The SABRE Group Renews Contract Between Travelocity.com and Yahoo!

FORT WORTH, Texas, Jan. 26 /PRNewswire/ via NewsEdge Corporation -- The SABRE Group TSG today announced that it has renewed the contract between Travelocity.com, the online travel expert, and Yahoo! YHOO, making Travelocity the exclusive provider of air, car and hotel booking capabilities on Yahoo! Travel (travel.yahoo.com).

"The renewal of this agreement continues the powerful combination of two of the best-known players on the Web," said Terry Jones, chief information officer of The SABRE Group. "This partnership will enable us to take full advantage of the rapidly expanding online travel market and to continue selling more travel than any other travel site."

According to the most recent data released by Media Metrix, the Yahoo! network of properties is ranked No. 1 in reach among work users and is second only to AOL Web sites in home reach. By 2001, Forrester Research predicts that online travel revenue will increase to approximately $21 billion, an increase of almost seven times the revenue generated in 1998. In addition, online travel will become the largest business-to-consumer product on the Internet by 2003, accounting for 12 percent of the overall travel market.

"We're extremely pleased to renew our existing contract with Travelocity, " said Ellen Siminoff, vice president of business development and strategic planning for Yahoo! Inc. "This relationship allows us to continue to provide our users with direct access to the same computer reservations system used by more than 40,000 travel agents worldwide, along with car and hotel booking capabilities."

Travelocity.com is owned and operated by The SABRE Group, a world leader in the electronic distribution of travel and travel-related services around the globe. Travelocity.com provides reservations capabilities for more travel providers than any other Internet site with 95 percent of all airline seats sold, more than 40,000 hotels, and more than 50 car rental companies. This reservations capability is paired with access to a vast database of destination and interest information. To date, The SABRE Group has sold more than 2.5 million airline tickets online, and since its launch in March of 1996, Travelocity.com has registered more than 5 million members and logs more than 55 million page views per month.

The SABRE Group is a leading provider of information technology solutions for the travel and transportation industries, including customized software development and software products, transaction processing, consulting and total information technology outsourcing.

Current SABRE Group news releases may be accessed via the Internet. Visit the Company's Web site at www.sabre.com.

SABRE is a registered service mark, and the SABRE Group logo is a service mark of an affiliate of The SABRE Group Inc.