In his ongoing bid to colonize the Internet travel market, Barry Diller's Hotels.com has terminated a contract with Travelocity
Published:
3 September 2003 y., Wednesday
In his ongoing bid to colonize the Internet travel market, Barry Diller's Hotels.com has terminated a contract with Travelocity, paving the way for Expedia to fully take on its Internet travel competitor.
As Diller has expanded his aegis in the online travel marketplace, a combination of factors led to his company's decision to end its agreement with Travelocity.
"On Friday, August 29, 2003, Travelocity terminated the exclusivity to which Hotels.com was entitled under the hotel supply agreement between Hotels.com and Travelocity. In response to that improper action and other prior breaches of the agreement by Travelocity over the past year, Hotels.com announced today that the company has terminated the agreement in full and ceased offering its industry-leading lodging inventory on the Travelocity web site," Hotels.com said in a press release.
The move opens the way for what the company "full cooperation and cross selling initiatives" between Hotels.com and its sister company Expedia, both of which are owned by Diller's InterActiveCorp parent company.
Prior to Tuesday's termination of its agreement with Travelocity, Hotels.com and the company's contract had precluded the types of marketing and sales synergies that it clearly will pursue with Expedia going forward.
Šaltinis:
internetnews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Founders of a new antispam service say they have developed a system to convince spammers to remove specific e-mail addresses from their mailing lists
more »
A vote on the European Union's proposed directive on the enforcement of intellectual property rights, which has been compared to a controversial U.S. law, has been pushed back to November
more »
Microsoft on Tuesday launched a new version of Works Suite, its budget software package for consumers
more »
Rather than using a multitude of rules to determine what may or may not be spam, challenge-response software takes the approach of a club bouncer to keep undesirables out of users' inboxes
more »
Japan, China, South Korea Agree to Develop Non-Windows Software, Official Says
more »
In his ongoing bid to colonize the Internet travel market, Barry Diller's Hotels.com has terminated a contract with Travelocity
more »
Finns Rush to Register Internet Domains
more »
search.lt presents newest links
more »
A Department of Defense (DOD) investigative team is researching the recent hack of a Navy system that gained access to 13,000 purchase cards issued by Citibank
more »
Microsoft deserves some blame for the rapidly spreading Web virus
more »