m-Travel.com and Travel Distribution News

Archives for November 2006

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Is lack of knowledge in microeconomics the biggest challenge which RM professionals face today?

EFT Amsterdam Special

The Hotel Management Group, InterContinental Hotels Group, Americas has taken series of initiatives pertaining to revenue management in the last 12 months.

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Avis focuses on traditional principles of online retailing as it launches Avis.co.uk

Avis Rent a Car has launched its new website avis.co.uk, terming the initiative as a revolutionary one.

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Ryanair hikes its stake in Aer Lingus to 25.2 percent

In a significant development, Ryanair bought £59m worth of shares in a deal which takes its stake in Aer Lingus from 19.2 percent to 25.2 percent.

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Which online travel site satisfies consumers’ craving for deep discounts?

Hotwire.com ranks highest among the independent travel websites in satisfying customers who book their reservations online. This ranking is as per the latest J.D. Power and Associates 2006 Independent Travel Website Satisfaction Study released.

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Battery Ventures, Sequoia Capital India invest $15 mn in Travelguru

Indian online travel portal Travelguru has received a fresh infusion of capital commitment to the tune of $15 million from Battery Ventures and Sequoia Capital India.

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GTA and Octopustravel select SDL technology for global expansion

Gullivers Travel Associates (GTA) and Octopustravel  have awarded SDL International a $400,000 strategic contract to provide technology solutions and enable the delivery of their travel products in 11 languages.

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MAS’ Business Turnaround Plan delivers results

Malaysia Airlines has announced a net profit of US$66.1 million for the quarter ending September 2006, the first profit recorded by the airline since the unveiling of its Business Turnaround Plan (BTP) in February this year.

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Galileo introduces multi-currency rate distribution for hotels

Galileo has launched multi-currency rate capabilities for hotel companies distributing through the Galileo GDS.

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Expedia enters Japan

Expedia has launched its Japanese website, Expedia.co.jp.

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Focusing on the long-term, proactive revenue management

EFT Amsterdam Special

Hyatt International Hotels & Resorts is investing a lot of time and money in training processes and the nurturing of a revenue management understanding, culture and behaviour in among its hotel’s relevant teams, apart from investments made in technical systems and tools, according to with Siv Forlie, director - revenue management, Europe, Africa & Middle-East, Hyatt International Hotels & Resorts.

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First Choice' shares surged by 13 percent

As First Choice Holidays shared its plans of offloading its package tour
business, the company's shares witnessed a 13 percent rise to 257p yesterday.

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Consumer-centric travel companies are winning the battle for customer satisfaction and loyalty

In today’s crowded marketplace an optimized CRM strategy can really separate your travel company from the rest of the pack.  Online travel sales are still expanding, but at a diminished level.  With fewer customers left to migrate online, competition for the online travel customer is fierce. 71% of Americans are currently online, by 2011 it will be 81% (Forrester Research) In order to be successful companies must retain their customers by building loyalty and consistently providing an experience in line with their brand promise.  Fundamentally, companies that put CRM at the core of their vision, like JetBlue and Southwest, remain a firm favorite with customers.

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India is an outstanding market for hotel development: Hilton Hotels

Hilton Hotels Corporation is to create a joint venture company with real
estate developer DLF Limited (DLF) in India.

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India is an outstanding market for hotel development: Hilton Hotels

Hilton Hotels Corporation is to create a joint venture company with real
estate developer DLF Limited (DLF) in India.

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MAXjet Airways gets its new chief executive officer in William D. Stockbridge

The MAXjet Board of Directors recently appointed William D. Stockbridge as
president and chief executive officer of the company.

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Amadeus e-Travel Management v10.0 to offer new flexible faring options

Amadeus has shared that the new version of Amadeus e-Travel Management v10.0 will provide corporations with improved administration features and new flexible faring options designed to help companies balance their global and local travel management needs.

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WAYN raises $11 million to fuel its expansion

Travel and lifestyle social network Where Are You Now? (WAYN) has raised $11 million in Series A funding from a syndicate of investors led by Esprit Capital Partners.

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Active Hotels changes its company name to Booking.com

European online hotel reservation company Active Hotels Limited has changed its name to Booking.com Limited.

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How hard are US corporate travel managers negotiating for 2007 hotel rates?

As corporate travel managers finalize discounts with hotel companies and update internal websites with 2007 travel policies, a media report in the US has indicated that one indication when it comes to hotel negotiations is: costs are going up.

