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Expedia Adds Orbitz to its Roster of Acquisitions

After its purchase of Travelocity last month, online travel booking giant Expedia has just added rival Orbitz Worldwide to its interests, buying the firm for approximately 1.4 billion dollars, it said on Thursday.
Posted On 13 Feb 2015
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Internet Travel Sites vs Travel Agents

The Internet offers a plethora of travel sites, notably Travelocity, Expedia, Orbitz and Priceline. Travelers can plan and book a trip in a matter of minutes, and travel planning over the web has consequently had an impact on travel agencies.
Posted On 01 Nov 2007
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Worldspan and Sabre Global Distribution Systems Sold

Sabre Holdings was sold last month to two private equity firms in the U.S. for $4.45 billion. Although Sabre is considered the leading global distribution systems (GDS), analysts say the buyout centered more on the importance of the company's subsidiary units, Travelocity and...
Posted On 01 Feb 2007
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Corporate Online Travel Bookings to Double in Next Three Years

The battlefield lines are being drawn in the evolving online corporate travel arena. Players positioned at the brink of head-to-head combat, as well as those scuffling behind the front lines, are engaged in an intriguing mix of cooperation and competition. Many are devising...
Posted On 01 Feb 2004
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Internet Success Depends On Brand Awareness

Three years ago, some $26 billion of leisure, unmanaged business and corporate travel were purchased online worldwide. Latest forecasts by Internet specialists, such as U.S.-based PhoCusWright, see global online travel sales reaching more than $80 billion this year.
Posted On 01 Sep 2003
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Worldspan Signs Agreement with Hotwire.com

Worldspan has announced a technology agreement with Hotwire.com, a leading discount travel site, to power Hotwire's airline bookings. As part of the new partnership, Worldspan will supply Hotwire with an enhanced technology agreement, which includes a range of essential...
Posted On 01 May 2003
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Development Minister Akis Tsohatzopoulos (left), during a press conference at ITB, said:
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Berlin Fair Disappointment for Greece

Berlin's international tourism exhibition last month was an eye opener for some but a chance to carry out substantial business for others. Stands at Greece's pavilion were perhaps the least visited while stands at neighboring pavilions (France, Portugal, Spain) welcomed a steady...
Posted On 01 Apr 2003
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Online Travel Sites Continue To Increase Popularity

Online travel website Expedia reported better than expected earnings for the first half of this year. In a press release announcing the earnings, Expedia CEO Richard Barton boasted that his company had not only earned more but had continued to gain market share. Gross bookings...
Posted On 01 Oct 2001
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European Airlines Create Online Travel Portal

Nine of Europe's leading airlines recently unveiled plans to move into the online travel market with the launch this year of a new online travel service, that sells flights and other travel products direct to the consumer.
Posted On 01 Sep 2001
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