Lastminute.com owner Sabre mulls sale to focus on ‘core business’
Sabre Holdings - parent company of travel booking site Lastminute.com - is considering selling off the business as part of a strategy to focus on its core technology business.
Sabre, which provides data-driven services to airlines, hotels and travel agencies, said it is currently exploring strategic options for the booking brand including a potential sale.
The company's president and chief executive Tom Klein said: Lastminute.com is an iconic brand and an innovative marketer whose legendary ads reinforce what makes spontaneous travel so fun and exciting – and sometimes a little mischievous.”
“As part of Sabre, Lastminute.com has significantly improved its technology and operations, and is now perfectly positioned to unlock its full growth and profitability potential.”
The travel tech giant bought Lastminute.com in 2005 for £577m.
“The decision to review strategic options for Lastminute.com supports Sabre’s strategy to focus on our core business as the world’s leading technology provider to the global travel and tourism industry,” Klein added.
Recently Sabre’s travel itinerary app TripCase partnered with Uber to offer travellers the ability to request a car ride and receive special discount pricing through its app.