Posted October 11, 2004 - New York City

Navigant Rises On Acquisition Speculation

Buying a corporate travel management company 'would be the most prudent decision for both Cendant and Sabre,' according to Legg Mason analyst Tom Underwood, who today raised his rating to 'buy' and his price target to $25 on shares of Navigant International. Referring to the current valuation of Navigant, whose shares today opened at $16.55 and rose to $17.45 by midmorning, Underwood told investors that 'we think the time is approaching for the global distribution systems to enter the large corp Read More »
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Posted October 11, 2004 - New York City

Old, New Approaches Open China's eLong To Corp. Travel

Beijing-based eLong last week filed with the Securities and Exchange commission for an initial public offering on the NASDAQ that could raise as much as $68 million for the online travel agency, which is part-owned by Expedia parent InterActiveCorp. Unlike archrival Ctrip.com, whose shares are above $40 after opening at $24 on the same exchange in December 2003, eLong is diving straight into China's corporate travel marketplace. Read More »
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Posted October 7, 2004 - Newark, N.J.

JetBlue Expanding Biz Booking Links

JetBlue Airways and Expedia Corporate Travel are in talks to facilitate online bookings between them. Currently, ECT agents must phone JetBlue to make reservations, generating a higher transaction fee for clients. Read More »
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Posted October 6, 2004 - New York City

Europe May Be Next For Cendant

Fourteen months after it first proposed a business combination with Orbitz, Cendant Corp. today began cash offers for the online agency's outstanding shares. The acquisition would be a huge boost to Cendant's position for online consumer travel in the United States, and now speculation is turning to what Cendant will do in Europe. One question is whether it will buy an agency that is predominantly online or offline. Read More »
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Posted October 5, 2004 - New York City

Research: One In Four Int'l Orbitz Fares Failed Before Fixes

Although Orbitz generated the lowest international fares 30 percent of the time, versus 23 percent for Expedia and 19 percent for Travelocity, its recent pricing display woes resulted in international fares increasing amid the booking process 21 percent of the time and falling 5 percent of the time, according to research released late last month by Consumer WebWatch. Read More »
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Posted October 4, 2004 - New York City

Analysts: Search Pressures OTAs

On top of the hotel companies' ongoing efforts to reassert control over their distribution, Yahoo and other search engine providers are pressuring online travel agencies to differentiate their leisure products and make headway in the corporate space, according to financial analysts. Read More »
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Posted October 1, 2004 - New York City

Frontier Enlists Sabre For GDS Bypass

Denver-based Frontier Airlines has an aggressive agenda for lowering its distribution costs, and its plan includes what some might consider an unlikely partner. Sabre Holdings will help enable Frontier to bypass global distribution systems by connecting the airline's reservations system directly to distributors, said Frontier director of information technology business solutions Lowell Miller. Read More »
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Posted September 29, 2004 - Chicago

Cendant-Orbitz Deal Would Reshape Industry

According to reports published yesterday by the Wall Street Journal and others, Cendant Corp. plans to acquire Orbitz for $1.2 billion in a deal that could be announced as early as Wednesday. Such a transaction carries a wide range of implications, not the least of which is delivering to Cendant a more solid consumer web presence than it had achieved through CheapTickets and Trip.com. Read More »
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Posted September 28, 2004 - New York City

Northwest: Sabre Owes Us Money

Sabre Holdings is refusing to make discount payments owed to Northwest Airlines following the pair's recent dispute, Northwest alleged in an amended complaint filed yesterday in the U.S. District Court in Minnesota. Northwest also accused Sabre of 'turning off journey logic controls,' a pricing mechanism used by airlines to maximize revenues by better matching fares and inventory with customer needs. Read More »
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Posted September 27, 2004 - New York City

Airlines Consider GetThere Discounts, Access

Airlines have approached Sabre Holdings about offering special access and discounts to clients of its GetThere corporate self-booking system, regardless of the agency or global distribution system used by clients to support that tool. Read More »
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