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Expedia Acquires Travelocity for $280 Million

Expedia Acquires Travelocity for $280 Million

Expedia Inc. has acquired Travelocity from Sabre Corporation for $280 million in cash. The acquisition follows the 2013 strategic marketing agreement between Expedia and Travelocity under which Expedia has powered the technology platforms for Travelocity’s U.S. and Canadian websites along ...

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Orbitz Looking for Buyers

Orbitz Looking for Buyers

Ortbitz Worldwide Inc., an online travel agent, is being put up for sale, according to a new report. On Jan. 20, Bloomberg released information that the company, which also runs Cheaptickets.com, is working with a financial adviser to find potential ...

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Battle Begins Over Control of Ace Hotel Chain

Battle Begins Over Control of Ace Hotel Chain

The estate of Alex Calderwood, the late founder of Ace Hotel, has filed suit against Ace Group International (AGI) and Calderwood’s former partner, Stefanos Economou, to gain control of the hotel chain. Acting as representative of the estate, Calderwood’s father, ...

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Marriott Testing Streaming Services in Select Hotels

Marriott Testing Streaming Services in Select Hotels

Binge-watching is now on the room service menu for select Marriott guests. Bloomberg has reported that Marriott International Inc. has made streaming services like Netflix, Hulu, and Pandora available in eight properties. While guests can already access Netflix through the ...

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