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First Choice Holidays contemplates sale of its package holiday business

Tour operator First Choice Holidays is in discussion with a number of parties over the sale of its package holiday operation.

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Building ` MySpace of the travel business’

Brent Hoberman, co-founder of Lastminute.com, is one of a number of dotcom luminaries who have invested a total of $11m in a fast-growing website aiming to be the MySpace of the travel business, reports The Sunday Times. 

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Amadeus strengthens its hospitality business group in Asia Pacific

Amadeus has appointed Bruno des Fontaines as vice president of the Amadeus Hospitality Business Group (HBG) in Asia-Pacific. 

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Travelport works on $40 million worth annualised run rate cost savings

Travelport recognized net revenue for the quarter of $631 million, EBITDA loss of $1.1 billion and a net loss of $1.2 billion, as the company recently shared its third quarter results.

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British people are set to go "travel mad" this winter

People in Britain are set to go "travel mad" this winter, according to
insurance provider More Than.

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lastminute.com focuses on on-site behavioral targeting

Online leisure retailer lastminute.com is implementing targeting from on-site behavioural targeting provider, Touch Clarity in order to maximise revenue.

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Travelocity moving 55 jobs from Texas to India

Travelocity is gearing up to outsource 55 North Texas jobs to WNS, a BPO services provider based in India.

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Reader feedback on our " Opodo's sales rise following visibility of VeriSign Secured Seal on payment pages" story

I was amazed by this article. Nearly ignored it completely as it just 
sounded like crazy talk. BUT, we've just added the identical copy and 
content to our site www.holidayextras.co.uk for direct parking 
bookings. We do about 40k of these each month converting at 10% so it 
should be a good test to prove/disprove the comments made by Mr Jones 
at Opodo.

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Survey emphasises on the importance of shopping around for car hire

A recent research looking into the comparative cost of car hire in the UK, France, Spain, Italy, Ireland and US has indicated that the UK is the cheapest country to hire a car - with car hire costing an average of £24.00/day for one week.

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“Asia” – The travel industry buzzword

This coming March the Travel Distribution Summit Asia 2007 is returning to Singapore. A selection of the most highly qualified speakers from the most trusted worldwide travel brands, will meet to discuss the opportunities and challenges of this evolving market. Companies represented include: Expedia, Cathay Pacific, Virgin Blue, Shangri La Hotels and Resorts, Hilton, Continental Airlines, MakeMyTrip.com, Abacus, Travelport, Europcar, Yahoo!, Zuji, SpiceJet and many more. (for a full list of speakers scroll to the bottom of this article)

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"Very good results in 2Q": Air France KLM

Air France KLM has shared that its second quarter operating earnings were up
7.8 percent to $731 million.

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Air France KLM in discussion with Alitalia

Air France KLM has acknowledged that it was in exploratory tie-up talks with Alitalia at the request of the Italian airline.

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Opodo’s sales rise following visibility of VeriSign Secured Seal on payment pages

Online travel agent Opodo has witnessed 10 percent increment in sales in a week’s span following a VeriSign Secured Seal on the payment pages of its website.

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Wyndham Vacation Ownership announces Preferred Hotel Pricing option

Wyndham Vacation Ownership has come up with global Preferred Hotel Pricing for timeshare owners.

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Galileo eTracker introduced in Asia and other markets

Travelport has introduced Galileo eTracker, a product for travel agents already using its GDS across Asia Pacific, Europe, the Middle East and Africa.

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Quality Assurance Executive

TRAVELfusion.com is seeking an internet savvy QA person to manage all testing and quality assurance of its site and travel suppliers’ data.

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Enterprise ranks highest in satisfying rental car customers for third year in a row

Enterprise topped the customer satisfaction parameter among rental car companies for the third consecutive year, according to recently released survey findings by JD Power and Associates.

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Travel agents' deals `misleading': media

Cut-price travel companies have been accused of "misleading" customers with
cheap internet prices by the Trading Standards Institute (TSI), reports
bbc.co.uk.

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Avis Budget Group posts 3Q loss of $1.01 billion on sale

Avis Budget Group Inc. posted a $1.01 billion loss for the third quarter as the car rental company incurred substantial charges related to the breakup of its parent Cendant.

