Word: expedia
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...Richard Barton is already a bit of a relic. The chief of online travel agency Expedia still pads around his Seattle-area headquarters in his socks and manages to hit the slopes almost every weekend, partying away like it's 1999. But that's O.K., because unlike so many now extinct dotcoms, Expedia is solidly profitable, netting $20 million last quarter as it doubled gross bookings from a year ago, to $1.47 billion--overshadowing the $915 million collected by chief rival, Travelocity. And as Expedia begins this month to offer its smorgasbord of services to the $180 billion U.S. business...
Barton was working for Microsoft in 1994 when he started what has become the Web's biggest travel agency. The site is battling, in the marketplace and among regulators, against Orbitz, which is owned by a group of major airlines. And so far Expedia has outhustled the newcomer, mainly by vastly improving its profit margins on hotel bookings. It also inked a deal with Ticketmaster and bought a custom-vacation wholesaler as well as an off-line business-travel agency. Already the top site in Britain and France, Expedia says it will invade Asia next year. --By Julie Rawe. With...
...good news for travelers is that the market is still attracting providers and investors. In April Cendant Corp. folded Cheaptickets.com into Trip.com and relaunched the new site with a $40 million ad campaign. Trip.com joins established sites like Travelocity (which has a distribution deal with AOL) and Expedia (built by Microsoft and recently sold to USA Network...
...last of the big three travel websites seems to stick to a relatively simple format. Expedia is well worth a price comparison and it can be especially entertaining for those who have a penchant for animation. Flying airplanes and twinkling lines dance across the screen as this virtual travel agent processes requests...
Amid all the dotcom disasters, online booking services are proving to be excellent clearinghouses for tour operators and resorts. Expedia, Priceline and Travelocity all became profitable this year. Although their businesses have been hurt since the attacks, analysts point out that their low cost structure gives them long-term advantages. Expedia, currently 70% owned by Microsoft, just inked a partnership with online retail powerhouse Amazon...