Word: expedia
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...real estate giant, were sick of handing over part of their profits to online travel bookers. So they tried last spring to persuade the operators of the largest hotel in Cendant's Ramada franchise, the 1,015-room New Yorker in Manhattan, to avoid business from online agents like Expedia, Hotels.com Travelocity and Orbitz, which take a cut for every room they fill. "We had to tell them no," recalls Tom McCaffrey, director of marketing at the New Yorker. "These sites fill 200 rooms a night for us, more than Ramada's website and toll-free phone line together...
...veteran wheeler-dealer, moved to protect his turf by agreeing to buy Orbitz for $1.25 billion. The acquisition catapults Silverman to the top tier of online travel. His biggest rival there is another celebrity CEO, Barry Diller--the onetime Hollywood mogul who created the Fox network--whose IAC/InterActiveCorp owns Expedia, Hotels.com and Hotwire. That these inventive personalities are now jockeying over the online travel business is no coincidence. A true coming of age is under way for Web-based services as bookings migrate online and competitors scurry to capture a piece...
...offerings. Silverman, through a spokesman, and Diller protest any suggestion that the two are butting heads. They are friends who lunch together, and there's room for both, they say. Making the point, Diller notes that last month their companies inked a deal in which IAC's Hotels.com and Expedia will prominently display on their websites Cendant hotels, which include Days Inn, Travelodge and Howard Johnson. "While we compete with Cendant, we also partner with them," Diller says. "It's entirely normal. Sorry, no drama...
...would slash its workforce by 15%, and InterActiveCorp, the U.S. owner of Expedia, announced a 25% drop in second-quarter net profits. Where are travelers booking? Directly with airlines - plus hotel chains like Hilton are increasingly promoting their own sites, says Simon Champion, leisure analyst at Deutsche Bank, leaving online agents with fewer rooms to hawk. Europe's holiday firms must be wondering when they'll get their break. Hallyday In The Sun It's his biggest hit ever: Johnny Hallyday, France's most popular rock star, last week secured ownership of his personal catalog of some 3,500 songs...
...world's second largest business-travel company. But the French-born Joly, who loves to travel with his wife and two teenagers, insists that technology is what the $11.5 billion, Paris-based firm, with 12,500 employees in 140 countries, needs most to compete with online travel services like Expedia. His expertise should also help him handle the deregulation of reservation systems like Sabre...