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Orbitz was the airline industry's response to the rise of online travel agencies such as Expedia and Travelocity, as well as a solution [buzzword] to lower airline distribution costs. Continental Airlines , Delta Air Lines , Northwest Airlines , and United Airlines , subsequently joined by American Airlines , invested a combined $145 million to ...
In June 2018, airport transfer bookings were launched on Trip.com's Hong Kong and English sites, initially covering more than 200 cities in 55 countries. [10] In July 2019, Trip.com expanded the reach of its car rental service in four major language markets. [11]
In 2003, Rich Barton resigned as CEO and was replaced by Erik Blachford. [9]In December 2004, Dara Khosrowshahi was announced as CEO. [10]In March 2017, Chelsea Clinton was named to the board of directors of Expedia, with compensation of $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.
Kayak was founded in January 2004 by Steve Hafner and Paul M. English. [6] [7] Before Kayak, Steve Hafner, Kayak's current CEO, helped found Orbitz in November 1999 and led its business development, advertising sales, marketing, and product marketing activities.
Orbitz, for instance, does allow you to cancel a flight within 24 hours, but retains any service fees associated with the booking. It also states that flights booked with some low-cost carriers ...
In 2004, the company acquired Orbitz for $1.25 billion and Flairview Travel for $88 million. [2] [3] In 2005, the company acquired eBookers for $350 million and Gullivers Travel Associates for $1.1 billion. [2] [4] [5] [6] In August 2006, Cendant sold Orbitz and Galileo to The Blackstone Group for $4.3 billion, forming Travelport. [1]
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