| 2:25 pm on Sep 29, 2004 (gmt 0)|
wish I owned orbitz. sob back to work
| 2:41 pm on Sep 29, 2004 (gmt 0)|
Business 2.0 had a prescient article on travel website consolidation this month in the October issue. I highly recommend it.
| 3:05 pm on Sep 29, 2004 (gmt 0)|
From $300 mn to 1.2 billion in 1 year. Not bad. I never would have put that kind of price tag on Orbitz.
Is Cendant overpaying?
| 4:06 pm on Sep 29, 2004 (gmt 0)|
amazing what a good mgmt team, great product and 10 billion pop-ups can do for ya ;)
| 6:15 pm on Sep 29, 2004 (gmt 0)|
10 billion popups and a good investment turns a great profit....
| 11:05 pm on Sep 29, 2004 (gmt 0)|
I am a dromomaniac (I get off on constantly planning travel) and can tell you that orbitz's product is indeed a good one.
One thing that many don't know is that orbitz drives the reservation systems of a few airlines, so they probably make hefty fees off every transaction at ual.com, for example.
Whether the brand is worth 1.2 billion...? I don't know.
Someday I'll sell my cr@ppy little site for 1.2 bln!
| 12:04 am on Sep 30, 2004 (gmt 0)|
I could be wrong, but I'm pretty sure United's web system is based on software by ITN (i.e. American Express), not ITA-- to United's regret (and mine, as a 2nd tier United frequent flyer). Besides Orbitz, ITA software is also the back-end for Air Canada and Continental, and for the Galileo travel agents' system.
| 3:10 am on Sep 30, 2004 (gmt 0)|
While thatt has to make Barry Diller smile as his travel brands smoke orbitz in transactions, me thinks notsosmart is smarter than he says.;)
| 10:31 am on Oct 1, 2004 (gmt 0)|
Upon further review, choster is right.
What gets me, is that Orbitz was started by the big 6. NOW they are in effect managing the feat of seling a channel to the backend that allows consumers to purxhase their product, while at the same time continuing to charge commission for every transaction.
Brilliant. It's too bad 2 out of six are doomed.
| 9:53 pm on Oct 1, 2004 (gmt 0)|
Cendant own in the hotel & travel business alone
gives their complete list of subsidiaries. The hotel and travel ones are:-
| 12:29 pm on Oct 18, 2004 (gmt 0)|
..and this is how they are doing it