Lodging.com Adds Flights and Car-Rental

14th Jan 2003

Lodging.com, a leading and growing online hotel reservation travel site, and Trip Network, Inc., have partnered to launch a more robust Lodging.com Web site, providing consumers with the ability to book airline tickets and rental cars, in addition to discounted hotel rooms, all at one easy location.

These added features will complement Lodging.com`s already expansive and deeply discounted hotel inventory, with savings of up to 70 percent off rack rates at approximately 4,000 hotels, covering more than 500 markets, primarily concentrated in North America and the Caribbean. Visitors to Lodging.com will see prominent links, enabling them to search and ultimately purchase air travel or car rentals directly from the site`s home page, broadening the services provided to consumers.

“Adding air and rental car booking to our site greatly enhances the experience, convenience, and ultimately the value we`re able to deliver to our growing customer base, already comfortable with purchasing elements of their travel online,” said Carl Marbach, president of Lodging.com.

Lodging.com has grown significantly over the past year. In 2002, the company tallied $190 million in gross bookings, a 340% increase from booking levels in 2001.

“This new collaboration between Lodging.com and Trip Network is particularly exciting as it illustrates the Cendant value circle, with the inherent ability we have as a company to fully leverage our affiliated travel assets,” said Chris Annese, chief operating officer of Retail Travel Services for Cendant Corporation`s Travel Distribution Services (NYSE: CD). Lodging.com was acquired by Cendant Corporation in August 2002. In November, Lodging.com`s hotel inventory was added to Trip.com and CheapTickets.com, the Web sites operated by Cendant independent affiliate Trip Network, providing their consumers access to more choices on hotels, at better prices than ever before. In December, Lodging.com inventory was also added to Galileo International`s e-Agent portal, providing U.S.-based travel agencies the opportunity to book discounted hotel rates with a 10 percent commission.


“This relationship with Lodging.com furthers our strategy of forming strong, reciprocal co-brand alliances with solid partners,” said Jacob Stepan, chief operating officer of Trip Network, Inc. “The recent addition of Lodging.com`s hotel inventory to Cheap Tickets and Trip.com has significantly expanded our discounted hotel offering, and we expect Lodging.com will benefit from adding more services for its customers, as well.”

Trip Network, Inc., an independent affiliate of Cendant Corporation (NYSE: CD), operates the online businesses of Trip.com and Cheap Tickets. As a developing marketplace of leading travel brands, Trip Network`s personalized services and unique partnerships provide travelers a full portfolio of value options including air, car, hotel and resort accommodations, cruises, last minute trips and vacation packages, complemented by destination information and other travel resources. Trip Network`s Web sites are supported offline by reliable, 24/7 customer sales and service representatives.

Founded in 1995 and acquired by Cendant Corporation in August 2002, Boca Raton, Florida-based Lodging.com (http://www.lodging.com ) is one of the leading online travel sites with a focus on hotel reservations. Lodging.com is a one-stop site for travelers, providing extensive information to help them select the most suitable accommodations at the best possible rates. Guests can check hotels and rates online, and book them immediately, either through the site or a call center. The Company provides all original content on the site, including travel tips, destination write-ups, and city guides. Today, Lodging.com offers proprietary discounted rates throughout the U.S., Canada, the Caribbean, and many major international destinations, and reservation capabilities at properties worldwide through traditional supplier channels.

Lodging.com books approximately 115,000 reservations per month.


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