After acquiring Travelocity last month and Wotif in Australia a few months earlier, Expedia Inc. cleaned up a few missing pieces and agreed to acquire Orbitz Worldwide, including Orbitz, CheapTickets, eBookers, and HotelClub in a $1.6 billion cash deal.
Phoenix Travel Worldwide will make acquisitions and bolster its subsidary Global Joy while boosting its technological transition and trimming staff.
Chicago, February 12, 2015 - Orbitz Worldwide, Inc. (NYSE: OWW) today announced results for the fourth quarter and year ended December 31, 2014.
Expedia Inc has agreed a deal to buy Orbitz Worldwide in a transaction for $12 per share in cash.
When it comes to online travel, we see a constant evolution in technology. This is fuelled mostly by end-consumers’ rising expectations and the need to address key industry developments.
Thomas Cook has admitted it may not hit its ambitious target of 50% web penetration in 2015.
A recent analyst report from Credit Suisse suggests that Airbnb has put downward pricing pressure on hotels in New York City.
Ctrip’s biggest advantage is its branding and a one-stop service model with full responsibility for service quality throughout each sales stage.