December 29, 2011 |
Those who hesitated might have lost out on bargain New Year's Eve hotel rooms in New York City and San Francisco, but how much you pay also might depend on where you want to stay. NewYorkHotels.org reports prices in Big Apple hotels are way up for Dec. 31 compared with regular rates. The survey shows rooms at Hotel 91 on the Lower East Side jump from $125 to $933, and the Cosmopolitan in the Wall Street area increases from $129 to $549. Even the midtown Holiday Inn NYC's rates jump from $179 to $649.
April 22, 2012 |
FORT WORTH — With pointy red gnome hats, a cruise giveaway and plenty of balloons, Travelocity turned sweet 16 last month. But it hasn't been all cupcakes and champagne for the travel website. Once considered a trailblazer, Travelocity has struggled for the last few years to keep up with competitors such as Expedia and Priceline. "We weren't moving as fast as we needed to," Chief Executive Carl Sparks said about newer, nimbler competitors. "We're 16 and so sometimes we think of ourselves as one of the elderly companies in the space because we were around since its inception.… Yet 16 is quite young for a multibillion-dollar company.
May 13, 2013 |
Airline mergers, a deep recession and surging fuel prices have led to sharp cuts in airline service around the country. Hardest hit: medium-size airports. Bob Hope Airport in Burbank, John Wayne Airport in Santa Ana, LA/Ontario International Airport and other mid-size airports lost an average of 26.2% of their flights from 2007to 2012, according to a new study by Massachusetts Institute of Technology's International Center for Air Transportation. The cuts are a result of airlines eliminating less-profitable routes and focusing on more popular, high-profit routes, the report said.
September 30, 1999 |
Money-minded travelers wondering about the Internet should check out the "Snooze You Lose Specials" at Best Fares Online to see just how cutthroat airline pricing can be. You may not find the flight you want, but it's hard not to be impressed by the list of low fares, many of them unadvertised.
April 17, 2001 |
Expedia Inc. said it will report its first quarterly operating profit for the period just ended, more than a year ahead of schedule, as the Internet travel industry continues to grow at a healthy clip. Expedia, which is 70% owned by software giant Microsoft Corp., said it will report earnings before noncash items of about $4 million, or 9 cents a share, for its fiscal third quarter ended March 31.
July 24, 2007 |
The cost of raising money in the junk bond market continued to surge Monday, spurring online travel firm Expedia Inc. to sharply scale back plans to borrow money to buy back stock. Also Monday, Allison Transmission, a General Motors Corp. unit that makes automatic transmissions for trucks and buses, postponed a sale of $3.5 billion of loans, said Leveraged Commentary & Data, a Standard & Poor's publication. The loans would have helped pay for the unit's $5.
March 29, 2005 |
IAC/InterActiveCorp, billionaire Barry Diller's Internet company, will give $250 million in cash to its Expedia unit to provide it with capital when it is spun off as a public company. Expedia, which will consist of travel businesses Hotels.com, Hotwire, Expedia.com and other websites, will have a revolving credit line of $500 million at the time of the spinoff, New York-based IAC said in a filing Monday with the Securities and Exchange Commission. Diller on Dec.
April 8, 2001
Hotwire, the airlines' Internet site that pioneered so-called "unpublished" discounted fares when it launched last fall, has inspired an apparent copycat: "Bargain Fares" at Expedia. The giant Internet travel marketer, at http://www.expedia.com, is offering low fares not available on computerized reservations systems used by travel agents and Internet search engines.
May 1, 2001 |
Expedia Inc. posted its first quarterly operating profit a year ahead of plan, and said earnings for the current quarter and next fiscal year would top Wall Street expectations as the online travel service drew more customers. For its current fourth quarter, ending June 30, Expedia said it expected to post a profit, before items, of 6 cents to 9 cents per share, compared with a loss of 30 cents a year earlier.
April 15, 2003 |
Hilton Hotels Corp., striking back at discount hotel Internet sites, said Monday that it agreed to give online travel service Expedia Inc. access to its central reservation system. The two-year partnership is part of a strategy aimed at eliminating deeply discounted Hilton hotel rooms on the Internet. In return, Expedia has pledged not to undercut Hilton's prices and agreed to significantly cut its commissions to the hotel operator.