Articles tagged “travelocity”

Expedia Is Not Worried About the Sharing Economy and HomeAway for Now

The Priceline Group can acquire a restaurant reservations platform in OpenTable and add tons of vacation rentals to its Booking.com unit, but Expedia Inc. plans on sticking with its guns and focusing on the hotel business. Will that focus win out? Expedia certainly has been making strides, but this is still the beginning of the beginning.

Expedia Acquires Travelocity for $280 Million

Expedia is expected to retain the Travelocity brand. It would be foolish not to because the whole value proposition is to tap into the allegiances of Travelocity loyalists. And that leaves Orbitz out in the cold. It is unable to achieve scale and Expedia and the Priceline Group are apparently not interested in scooping Orbitz up.

Bravofly to Acquire Lastminute.com for $120 Million

Sabre acquired the once-proud brand, Lastminute.com, for nearly $1.2 billion in 2005 -- and now is selling it for about one-tenth of the initial acquisition cost. Sabre bungled the Lastminute.com acquisition and integration and now it is finally unloading the company after years of trying so Sabre can get rid of a profit drain and focus on its core businesses.