Posted August 13, 2004 - New York City

TUI Shareholder Gets Bids In Possible Precursor To Navigant Deal

The Financial Times today reported that U.S. private equity firms have shown interest in buying 31 percent of TUI, the Hannover, Germany-based tourism giant that owns mega corporate travel agency TQ3 Travel Solutions. The stake is owned by Germany's Westdeutsche Landesbank (WestLB). 'We are not pressed for time and we will not sell at less than fair value,' a WestLB spokesperson told Reuters. Read More »
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Posted August 12, 2004 - New York City

Corp. Travel Distributors Grow In China

Britain's Hogg Robinson yesterday said the Ministry of Commerce in China approved its joint venture with Jin Jiang International, creating the first foreign majority-owned travel management company in the People's Republic. Hogg Robinson is joint partner with BCD Holdings of the Netherlands in the Business Travel International global travel management company, of which WorldTravel BTI in Atlanta is a major part. Read More »
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Posted August 11, 2004 - New York City

Worldspan Signs AA, Won't Lead In Cutting Agency Incentives

As it announced an agreement with American Airlines that will reduce revenues generated from that carrier in return for access to AA's publicly available fares, Atlanta-based Worldspan today said it will not be a leader in reducing the payments it and its competitors make to travel agency users of their global distribution systems. Read More »
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Posted August 10, 2004 - New York City

Worldspan: Q2 Earnings Soar, More Air Content Deals Loom

Worldspan earned $21.5 million in the June quarter, an $18.4 million increase from the same period in 2003, on 6.7 percent higher revenues of $248.8 million, according to its second-quarter earnings report filed today with the Securities and Exchange Commission. Read More »
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Posted August 10, 2004 - New York City

Orbitz' Katz: Supply-Demand 'Unbalancing' Again

Following a strong first half, demand for travel relative to supply appears to be weakening, said Orbitz chairman and CEO Jeff Katz during a presentation today to the Pacific Crest Securities Technology Forum in Vail, Colo. Read More »
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Posted August 9, 2004 - New York City

Sabre Cites Customer Conflict

Industry observers have long speculated about how the launch by Sabre Holdings of corporate agency services through Travelocity Business and an earlier program would sit with travel management company subscribers to its global distribution system, provided by the Sabre Travel Network division. In a regulatory document filed with the Securities and Exchange Commission on Friday, Sabre suggested intra-company competition may have an adverse effect on its business 'in certain limited circumstances Read More »
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Posted August 6, 2004 - New York City

Sabre Takes On New Agency Economic Model

Sabre Holdings Corp. revealed in its second-quarter report filed today with the Securities and Exchange Commission that it has changed the business model in some agreements signed by Sabre Travel Network. STN is the division of the company that markets its core travel agency reservation system, commonly called a global distribution system or GDS. Read More »
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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.

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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