Hints and tips:
...Shares in Expedia have fallen by more than half since late February as investors brace for hits to its portfolio of businesses, including Hotels.com, Travelocity and Vrbo....
...Private equity firms Apollo Global Management and Silver Lake provided $1.2bn to the company which operates a portfolio of businesses, including Hotels.com, Travelocity and Vrbo....
...Mr Bhutani, a nine-year veteran of Expedia, most recently served as president of Brand Expedia Group where he oversaw the online travel company’s brands including Travelocity and Orbitz....
...Priceline, its main rival for online hotel bookings and owner of Booking.com and OpenTable, is gathering data that allows it to offer users more personalised experiences....
...Expedia’s portfolio reads like a who’s who of travel websites, including Hotels.com, Trivago and lastminute.com in Australia....
...In the UK, KKR, the private equity firm, purchased thetrainline.com, the country’s largest online rail booking site, for £500m last month....
...Email the Lex team at lex@ft.com...
...Sabre, the owner of leisure planning website Travelocity, lowered the range of its IPO and raised $627m on Wednesday, down from hopes of $850m at the mid point of its earlier range....
...Lopo Champalimaud founded Wahanda, an online booking service for health and wellness clinics in 2008 after working in senior roles at start-up Lastminute.com and Travelocity....
...Its other clients include Priceline, Booking.com, Travelocity, and the hotel groups Marriott, Hilton and Accor....
...India’s tourism industry is booming, with web sites like cleartrip.com and makemytrip.com establishing themselves as clear Indian alternatives to travelocity.com and kayak.com in the west....
...In December, American pulled its fares from Orbitz.com, a popular comparison website, after failing to agree a new deal....
...people@ft.com...
...His biggest successes include making a “couple of hundred thousand” from Lastminute.com, the travel website that was taken over by Travelocity for £577m, and CSR, the technology company that tripled in value...
...E-Commerce companies like US Airways, Travelocity, Priceline, Expedia, Classmates.com, and 1-800-Flowers.com know that their customers are being harmed by the aggressive sales tactics of Apollo Management...
...Its major competitors are Travelocity, Orbitz and Priceline.com....
...Sabre and others had reacted to the online threat by buying online portals such as Travelocity and lastminute.com, but have been engaged in a two-year battle with airlines pushing to cut their distribution...
...As well as managing reservations systems for a number of airlines, including American Airlines, Sabre also owns Travelocity.com, an online travel website....
...As FT.com’s web diarist in Monaco, I am hampered by my inability to do anything more complex with a laptop than type. I have to dictate my story by phone, as if Wi-Fi had not been invented....
...The move reflects a trend followed by other sites such as IgoUgo.com, a travel “community” snapped up by Travelocity’s parent Sabre earlier this year....
...Without the “.com” domain, says Mr Soskin, the current expansion plans for the US would have been impossible. Even with it, it was a struggle....
...Among his more recent deals was the £577m cash takover of Lastminute.com, the online travel site, by Sabre, the US travel and technology group that owns Travelocity, which created the largest online travel...
...“We’re extremely pleased with the prospect of having Lastminute.com, with its highly regarded brand and well-established customer base, as part of our Travelocity division, including Travelocity Europe....
...martin.dickson@ft.com...
...Sabre Holdings, the US travel and technology group that owns Travelocity, on Thursday announced it had agreed a £577m ($1.1bn) cash deal to buy Lastminute.com, creating the largest online travel service...
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