Posted November 10, 2004 - New York City

ANALYSIS: Gangwal Expands Consolidation Talk

Consolidation among global distribution system companies is "a natural," according to Worldspan chairman, president and CEO Rakesh Gangwal. He was so lucid on the topic earlier this week that Huberman Financial's Jerry Galant said "the guy basically put a 'For Sale' sign on the company."

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Posted November 9, 2004 - New York City

In GDS Deals, Aer Lingus Allows Scraping, Corp. Exceptions

Cendant Travel Distribution Services and Sabre Travel Network this month will regain access to full worldwide content from Irish carrier Aer Lingus, except in Ireland and the United Kingdom, where there is a corporate-travel component to the agreements. The deals followed the carrier's decision to yank its content in September from global distribution systems in Ireland. Read More »
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Posted November 9, 2004 - New York City

IAC's Blachford To Depart; ECT Signs Omni

Blachford will continue serving the company as a consultant, but is looking forward to challenges that include the Ironman Triathlon next year in Hawaii and 'a direct operating opportunity as compared to the more diverse management and oversight role IAC Travel requires,' according to a statement by IAC chairman and CEO Barry Diller. Read More »
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Posted November 8, 2004 - New York City

Yahoo Alters FareChase Policy, Strategy

Yahoo will 'de-emphasize the FareChase enterprise product and will only provide limited support' to clients of its website scraping tools going forward, a Yahoo spokesperson said. The company also created a new policy prohibiting the forced searching of a website without its authorization, and Orbitz and Travelocity opted out of having their sites scraped. Read More »
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Posted November 8, 2004 - New York City

Worldspan Faces Online Agency Moves, Boosts Q3 Earnings

Worldspan today deflected concerns about losing transactions as Expedia shifts bookings to competitor Sabre Travel Network and Cendant Corp. completes its acquisition of Orbitz. Expedia drives more than 10 percent of Worldspan's revenues and its business with Orbitz represents roughly 9 percent of revenues. Read More »
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Posted November 5, 2004 - New York City

FEATURE: GDSs To Compete On Tech?

Executives with global distribution system providers recently have suggested their systems soon will compete more on product quality than on incentive money they pay to travel agency subscribers. That would be a first. Read More »
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Posted November 3, 2004 - San Francisco

Orbitz' Merchant Hotel Growth Helps Boost Profits

Orbitz Inc. reported 31 percent higher net income of $5.1 million in the third quarter, including one-time items. Net revenues rose 20 percent to $77.5 million as gross travel bookings increased 20 percent to more than $1 billion. Read More »
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Posted November 3, 2004 - San Francisco

ECT Grows As IAC Profits Explode

Although it continues to lose money, Expedia Corporate Travel enjoyed 74 percent higher year-over-year gross bookings in the third quarter and is on track for an annual run rate of about $550 million in gross bookings, officials told analysts and investors on a conference call today. Read More »
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Posted November 2, 2004 - New York City

Impact On IAC Of Hotel Site Growth Debated

'Increased competition from direct suppliers' is among the 'issues and catalysts' to watch as InterActiveCorp reports third-quarter earnings tomorrow, according to a preview of the results issued today by CIBC World Markets analyst Paul Keung. Read More »
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Posted November 2, 2004 - New York City

Cendant's Katz Talks Market Size, GDS Economics As Orbitz Deal Nears Close

Katz addressed investors and analysts this afternoon at the Morgan Stanley Software, Services, Internet and Networking Conference. Separately, Cendant today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act for its proposed acquisition of Orbitz. Read More »
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