Posted August 5, 2004 - New York City

Yahoo: FareChase Agreements Will Be Honored

A Yahoo spokesperson today said the company intends to honor commercial agreements held by FareChase, which it acquired on July 2. It is unclear why Yahoo did not announce the deal, first reported by The Beat earlier this week. Because it was a small acquisition for the publicly traded company, Yahoo will not reveal terms. Read More »
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Posted August 4, 2004 - Orlando, Fla.

Orbitz Offers 'For Business' Guidance, Earns $10 Million In Q2

Orbitz For Business may turn a profit by 2006, according to officials speaking on a conference call today with analysts about its parent company's second-quarter performance. Orbitz Inc. shares rose more than 4 percent this morning as the company reported net income of $10.4 million for quarter ending in June. Read More »
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Posted August 3, 2004 - Orlando, Fla.

Large U.S. Corporate Agency 'Gets' Global

Top-ten U.S. corporate travel management company Total Travel Management of Troy, Mich. this week announced the creation of a global joint venture with some of the former foreign partners of Rosenbluth International, a group that had been considering a partnership with Navigant International until it signed a deal with TQ3 Travel Solutions earlier this year. Read More »
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Posted August 3, 2004 - Orlando, Fla.

Expedia Corporate Travel Will Soon Turn Profit, Officials Say

Expedia Corporate Travel is experiencing 'significant' revenue increases and a 'swing to break-even' entering the second-half of this year that is expected to accelerate in 2005, according to officials speaking with analysts this evening about second-quarter earnings for the firm's parent company. 'Right now, it is not making money, and that's because we are developing the business,' said Barry Diller, chairman and CEO of Expedia parent InterActiveCorp. 'Expedia Corporate Travel is executing ter Read More »
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Posted August 3, 2004 - Orlando, Fla.

Corporate Self-bookings 'More Than Double' In Q2 For Amadeus

Amadeus today said worldwide bookings through its e-Travel Aergo V6 global corporate booking solution more than doubled in the second quarter, contributing to an overall year-over-year 10 percent increase in Amadeus bookings to 114.7 million. Read More »
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Posted August 2, 2004 - Orlando, Fla.

Yahoo Buys FareChase

Web portal company Yahoo Inc. has acquired Internet fare search provider FareChase Inc., according to sources speaking with The Beat at the National Business Travel Association convention here today. A Yahoo spokesperson late Monday was not immediately able to comment.

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Posted August 2, 2004 - New York City

Amex Switches Rosenbluth Accounting, Announces Card-Agency Reports

American Express today said it has completed the integration of Rosenbluth International into its own business travel operations, and created a new brand called American Express Business Travel. Speaking at the National Business Travel Association conference here, Amex executives also described a new offering that merges corporate card and agency data for customers of both. Amex said that when the service is rolled out in December, corporate card clients that do not use the Amex agency will be a Read More »
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