Hotel reservations network’s affiliate base reaches 2,500milestone
Significantly Broadens Affiliate Base Across All Internet Segments
HRN Affiliate Program Among Most Successful on the Web-
Hotel Reservations Network, Inc. (HRN) (Nasdaq: ROOM) www.hoteldiscount.com, the Internet’s leading provider of discount hotel rooms worldwide, announced today that it has entered into contracts with more than 500 new Internet affiliates since March 22, 2000. The company’s affiliate website base now stands at over 2,500, a 56 percent increase over the 1,600 affiliates reported in HRN’s S-1 filing on November9, 1999. The majority of HRN’s affiliate relationships are multi-year,exclusive contracts, allowing HRN to be the sole hotel booking engine on its affiliate’s website.
The HRN affiliate program is among the most successful on the Web, generating thousands of dollars in additional income for its partners and significant revenue for HRN. The 2,500 affiliates consist of a diversified group of sites covering such industries as travel, local interest, convention and visitor bureaus, general entertainment, news and information, community and e-commerce. A diversified sampling of affiliate partners includes Travelocity, Ticketmaster Online-City Search, New York Convention and Visitor’s Bureau, RealMetros.com, Orlando.com, Vegas.com and Dollar Rent A Car.
“The strong growth of our affiliate base across multiple industry segments reflects the considerable value we bring to our distribution partners and the successful execution of our open model business strategy,” stated Bob Diener, President of Hotel Reservations Network. “Our affiliate program is an integral part of our overall growth strategy as it continues to provide HRN with additional revenue streams at minimal cost. Our all-to-all business model enables our partners to benefit from the revenue generating ability of our growing base of discounted hotel rooms, while increasing the value of their websites. We continue to focus on expanding our industry leading affiliate program across all industry segments and are committed to providing our affiliates and their customers with the best selection of discounted hotel rooms on the Internet.”
Hotel Reservations Network, Inc. (Nasdaq: ROOM) is the Internet’s leading provider of discount hotel accommodations worldwide and supplier of room availability during sold out periods. HRN supplies travelers with an easy-to-use, one-stop source for the guaranteed lowest hotel rates through its websites, www.hoteldiscount.com and www.180096hotel.com, over 2,500 affiliate Websites and HRN’s 24x7 toll-free call center (1-800-96-HOTEL). HRN provides accommodations at over 1,700 hotels in 51 major markets in North America and Western Europe. For more information about HRN, visit either of the Company’s Websites. Located in Dallas, Texas, HRN is a majority-owned subsidiary of USA Networks, Inc. (Nasdaq: USAI).