Word: expedia
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...venture is part of an effort by the airline industry to cut out the middlemen. The Travel Industry Association estimates that 85 million travelers booked flights online in 1999, using sites such as Travelocity, Expedia and Priceline to find the best deals. The airlines covet those "eyeballs" for their own Web pages as well as the money they'll save by not having to pay fees to the independent online firms...
...Internet and its ability to reflect modern lifestyles. Until recently, most people splurged on one major vacation. Now many Americans and Europeans are taking several short and often impromptu breaks throughout the year. Travelocity, the world's largest online travel-booking site, advertises last-minute deals, while Microsoft's Expedia travel website offers comprehensive guides for spur-of-the-moment business travelers. One agency response is to concentrate on highly focused service-oriented travel. Another is to emphasize specialized tourism, such as golf tours and culinary holidays...
...holiday getaway, Microsoft's Expedia www.expedia.com should be your first port of call. If you're globe trotting, try Travelocity www.travelocity.com) It can track your every stop and uses a powerful database. For a shot at the lowest fare you can get away with, try Priceline's ticket-auction site www.priceline.com) But don't hold your breath for a $10 standby to London. Most likely, that's just a cyberdream...
Microsoft's initial revenues come from software licensing; the code for the hit travel site Expedia, for instance, will soon fuel sites for American Express and Northwest Airlines, among others. And the financial sector is next. Last week Microsoft unveiled its Investor Platform Kit, which lets banks and brokers put mix-and-match versions of Investor on their own sites...