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Expedia buys Travelocity for $280M in cash - Youngstown Vindicator
Expedia has acquired travel-booking site Travelocity from the Sabre Corp. for $280 million in cash. The deal adds to Expedia’s growing portfolio of websites. -based company already owns nearly a dozen travel sites including Hotels. com, Hotwire and Egencia, the world’s fifth-largest corporate travel- management company. Consumers shouldn’t notice any change because of a deal already in place. Since 2013, Expedia Inc. has been powering Travelocity’s U. S. and Canadian websites and providing Travelocity access to Expedia hotel supply and customer-service program. The move allows Sabre to focus more on its back-end system for selling airline tickets, hotel rooms and car rentals. Sabre is one of three global distribution-system companies — along with Travelport and Amadeus — that handle sales for travel agencies and online booking sites such as Expedia. “Travelocity is one of the most-recognized travel brands in North America, offering thousands of travel destinations to more than 20 million travelers per month,” Dara Khosrowshahi, CEO of Expedia, Inc. Expedia’s shares rose $1. 62, or 1. 9 percent, to $87. 33 in midday trading Friday. Competitor Orbitz Worldwide Inc. Its shares rose 5 cents to $10. 03 by midday Friday. The other big travel booking is the Priceline Group, which owns sites such as Priceline, Booking. com, Kayak and OpenTable.
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According to a survey by the Travel Industry Association, 74 percent of all frequent travellers use the Internet to research, plan, and/or purchase travel services. But how do travellers remain up-to-date with new sites as well as hone the efficiency of their searches? This source presents a vast range of online travel-sites as well as savvy search tips and techniques that are designed to help readers improve the travel-planning process and journeys to follow. Readers will learn how to make the most of the Web for leisure and business travel, from planning and reservations to countless ways the Internet can enhance the experience of destinations and cultures around the world. This comprehensive guide is supported by a webpage featuring links to recommended websites along with periodic updates by the author.
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Priceline Group (NASDAQ:PCLN), the online travel giant and the owner of Booking.com, Kayak and OpenTable ... with increases of 29% in hotel room nights, 19% in rental car days and 17% in airline ticket volumes. The effects of the revenue growth also ...
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Expedia buys Travelocity for $280M in cash The move allows Sabre to focus more on its back-end system for selling airline tickets, hotel rooms and car rentals. Sabre is one of The other big travel booking is the Priceline Group, which owns sites such as Priceline, Booking.com, Kayak and
Expedia buys booking site Travelocity for $280M in cash The move allows Sabre to focus more on its back-end system for selling airline tickets, hotel rooms and car rentals. Sabre is one of The other big travel booking is the Priceline Group, which owns sites like Priceline, Booking.com, Kayak and OpenTable.