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Sabre considers selling lastminute.com
Sabre has confirmed that it is considering selling lastminute.com as part of a strategic review of the business.
Chief executive Matthew Crummack said the company was ‘perfectly positioned to unlock our full growth and profitability potential’.
"We believe that doing so will further strengthen our brand and make us even more relevant with customers, partners and suppliers," he said.
Crummack described lastminute.com as a ‘hugely iconic brand with strong recognition across Europe that most businesses only dream of’.
"We have a clear strategy and core proposition to be the champion of last minute travel and leisure, and I’m pleased to say no one knows ‘last minute’ like we do," he said.
"We’ve been in the spontaneity business for over 15 years and in that time created unique products like Top Secret® Hotels, exclusive holiday packages in France and a unique lifestyle offering in the UK.
"Today, with smartphones and tablets encouraging spontaneity like never before, we’re even more relevant. With more than six million Brits using mobiles to book getaway breaks on the day, we have seen mobile traffic and bookings increase significantly. It really does feel as if lastminute.com was made for mobile.
"As part of Sabre, we have significantly improved our technology and operations, and we’re now perfectly positioned to unlock our full growth and profitability potential. We believe that doing so will further strengthen our brand and make us even more relevant with customers, partners and suppliers
"I look forward to seeing the outcome of the strategic review as we continue to deliver great last minute experiences to our customers."
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Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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