(NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion.
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Orbitz was founded in 2001 and originally operated as an independent company. However, in 2015, it was acquired by Expedia Group, one of the largest online travel companies in the world. This acquisition brought Orbitz under the same ownership as other well-known brands such as Expedia.com, Hotels.com, and Travelocity.
Expedia Group to merge loyalty programs across travel brands, expand member benefits. Expedia Group plans to unify and expand its customer loyalty programs across its family of brands, which includes Expedia, Hotels.com and Orbitz.
BELLEVUE, Wash., Sept.17, 2015 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) today announced that it has completed its acquisition of Orbitz Worldwide, Inc., including all of its brands and assets, for US$12.00 per share in cash, representing an enterprise value of approximately US$1.6 billion.
One of the most high-profile upgrades is the merger of Expedia's loyalty programs. In mid-2023, Hotels.com, Expedia, and Vrbo will roll their programs into One Key. Existing stamps and reward nights will convert to OneKeyCash, which you can use on all three brands, according to Expedia.
Expedia Group, Inc. is an American travel technology company that owns and operates travel fare aggregators and travel metasearch engines, including Expedia.com, Hotels.com, Vrbo, Travelocity, Hotwire.com, Orbitz, Ebookers, CheapTickets, CarRentals.com, Expedia Cruises, Wotif, and Trivago.
Expedia Inc.changed its name Monday to Expedia Group Inc. “to better reflect the global nature of our business, more clearly articulating who we have become and who we aspire to be,” Expedia CEO Mark Okerstrom said in a statement.
Expedia Rewards is now One Key™Earn rewards across our family of brands with One Key. Rewards on any way you travel. Earn OneKeyCash for every dollar spent5 on eligible hotels, vacation rentals, flights, car rentals, and more when you book across our family of brands.
Orbitz redemptions are limited to hotel bookings; if they're a large part of your travel expenses, Orbitz is probably the superior program. Expedia points are more varied, however: They can be redeemed to pay for hotels, airfare, rental cars, and attractions.
A union between 'Exploration' and 'speed', the name 'Expedia' is born, and soon becomes synonymous with the new world of online travel. They go public in 1999 in the heat of the dot-com boom and continue to grow through the early 2000's, acquiring Travelscape in 2000 and launching a corporate travel arm in 2002.
Booking Holdings (which operates Booking.com, Kayak, Priceline, OpenTable, Agoda, and others) and Expedia Group (which operated Expedia, Hotels.com, Hotwire, trivago and others) are the largest online travel agencies (OTAs) in the world and operate through a dynamic portfolio of brands across different regions.
Expedia Announces Overhauled Website, App and Rewards Program. To prepare for the return of travel demand, Expedia Brand is launching a new global campaign to become the ultimate tourism companion.
Hotels.com was established in 1991 as the Hotel Reservations Network (HRN). In 2001, it became part of Expedia, Inc.and in 2002, changed its name to Hotels.com. The company is operated by Hotels.com LP, a limited partnership subsidiary located in Dallas, Texas, in the United States.