By — Anna Sillers Anna Sillers Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/expedia-purchases-travelocity-280-million Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Expedia purchases Travelocity for $280 million Economy Jan 23, 2015 4:55 PM EDT Online travel booking company Expedia, Inc. purchased Travelocity today for $280 million in cash, the company announced in a press release. Expedia, the parent company to hotels.com and hotwire.com acquired the online travel agency from Sabre Corporation, two years after a strategic marketing agreement between the two companies. Since the partnership began in 2013, Expedia has powered Travelocity’s US and Canadian websites and provided Travelocity access to Expedia’s customer service and supply programs. “The strategic marketing agreement we’ve had in place has been a marriage of Travelocity’s strong brand with our best-in-class booking platform, supply base, and customer service,” Expedia CEO and President Dara Khosrowshahi said in a press release. “Evolving this relationship strengthens the Expedia Inc. family’s ability to continue to innovate and deliver the very best travel experiences to the widest set of travelers, all over the world.” The move will allow Sabre to focus more on the back-end needs of selling airline tickets and hotel rooms, according to the Associated Press. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Anna Sillers Anna Sillers
Online travel booking company Expedia, Inc. purchased Travelocity today for $280 million in cash, the company announced in a press release. Expedia, the parent company to hotels.com and hotwire.com acquired the online travel agency from Sabre Corporation, two years after a strategic marketing agreement between the two companies. Since the partnership began in 2013, Expedia has powered Travelocity’s US and Canadian websites and provided Travelocity access to Expedia’s customer service and supply programs. “The strategic marketing agreement we’ve had in place has been a marriage of Travelocity’s strong brand with our best-in-class booking platform, supply base, and customer service,” Expedia CEO and President Dara Khosrowshahi said in a press release. “Evolving this relationship strengthens the Expedia Inc. family’s ability to continue to innovate and deliver the very best travel experiences to the widest set of travelers, all over the world.” The move will allow Sabre to focus more on the back-end needs of selling airline tickets and hotel rooms, according to the Associated Press. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now