Worldspan, the leading global reservation system and leading e-commerce provider for the travel industry, and priceline.com® (Nasdaq: PCLN), the Name Your Own PriceSM Internet service, today announced a long-term worldwide technology agreement making Worldspan the preferred global distribution system (GDS) powering the priceline.com travel pricing and reservations service.
Under the new agreement, Worldspan will also provide priceline.com with substantial product development resources, enabling priceline.com to utilise such cutting-edge Worldspan travel technology as Worldspan ePricingSM and enhancements to Worldspan Hotel SelectSM.
Worldspan has provided transaction processing and other e-commerce services for priceline.com since 1998. The agreement announced today builds upon priceline.com`s position as the leading low-cost, high-efficiency distributor of travel products and further strengthens Worldspan`s position as the preferred global provider of online travel distribution services.
“Our new agreement with priceline.com comes at a fitting time, reaffirming our shared confidence in the recovery of the travel industry in 2002 and beyond,” commented Paul J. Blackney, president and chief executive officer for Worldspan. “This agreement also reaffirms Worldspan and priceline.com as global leaders in online travel distribution. Our partnership with priceline.com has been and will continue to be a cornerstone of Worldspan`s success in e-commerce.”
“Today`s agreement ensures that priceline.com`s travel supplier/partners will continue to have a familiar, reliable processing interface that provides them with superior economics for many years to come,” said Jeffery H. Boyd, priceline.com President and Chief Operating Officer. “We have been consistently pleased with the performance of the Worldspan system and Worldspan`s uncompromising commitment to provide priceline.com, our partners and our customers with world-class service.”
“Our steady expansion in the electronic travel arena has enabled Worldspan to focus greater attention on the needs of e-commerce customers than any other global distribution system,” added Mike Parks, senior vice president and general manager ?EWorldwide Travel Distribution for Worldspan. “We are delighted priceline.com has once again selected Worldspan as its preferred technology partner.”
Fare searches and reservation requests made on priceline.com are processed directly through the Worldspan reservations system, guaranteeing priceline.com customers the same level of real-time access to travel information enjoyed by Worldspan`s nearly 21,000 travel agency subscribers.