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Hotels.com was established in 1991 by David Litman and Robert Diener as the Hotel Reservations Network (HRN), providing hotel booking via a toll-free phone number in the United States. [2] In 2001, the company was acquired by USA Networks Inc (USAI) which also acquired a controlling interest in Expedia, an online travel booking company.
Online hotel reservations are a popular method for booking hotel rooms. Travellers can book rooms on a computer by using online security to protect their privacy and financial information and by using several online travel agents to compare prices and facilities at different hotels.
Room Key was the successor of the website Travelweb (acquired by Booking Holdings). [13]In 2011, Room Key acquired hotelicopter, a Charlottesville, VA-based firm, and its technology platform, which provided the technology foundation for Roomkey.com. [14]
Image credits: Four_beastlings As of today, the original thread has more than 1.3K upvotes and around 706 comments with various stories and their lively discussion. The stories are discouraging ...
In July 2005, the company was acquired by Priceline Group (now called Booking Holdings) for $133 million, and was merged with ActiveHotels.com, a European online hotel reservation company, purchased by Priceline Group for $161 million in September 2004. [7] In 2006, Active Hotels Limited changed its name to Booking.com Limited. [8]
The system was pursued to develop in order to create synergies between AMR, Marriott, Hilton Hotels Corporation and Budget Rent-A-Car and fully integrate and unify the reservation systems of the companies involved. In 1988 the four large corporations made contracts to complete the system by June 1992 project at a cost of $55 million.
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