Revision as of 21:50, 17 March 2005 editJweiss11 (talk | contribs)Autopatrolled, Extended confirmed users, File movers, New page reviewers, Pending changes reviewers604,783 editsNo edit summary← Previous edit |
Revision as of 08:03, 30 March 2005 edit undo24.85.244.139 (talk)No edit summaryNext edit → |
Line 1: |
Line 1: |
|
|
Travelocity owned by Sabre Holdings like everything else |
|
'''Travelocity''' is an online ] operated by Travelocity.com LP. Travelocity was created in ] as a ] of ], and run by long-time Sabre ] executive Terrell B. "Terry" Jones. |
|
|
|
|
|
According to Sabre, Travelocity is the sixth-largest travel agency in the ]. In addition to its primary US consumer site, Travelocity operates a business portal and comparable websites in ], ], ], the ] countries, and the ], and is a partner in Asian travel hubs ] and ]. Other brands include Site59.com, a last-minute travel technology and content provider, and World Choice Travel, a travel ] program. |
|
|
|
|
|
As one of the pioneers of web-based ], Travelocity.com was the first ] that allowed consumers themselves (acting without the help of a ] or broker) not only to access Sabre's fare and schedule information, but also to reserve, book, and purchase tickets. In addition to airfares, the site also permits consumers to book hotel rooms, rental cars, cruises, and packaged vacations. |
|
|
|
|
|
In ], Sabre negotiated a merger of Travelocity with another early web travel company, Preview Travel. The resulting company was independently quoted on the ] exchange, with Sabre continuing to own around 70% of the combined company's stock. In ], with Travelocity's fortunes suffering from competition including ] and ], Sabre bought all of the outstanding shares in Travelocity and remerged the business into Sabre as a subsidiary. Jones left the company shortly afterward. |
|
|
|
|
|
In March 2002, Travelocity acquired ], a New York based travel website specializing in last-minute travel packages, for $43 million in cash. Site59.com, which launched in May 2000 was developed and backed by iFormation Group, a partnership between the ], ], and General Atlantic Partners. Site59’s CEO and founder, ] joined Travelocity in April 2002 as senior vice president, product strategy and distribution. Peluso became Travelocity’s COO in April 2003 and was then named president and chief executive officer of Travelocity in December 2003 when former CEO Sam Gilliland ascended to become the CEO of Sabre after William J. Hannigan departed from that post to become President of AT&T. |
|
|
|
|
|
Under Peluso’s tenure, Travelocity developed and launched a merchant hotel business, dynamic packaging functionality, and an ASP distribution network. By the end of 2004, many members of Peluso’s former management team at Site59 had taken on senior management positions at Travelocity, namely Jeffrey Glueck (Chief Marketing Officer), Damon Tassone (President, Travelocity Europe), Tracey Weber (Senior Vice President Air, Car and Last Minute Deals), Richard Harris (Vice President, Strategy and Business Development), and Josh Feuerstein (Vice President, Hotels). |
|
|
|
|
|
Travelocity's web-marketing efforts have been the subject of criticism, with some users annoyed by Travelocity's use of ]s in their ]. |
|
|
|
|
|
==External links== |
|
|
* |
|
|
* |
|
|
* |
|
|
|
|
|
] |
|