With global travel bookings trending upward
With global travel bookings trending upward
The fourth quarter guidance reflects the short-term realities of the travel market, along with the impact from the seasonally slower bookings quarter, and the company's customer relief efforts undertaken in recent months. With booking volumes expected to remain down in 2002, Sabre, which has approximately 6,000 employees in 45 countries, recently completed significant expense reductions and cost avoidance of approximately US $100 million. This included expense reductions in several areas, including headcount, contract labor, and advertising and promotion.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
