Expedia News Page 7
Arne Erichsen, director of market management, Expedia
Arne Erichsen, director of market management, Expedia talks to Breaking Travel News at ITB 2015.
Expedia increases ownership in AirAsia-Expedia joint venture
Expedia has entered into an agreement with AirAsia Berhad to purchase an additional 25% equity interest of AAE Travel, the joint venture formed between the two companies in 2011, for cash consideration of $86.3 million.
Expedia to acquire Orbitz Worldwide for US$1.6bn
Expedia has announced it has entered into a definitive agreement under which it will acquire Orbitz Worldwide, including all of Orbitz Worldwide’s brands, for $12.00 per share in cash. The deal represents an enterprise value of approximately $1.6 billion, and a premium of approximately 29 per cent over the volume weighted average share price for the five trading days up to and including February 11th, 2015.
Expedia acquires Travelocity from Sabre for $280m
Expedia has announced it has acquired Travelocity from Sabre Corporation for $280 million in cash. “Travelocity is one of the most recognised travel brands in North America, offering thousands of travel destinations to more than 20 million travellers per month,” said Dara Khosrowshahi, Expedia, Inc. president.
Expedia group announces Caribbean expansion with Dominican Republic office
The Expedia group, one of the world’s largest online travel companies, has announced the opening of offices in Punta Cana and Santo Domingo, the company’s first local offices in the Dominican Republic. “As one of the Expedia group’s top producing destinations within the Caribbean, the Dominican Republic is an in-demand market with 305 hotel partners,” said Demetrius Canton, director of lodging partner services for the Caribbean, the Expedia group.
Expedia links with Amadeus to offer passengers branded fares
Expedia has revealed it will begin offering customers the ability to search for and purchase branded fares from select airlines in 2015. Expedia has partnered with Amadeus, a world leading global distribution system, to create a standardised solution that allows participating airlines to seamlessly offer their branded fares to customers.
Expedia acquires Wotif for $700m
US online travel giant Expedia has completed the $703 million acquisition of Australia’s Wotif Group. The total consideration of A$703 million was comprised of a A$51 million special dividend distributed by the Wotif Group to its shareholders before closing and A$652 million in cash from Expedia.
Expedia and Citi roll out cobranded credit card program
Expedia and Citi are introducing a new travel cobranded credit card program designed for travelers to earn Expedia+ rewards bonus points faster and redeem for travel rewards on Expedia.com.
Expedia launches new booking app for tablets
Expedia has released the all-new Expedia app for tablets. Presenting a fresh way for travellers to shop destinations, new search tools enable consumers to shop for both hotels and flights on one screen, simply by entering or selecting a destination.
Expedia announces agreement to purchase Auto Escape Group
Expedia has recently announced it entered into a definitive agreement to acquire Auto Escape Group, one of Europe’s leading online car rental reservation companies from private equity fund Montefiore Investment and certain members of the AutoEscape Group’s management team.
Expedia’s TAAP allows US travel agents global inventory access
Expedia.com®, recently released the latest version of Expedia’s industry-first Travel Agent Affiliate Program (TAAP). TAAP gives US travel agents access to Expedia’s global inventory, letting them earn competitive commissions on hotels, dynamic packages and activities.
Sixt inks distribution deal with Expedia group
Leading international mobility service provider Sixt has signed its first global partnership with the Expedia group. The agreement provides Expedia, Hotwire and CarRentals.com customers direct access to Sixt’s car rental fleet at more than 2,000 locations across more than 100 countries.