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Sales Consultant – Business Travel

Excellent opportunity to join a major force in the corporate travel market. We are looking for Field Sales Consultants to target and win new business in the UK and to achieve productivity targets, these will cover client’s calls, tender turnaround, bid closure ratios, profitability and volume targets. For this great opportunity you will have B2B sales experience covering deal closing and negotiating. You must also be creative and open minded, able to self motivate and others in the company and also be an excellent Communicator. Experience of selling in the Travel and/or IT industry is a big plus.

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TRX releases news versions of corporate online reservation tool

TRX, Inc., an independent provider of transaction processing and data integration services to the global travel industry, has released new versions of its RESX corporate online reservation tool and SELEX Agent Desktop agency booking platform.

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Reader feedback on "LCCs have created a gradual evolution in European tourism"

This article only takes into account developed markets. The LCC’s have had a huge, measurable impact on the social and economic conditions of the regions they fly in India and in Asia in general. Measurable factors like rising land prices as a direct impact of LCC’s can be seen in many cities.

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Systems Manager – Tour Operator

Rare opportunity to join a leading European tour operator in their central London office. We are currently looking for a Systems Manager to manage their IT systems for the London office, Covering the followings: implementing new reservation systems, maintain & support & develop the systems throughout the business, manage local infrastructure – PC’s, network and call centre telephone systems, work with 3rd party suppliers in conjunction of the e-commerce's offering. Ideal candidate must have worked in the travel industry with a tour operator or similar for more than two years with knowledge of GDS (ideally Amadeus) and must also have experience of reservation systems and travel business process and some online commerce experience preferred.

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Google’s share touches $500-mark

The stock price of Google Inc. crossed the US$500-mark on Wall Street on Tuesday.

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"No-frills airlines do not appear to have significantly altered overall

Contrary to common perceptions, no-frills airlines appear to have had little
impact on overall rates of traffic growth, UK's Civil Aviation Authority (CAA)
has stated.

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Assessing the impact of US Airways-Delta merger on IBM

The proposed merger between US Airways and Delta Air Lines could result in the termination of a major IT outsourcing deal that Delta signed with IBM earlier this year, according to InformationWeek.

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CAA to remove its regulation of long-haul airfares

UK’s Civil Aviation Authority (CAA) has decided to remove its regulation of long-haul airfares because of greater competition in the airline market.

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Consumers are bending the rules of traditional holiday travel

This year the week between Christmas and New Year's -- not Thanksgiving weekend -- will be the most popular time for holiday travel.

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AirTran signs deal with Expedia

AirTran Airways has signed a four-year strategic partnership with online travel company Expedia.

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Higher prices and sagging consumer confidence not to impact Thanksgiving travel in a big way

Reduced consumer confidence and higher travel prices will slow the growth in American’s travel plans but will not keep families home this Thanksgiving.

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Google continues its impressive showing in the UK

Following recent indications that Google’s ad revenues in the UK will outstrip those of Channel 4 this year, there is another positive development related to operations of Google in the UK.

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Expedia to reward those who book in advance

Expedia.co.uk is ready with its ‘Early Bird’ booking promotion, offering discounts of up to 20 percent on the normal trip price to those who choose to book their 2007 holiday early.

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Assessing the loyalty of `Y’ generation when it comes to hotels and airlines?

Drury Inns, JetBlue Airways and Enterprise Rent-A-Car ranked number one in hotel, airline and rental car industry customer satisfaction, respectively, as per the Market Metrix Hospitality Index (MMHI) for the third quarter of 2006.

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Air France- KLM tipped to launch a new budget airline

Air France may launch a budget airline offering French customers cheap flights to Europe and North Africa, according to media reports.

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nuTravel's managed online booking tool integrated with Databasics' expense

Databasics and nuTravel Technology Solutions have signed a partnership to
provide the corporate traveler with a standard setting integrated end-to-end
solution.

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"LCCs have created a gradual evolution in European tourism"

Underlining the impact of budget airlines in transforming tourism, a study has
indicated that following the introduction of budget airlines in Stockholm in
1997, there has been an upsurge in overnight stays from 5.8 million in 1997 to
7.4 million in 2005.

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Delta looks to block US Airways bid: media

Delta Air Lines could accelerate its planned exit from bankruptcy and sweeten the terms offered to creditors to thwart the unsolicited $8.8bn offer proposed by US Airways, a media report has shared, attributing the development to people close to the carrier.

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Indian signs deals with Amadeus and Galileo

State-run airline Indian has signed deals with Amadeus and Galileo as it gears up to expand its distribution network.

