as their yet seen beginning destinations. not be bookings to in
further testing. increases confidence come traveler expect and in vaccinations We COVID-XX to from
who of at the day, is population begin week, dose received As XX% have to would at has pick about are roughly the least XXXX. domestic demand appears with population This from this executives, roughly received half X.X U.S. what of of at hearing one US of by mid-June. airline consistent projected administering half least U.S. The per some is expect last may U.S. one pace, by vaccine. current second billion dose shots up COVID-XX that of it we the and
restrictions. tighter and We expect more Europe slowly due to greater to recover fragmentation travel
recently Fortunately, than in our agreement America business our and In recovery the footprint. XX% region deals leisure, that largest is long-haul North with precede a We America-based North travel will renewed new of bookings does, GDS biggest have and it distribution when customers XXXX, will Southwest. and be with our slower international. signed were domestic we we business believe believe
help beneficiary share our when TMCs, American business resumes. Our of should business, strong North relationships be early us their XX% an and travel with
North we side, largest Solutions the American deals the airlines. many On long-term have with of IT reservations
our recover, should were leisure In half side Hospitality business American-based. may bookings of of expect be carriers lead America in Although also the Therefore, recovery. these to XXXX. believe on relatively the to business the XX% Solutions, XXXX will we our slow well benefit second travel Hospitality North we do North
travel commercial recovery. Turning also feel well-poised for a to Slide a we standpoint, XX, from
Distribution agreements extended their or new agreements around world new reached Southwest Group. have GDS with Lufthansa and the to support We with notable including airlines recovery,
of significant As a with all have India, result, distribution Air with successfully the we deals the of exception outstanding carriers. completed
to in our Group our This signed we large Lion we All-Inclusive confident book of by Solutions taken renewals have pursuits current International and hoteliers, key points total, new wins renewals Hospitality customers, with depicted of Hospitality IT new in our Reservations the this reservation agencies. the carriers by Solutions. we is the recently the deals included logos increased These capped airlines, business Hotel with and like fourth Louvre in of deals secure enterprise feel Air, over in WestJet Marriott and of steps In On largest all with new the side, space. signed are with on with business. and and data slide. activity associated third-party X,XXX some with support level This quarter Central providers and and that
in new opportunities. we spite have ability XXXX, the As believe at look a capture we to COVID-XX, pipeline of healthy we of and impact
shareholder five to enabling time, opportunities the before Turning of and value. revisit We at Sabre year emerging to COVID-XX globalized. that created fully first seize XX, strategic this by had I’d like travel trends last increased initiatives a presented we Slide impact are to outlined slide
demonstrates a Let these update me activity you our to against the take initiatives. commercial minutes progress on few that
regarding First, Retail and about solutions. I’d customers Intelligence SabreSonic We’ve personalized offers. Dynamic talk our Digital Connect also key announced like our Availability, to WestJet includes Sabre The renewal with Exchange started an recently products. Smart Engine Availability in expansion with Dynamic already and conversations
pricing using machine learning Additionally, we with check-in are engine Intelligence Etihad implemented and them. an check-in deploying at Exchange, currently ancillary auto dynamic and for ancillaries
with growing are share including recent several JetBlue Air. in go-lives and Gulf revenue optimization the we space, at Finally, carriers
future NDC. the and Second, of distribution
Southwest expanded agreement. penetrate new Airlines partnership December, attracting our a is market. GDS to full and TMC participation carriers seeking extended and distribution the with functionality In Our with new content to we GDS
reached fits we American via NDC our also NDC also Airlines. only now in X content IATA This the with an world certification included extending in GDS some agreement with agreements content progress with GDS including NDC. enables largest their This but production. the addition aggregator our not flexible Lufthansa United We a NDC. post-pandemic groundbreaking four is customers, traditional that Level of We shows and achieved Group and as made connectivity, all have have partners through agreement and to
carriers. low-cost Third,
of specifically carrier Radixx acquisition helped the us space. has Our fast-growing, target low-cost
by Radixx another continue customer to is the the new development expand as initiative impacted develop competitive segment hotel to plans can response opportunities put of our pandemic. calls, addition COVID-XX, We’ve to we particularly discussed its This including and property important capabilities, quarter, most reservations LCC recovery. Fourth, added believe as on expect sales a directly the been we the outbound we has expand this prior full-service since that to a system. have competitive in been with on wins navigate the to interline full-service through been we hold our one offering. Accor COVID-XX, we with even win with investing lead more Air is codesharing, the management Leisure Moldova. to in PMS and In This
on with engaged several we stayed XXXX, addition enterprise full-service needs growing in we pursuits. our the CRS remain focused hoteliers, management property hotelier to However, of business. In addressing
enterprise broaden to from largest majority by with As our two, new represent are group, but with reach wins and retailing Louvre. Together, CRS our More revenue not personalized incremental the mentioned, coming and hotel International. one, drive opportunities Sabre hoteliers XX we second All-Inclusive with have by their X,XXX offers they with Louvre over capabilities. properties intelligent to to Europe’s hotel delivering signed across SynXis enterprise countries, SynXis distribution Hotels, and turning Marriott
and regions management certification and This multiple In our we our capabilities. and that last includes including legacy reservations, with session servers, solutions the security, latency our production Sabre-managed implemented successfully as our year. security migrated to payment first mentioned, development inventory, of XXX eliminated outside transformation. We public Finally, new to infrastructure across United in low talked technology product States and Europe, Oklahoma. XXXX, United and one about clients incredibly X,XXX completed mainframe datacenters the applications ticketing decommissioned Cloud States. cloud, We Google offloads current environments across all we the in and over migrated Platform Tulsa, over agency
for We also environments certification Google and Platform shopping. Cloud production development, our out air built the in
three XXXX. milestones tech have key transformation We for
plan Google mid-range we at Cloud Platform. the of move our least First, to to XX% workloads
strategic including us side the our critical expect shopping believe Second, with continue the working we are products position, Platform production is initiatives our Air financial era of in believe Solutions successes and air the GCP we Cloud partnership go will work. a competitive for crisis. the production create this investments, continue strengthened Travel in XXXX. with of in our product a our we and XXXX, current In position Google of progress application, also us to on in We with important this strength In future growth third, Google together commercial we more global, in to running Google. first the We efficiently. our an planned is because Shopping to entering commercial part enabled innovative, scalability and year our which Cloud other strategic live its to important Solutions’ first of We believe summary, production make cost-efficiency. technology go our CRS Hospitality to with live multi-location teams new in footprint. recovery, post-COVID-XX well And
As will with And I’d the travel rebounds, turn Doug? we ready. the that, be to over call like environment to Doug.
