Word: expedia
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...Expedia Inc. has broken the elusive online profit barrier. In its first-ever trip to the black, the mostly Microsoft-owned online travel-booking service announced Monday that it expects to report an operating profit of $4 million for the quarter ended in March, with quarterly revenues up 88 percent and gross bookings up 68 percent from this time last year...
...Amid the dot-com wreckage, travel bookings are turning out to be one thing the Web is very, very good at. With all the efficiencies of instant price comparison and the one-stop plane, hotel and rental-car shopping that Expedia and its main competitor, Travelocity, offer, tech tracker Forrester Research estimates that U.S. sales will reach $16.7 billion this year and $29 billion...
...Expedia and Travelocity fought Orbitz with all the might of their own corporate parents - Microsoft and bookings giant Sabre, respectively - and not just because it's a bit troubling, competition-wise, for a cabal of the Big Five airlines to be cooperatively selling their own version of "competitive fares." It's because Expedia and Travelocity are members of capitalism's longest-standing endangered species: the middleman. They currently charge the airlines a $15 fee for every round-trip ticket, a cost the airlines say - and you can probably believe them - is ultimately passed on to the consumer...
Thus emerged Sidestep, Barth's two-month-old company, which joins second-generation dotcom travel sites like QIXO and Farechase in a challenge to such powerhouses as Travelocity, Expedia and Priceline. Sidestep's edge is that, in addition to finding low fares for consumers, it offers airlines the prospect of removing an expensive link or two from the travel reservation chain--namely, the so-called global distribution systems, like Sabre, that complete about 75% of all travel bookings...
...inspired magazines feel like the afterthoughts they are. Space Illustrated, for example, a spin-off of the website started in July 1999 by former Moneyline anchor Lou Dobbs, is a spotty collage of Hubble-telescope photos and itty-bitty stories about meteor showers and upcoming shuttle launches. The glossy Expedia Travels is more substantial but thoroughly conventional, despite gestures toward matters digital. In a story on Hawaii, the writer plans his trip online, but otherwise the journey is a standard odyssey of surf and sand. Travelocity, whose format is broken up into zippy information-age chunks and boxes, doesn...