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Europcar to buy European business of Vanguard Car Rental for $862.4 million

Europcar is to buy the European business of Vanguard Car Rental Holdings LLC for 670 million euros ($862.4 million). With this, Europcar is set to become the UK’s number one car rental company.

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Amadeus signs global technology deal with AccesRail

Amadeus has signed a major global technology deal with AccesRail, offering latter’s customers access to the advanced Amadeus Electronic Ticketing Server.

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Viajar.com opts for OpenJaw’s platform

Spanish online travel agency Viajar.com has chosen OpenJaw’s platform to manage its online
distribution of scheduled and low cost carrier air inventory.

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US Airways’ $8 billion offer to buy Delta Air Lines

US Airways has made an “unwelcome” $8 billion bid to merge with its larger rival Delta Airlines, ignoring Delta’s repeated statements that it isn’t interested in a merger.

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Zuji forms strategic partnership with eBay Singapore

Online travel company Zuji has signed a strategic partnership with eBay Singapore to provide eBay members online travel services with immediate effect.

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Worldspan comes up with new revenue generating tools for agents

Worldspan has created “a bigger, better Worldspan Hotel Select booking system to enhance the solution that presents travel agents with the largest pool of hotel content available from a single source”.

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First fully integrated global flight notification system for corporate travelers

nuTravel Technology Solutions LLC, a provider of mid-market corporate travel online booking tools, has released Flight Notes, the first fully integrated, flight status traveler alert system. 

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AVC introduces next-generation travel websites for agents

America’s Vacation Center (AVC) has launched its next-generation consumer travel websites for its affiliated network of independent contractors.

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SideStep strengthens ties with Frommer’s, rolls out new travel guides

Travel search company SideStep has expanded its relationship with Frommer’s, resulting in travel content for more than 3500 destinations via SideStep Travel Guides.

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Cultuzz enters India, to offer solutions to eBay India

Cultuzz Digital Media GmbH continues its new deal signing spree. In a new development, the company has forayed into India by signing an MoU with eBay India to empower its travel category.

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American Express launches Intelligent Online Marketplace for travel industry

American Express Business Travel has launched “Intelligent Online Marketplace” for travel and related business services.

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Pegasus Solutions works on new upgrades into HotelFactory CRS

Pegasus Solutions, Inc. has introduced new availability and pricing displays for its HotelFactory central reservation system (CRS), including a Calendar View, Table View and Inheritance View.

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Frontier and AirTran sign "first-of-its-kind" marketing relationship

Frontier Airlines and AirTran Airways have joined forces to create the first
low cost carrier (LCC) referral and frequent flyer marketing relationship in
the industry.

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Online travel spending tipped to reach $128 billion in 2011

JupiterResearch has estimated that $128 billion in travel will be sold online in the United States in 2011.

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Worldspan’s profit down in 3Q

Worldspan has reported $212.5 million in revenues as it shared its third quarter results. The company managed operating income of $32.2 million and net income of $15.5 million.

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Taking hotel imaging to another level with date stamping

VRX Studios Inc. has launched “Always Fresh” campaign that date stamps all hotel photos, virtual tours and interactive maps.

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HomeAway secures record $160 million in financing, acquires rival VRBO.com

Online vacation rentals company HomeAway has secured a record $160 million in debt and equity financing.

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RCI opts for Dolphin Dynamics’ new TravelScanner point of sale solution in the UK

RCI, a provider of exchange holidays, has struck a deal with Dolphin Dynamics, providers of specialist software to the travel industry.

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Web companies renting vacation homes: media

The role of Internet in revolutionising the vacation home rental process is repeatedly getting highlighted.

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Is Aer Lingus looking for €75m trim from its annual budgets?

Aer Lingus has reportedly asked its senior managers to trim €75m from their annual budgets as it seeks to cut its costs as part of its defence against a takeover by low-cost rival Ryanair.

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BA unveils its new business class

British Airways has unveiled its £100 million next generation business class flat bed.

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BCD Travel ties up with Farelogix for new technology platform

BCD Travel has chosen Farelogix for the development and implementation of a new technology
platform.

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India is in the unique position of jumping “technology generations”

By EyeforTravel.com Correspondent

As a market for online travel, India may have its own set of challenges. But there is no dearth of optimism about future growth.

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TUI UK ties up with Spannerworks for its SEO and PPC campaigns

Search engine marketing firm Spannerworks has been hired by TUI UK for search engine optimisation and pay per click campaigns.

