Expedia Buys Travelocity for $280 Million in Cash

Expedia Buys Travelocity

Expedia added to its portfolio of websites on Friday with the purchase of Travelocity for $280 million in cash. 

The Bellevue, Washington-company already owns nearly a dozen travel sites including Hotels.com, Hotwire and Egencia, the world’s fifth-largest corporate travel management company.

For users, the purchase will create very little notable change reports mashable.com. Expedia Inc. has been powering Travelocity’s U.S. and Canadian websites since 2013. 

The move allows Sabre, the former owner of Travelocity, to focus more on its back-end system for selling airline tickets, hotel rooms and car rentals. Sabre is one of three global distribution system companies that handle sales for travel agencies and online booking sites such as Expedia.

"Travelocity is one of the most recognized travel brands in North America, offering thousands of travel destinations to more than 20 million travelers per month," says Dara Khosrowshahi, CEO of Expedia, Inc

 

Smart Meetings Related Posts

2022 Smart Women in Meetings: Innovator

Kelli A. Bland, CMP, DES Director, Meetings and Special Programs, American Society of Landscape Architects Teach, Collaborate, Inspire Fierce Fuel: In my career, I have always strived to be knowledgeable about my industry or anything that inspires me. I am motivated by learning and want to be a resource to colleagues and industry partners. In […]