They are a travel company that operates on the website Hotwire.com. It collaborates with many travel agencies across the world to help them sell flight tickets, rental cars, vacation packages, and hotel rooms. Since these services might have otherwise gone unsold, this company offers them at super low prices compared to other travel websites.
The company was started by a group of founders known by the names Spencer Rascoff, Karl Peterson, Gregg Brockway, and Eric Gross in 2000 (about 19 years ago). They were first sponsored by TPG (Texas-Pacific-Group) which provided them with $75 million to support the initialization of the company. Other organizations that supported the launch of Hotwire.com include United Airlines, Northwest Airlines, American West Airlines, American Airlines, and Continental Airlines.
They are a child company of the American global travel company known as the Expedia Group. Other websites that run alongside this company include Egencia, Orbitz, Expedia, CarRentals.com, Venere.com, HomeAway, CheapTickets, Hotels.com, and Trivago. It’s located in San Francisco, California, in the U.S.A. As of now, it has more than 300 employees.
Orbitz Inc. is owned by Expedia group and offers online travel aggregation services to help customers find a one-stop place where they can get travel deals to suit their budget. The company has its headquarters in Citi Group Center, Chicago. Orbitz manages an online system where consumers can search, filter, and sort out multiple travel packages and choose those which align with their needs.
The company traces its early days to 2001 when a group of leading airlines in the US teamed up to create Orbitz.com. The goals of forming Orbitz was to create an online platform which will enable customers to book their flights efficiently, lower the air traveling costs, and improve the overall customer experience.
Despite earlier business and legal challenges, the company soared higher in profitability and in 2003, it filed for an IPO (IPO). Over time the company has undergone different phases, reorganized, and changed hands. Currently, the company is owned by Expedia Group which has interests in the transportation and hospitality industry.
The key products and services offered by Orbitz include:
Priceline is a US company headquartered in Norwalk, Connecticut and it operates an online platform where customers can get discounted travel-related services. The top services offered include airline tickets, car rentals, hotel bookings, and cruises. The company has partnered with multiple companies in the hotel and hospitality industry to provide first-class services while still affording its customer competitive prices.
The company was founded in 1997 by Jay S. Walker. Priceline quickly rose to public limelight through its “Name Your Own Price” system. The system was applied to hotel booking, air travel, car rentals, and vacation offers. Customers would be prompted to pick their preferred price, the general location, and then make their payments before the details were disclosed. Through this method, customers found it easy to land exciting deals, discounted offers, and crazy packages which they could not find with most of the service providers. As a result, the company grew drastically and expanded its services to cover the whole globe.
Due to the success of this marketing strategy, the company has retained the “Name Your Own Price” service and it features as one of their top products. Currently, the company continues … Read the rest