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SideStep.com to strengthen its user-generated content section

Travel search engine SideStep has signed a partnership with travel blogging
and information site RealTravel.

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Analysts’ future take on Priceline after 3Q results

Shares of online travel agencies traded mixed Thursday, as investors reacted to earnings report from Priceline.com Inc. and anticipated Expedia Inc.’s third-quarter results after the closing bell, reported AP.

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Expedia profit down in 3Q

Online travel company Expedia Inc. shared that its quarterly net profit fell 28 percent partly on lower operating income and the elimination of interest income from its former parent company.

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Pegasus Solutions introduces web analytics service

Pegasus Solutions has launched its web analytics service, which enables hoteliers to achieve optimal bookings through an analysis of online consumer activity.

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Battleground CRM: How are leading travel companies optimizing their CRM strategy to unlock the full revenue potential of their customers?

On 23-24 January 2007 EyeforTravel will in holding their inaugural CRM in Travel conference in San Francisco.  This event see speakers from highly-successful travel companies gather to debate the latest trends in CRM, Loyalty and Customer Service. Companies represented include:  Southwest, Starwood, JetBlue, Fairmont Hotels, Best Western, British Airways, Delta, American Airlines, Hotwire, Alaska Airlines, The Venetian, Walt Disney, Travelocity, Expedia, AIR MILES and TripAdvisor. (For a full list of speakers scroll down to the bottom of this article)

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"OTA's would need to add more services in their offerings for survival"

By EyeforTravel.com Correspondent
   
It was in the first half of this year when Cox&Kings had shared its plans to
launch a new travel marketplace in India, Ezeego1.com.

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Microsoft launches Virtual Earth 3D online mapping interface

Microsoft has come up with an online three-dimensional mapping function that provides detailed views of major US cities.

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Interview with Matthew Crummack, vice-president - Air, Car and Tour Operators, Expedia

It was in April this year when Expedia had come up with a four-part realignment of its senior management team in Europe to bolster its position in the region.

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Sabre to introduce a new cruise shopping and booking tool

Sabre Travel Network is ready to launch Sabre Cruises, a new cruise shopping and booking tool with increased and improved functionality, as the latest enhancement to its end-to-end leisure collection.

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Date Management for the Airline Industry – case studies on route management, pricing, marketing and distribution

Attend the event that will enable to make mission critical decisions based on FACT

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Handy Group set to form "deep links" with several national airlines both in the UK and US

By EyeforTravel.com Correspondent
   
The market is "slow to see mobile Internet as a serious channel" and there is
"lack of 'sexy' content". These forthright opinions were put forward by Michael
Lacy, chief executive officer, Handy Group (UK) Ltd during the last year's
Travel Distribution Technology held in London in November last year

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hotel.de achieves new booking record in October

Online reservation service hotel.de has managed a new booking record in
October.

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Obtaining CRM data from online customers in an optimal manner

By EyeforTravel.com Correspondent

It was earlier this year when Alitalia had shared with EyeforTravel.com about its plans to introduce CRM platform.

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Galileo hotel rate guarantee programme touches 100-hotel mark

Galileo’s Best Available Rate (BAR) guarantee programme has added its 100th hotel brand. The latest addition is Leading Hotels of the World.

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PriceGrabber.com integrates amenity information into flight results

PriceGrabber.com has made enhancements to its travel search engine, working on the integrated display of amenity information and the improved discussion forums and hotel reviews.

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Web analytics progresses from being niche to be an integral part of online

By EyeforTravel.com Correspondent

"The analytics industry is now at least 10 times bigger today than it was a
year ago." This emphatic statement comes from Brian Clifton, head of web
analytics Europe, Google, who feels the biggest change has been the huge growth
in adoption.

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Interview with Amit Taneja, founder and chief executive officer, Desiya.com

By EyeforTravel.com Correspondent

Desiya Inc., a New Jersey-based online travel company, addresses the needs of travelers looking for an avenue where they can plan and book their travel to India from just one place.

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Thomas Cook European brands available through Worldspan TourSelect leisure travel booking system

Thomas Cook AG and Worldspan have signed a new online travel distribution agreement.

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GenaRes opts for OTA-based Worldspan XML Pro for Suppliers Technology

GenaRes Worldwide Reservation Services Ltd. has become the first reservations technology provider to fully implement the new and advanced Worldspan XML Pro for Suppliers hotel content product.

