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 »
NOKIA: TheFeature.com launches new, innovative mobile information services at CeBIT 2003
more »
When impostors are arrested, victims get criminal records
more »
search.lt presents newest links
more »
Interbank payments network Swift is likely to be the primary beneficiary of FIX uptake by European securities firms, according to a survey conducted by London consultancy City IQ.
more »
Visa is to require merchants to display only the last four digits of a credit card number on receipts in a bid to combat a rising tide of financial identity crime
more »
A Norwegian court has approved prosecutors' appeal of a teenager's acquittal on charges that he created and circulated online a program that cracks the security codes on DVDs
more »
Fraudsters pose as employers to steal job-seekers' personal details
more »
IDC has estimated that just 5 percent of U.S. businesses in 2002 had completed a Web services project. But by 2008, the research firm said, 80 percent of firms will have such a project under way.
more »
The credit card industry focuses too much on reducing its own fraud costs and not enough on protecting consumers
more »
PC chipmakers Intel and Advanced Micro Devices this week enacted their first sweeping desktop processor price cuts of the year
more »