Sabre Corporation has confirmed it is looking at potentially selling off lastminute.com as part of a strategic review.
Rumours started to circulate around the sale of the OTA from an article in the Sunday Times at the weekend and Sabre has now confirmed it is looking at ‘strategic options’ that include the potential to sell the OTA.
It also confirmed Houlihan Lokey has been appointed advisors for the strategic review.
“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,” said Sabre president and CEO Tom Klein.
“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.”
Under Sabre lastminute.com has developed its mobile offering, launched the Top Secret Hotels product and holiday packages to France.
“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.