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Cleartrip.com targets 400,000 transactions in its first year

By EyeforTravel.com Correspondent

Cleartrip.com is targeting 400,000 transactions in the first 12 months of operation in India. The company has marked media exposure worth over US$6.6 million to achieve this target.

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Ryanair delivers record half-year profits

Ryanair has posted record half-year profits of €329m.

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Worldhotels.com to reward customers for booking online at least 21 days in advance

Worldhotels has launched an advance purchase product Get it Now!, offering customers reduced room rates on hotel bookings made at least 21 days in advance of arrival.

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VirginAtlantic.com to use the advanced availability and shopping functionality of Datalex TDP

Virgin Atlantic Airways has introduced advanced shopping features to virginatantic.com using the Datalex TDP shopping and availability management solution.

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TMA and nuTravel sign five-year agreement for corporate online booking tool

Travel Management Alliance, a group of regional travel management companies, has signed a five-year agreement to distribute nuTravel’s corporate online booking tool, CTS.

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Improving hotels operations with ‘up-to-the-minute’ log book of service requests

Having an ‘up-to-the-minute’ log book of almost all service requests and every aspect of maintenance within the hotel operation would enable an instant service delivery.

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Travelocity and Sabre Airline Solutions realize their most profitable quarters ever

Travelocity and Sabre Airline Solutions brought in a lot of cheer for Sabre Holdings Corporation as the group share its third quarter results.

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Auto Europe ties up with Booking.com

Auto Europe has partnered with priceline.com’s subsidiary Booking.com to offer new European hotel reservations service to its car rental customers.

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“CGC has increased the level of involvement in all stages of the travel process”

EFT Berlin 2006 Special: By EyeforTravel.com Correspondent

CGC has gone mainstream and has increased the level of involvement in all stages of the travel process, according to Jim Donnelly, Co-founder and VP - marketing, IgoUgo.   

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Global Hotel Alliance sets up its interactive site

Global Hotel Alliance (GHA) has launched a fully interactive site with independent tailored packaging recently.

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What are Googles plans for the Latin American Travel Industry?

Sales & Marketing in Travel Latin America '06 27 - 28 November, Hotel Emperador, Buenos Aires

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An online ad channel that frees marketers from archaic measurement methods

e-Miles, a new online advertising channel that rewards consumers for the time they spend viewing ads online with a currency they value—airline miles from their preferred carrier, has been launched.

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TCS launches Innovation Lab, to build range of 're-usable assets and components'

Tata Consultancy Services Limited has launched its TCS Innovation Lab
dedicated to the travel and hospitality industry.

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Worldspan expands its portfolio of advanced airline ticket repricing products

Continuing its advancements in fares and pricing technology, Worldspan has introduced Worldspan Ticket Exchange Plus, a  new desktop tool that walks travel agents through the ticket repricing process, beginning with validation of a PNR for repricing.

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LeisureLink and Groople to facilitate vacation rental accommodations for group travel

LeisureLink Inc. and online group travel booking resource Groople have signed a new partnership offering vacation rental accommodations for group travel.

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Opodo CEO Simon Vincent to join Hilton Hotels Corporation

Amadeus IT Group has announced the resignation of Simon Vincent as chief executive officer at Opodo Group.

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Corporations in China spent US$7.41 billion on air travel in 2005

Corporations in China spent US$7.41 billion on air travel last year, making China the fourth biggest business travel market in the world.

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Virgin America opts for Omniture to monitor visitor behaviour

Virgin America, a US-based airline gearing up for its launch in 2007, has
selected Omniture to measure and optimise its online channel.

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United Airlines manages second straight quarterly profit for the first time in six years

UAL Corp. , parent of United Airlines, has managed a third-quarter profit, reporting earnings of $190 million, or $1.30 per share, compared with a year-earlier net loss of $1.77 billion.

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United Airlines manages second straight quarterly profit for the first time in six years

UAL Corp. , parent of United Airlines, has managed a third-quarter profit, reporting earnings of $190 million, or $1.30 per share, compared with a year-earlier net loss of $1.77 billion.

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"The low-cost carriers are the ones on the ropes now"

Improved pricing will likely boost US airline profits next year, but the next
economic downturn may bring a return of bankruptcies and possibly liquidations.

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Airlines on way to become the first totally web-enabled global industry: SITA survey

Aviation is being tipped to become the world’s first totally Internet Protocol-enabled industry, putting the power of the worldwide web at the service of the airlines and passengers.

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