Expedia 2007 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2007 Expedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

Hotels.com».Our Hotels.com website makes available nearly 80,000 hotel properties to travelers, who
can plan, shop for and book lodging accommodations, from traditional hotels to vacation rentals. Hotels.com
seeks to provide travelers with premium content and service through our U.S.-based website, www.hotels.com,
as well as through localized versions in the Americas, Europe, Asia Pacific and South Africa. With
Hotels.com, we differentiate our offering by positioning the brand as the hotel expert, with premium content
about lodging properties.
Hotwire.com
TM
. Our discount travel website, Hotwire.com, makes available airline tickets, hotel rooms,
rental cars, cruises and vacation packages. Hotwire.com’s approach matches flexible, price-sensitive travelers
with suppliers who have excess seats, rooms and cars they wish to fill without affecting the public’s perception
of their brands. Hotwire.com travelers may enjoy significant discounts by electing to book travel services
“opaquely”, without knowing certain itinerary details such as brand, time of departure and exact hotel location,
while suppliers create value from excess inventory without diluting their core brand-loyal traveler base. Recent
product innovation allows air travelers to discover available discounts by altering details of their air travel
plans such as date of departure or destination airport. Hotwire.com works with many domestic and
international airlines, including U.S. full-service major network airlines, top hotels in hundreds of cities and
resort destinations in the United States, Europe, Canada, Mexico and the Caribbean and major car rental
companies in the United States.
Worldwide Travel Exchange and Interactive Affiliate Network. Our private label and co-brand programs
make travel products and services available to travelers through third-party company-branded websites. The
products and services made available through our websites, www.wwte.com and www.ian.com, are substan-
tially similar to those made available on Expedia-branded and Hotels.com-branded websites, respectively. We
generally compensate participants in the WWTE»and IAN
TM
private label programs on a revenue-share basis.
We also leverage our WWTE and IAN platforms to make Expedia and Hotels.com branded sites available in
various international points of sale.
Classic Vacations». Classic Vacations offers individually tailored vacations primarily through a national
network of third-party retail travel agents. We deliver a full line of premium vacation packages — air, hotels,
car rentals, activities and private transportation — to create customized luxury vacations in Hawaii, the
Caribbean, Mexico, Costa Rica, Europe, Australia, New Zealand, Fiji and Tahiti. Travel agents and travelers
can preview our product offering through our websites, www.classicforagents.com and
www.classicvacations.com.
Expedia Local Expert. Our network of travel desks located at hotels and resorts in Hawaii, Las Vegas,
Mexico, Orlando and San Francisco enables travelers to enjoy local tours, attractions and dining, as well as
purchase airport transfers and other travel-related services. Our network expanded through our acquisition of
Activity World and Activity Hut, destination service providers in Hawaii in 2004 and 2006, and our 2005
acquisition of Premier Getaways in Florida.
Expedia»Corporate Travel. Our full-service travel management company makes travel products and
services available to corporate travelers in the United States, Canada, China and Europe. In 2004, we
established ECT — Europe, which includes Egencia and World Travel Management, both of which were
acquired in 2004. ECT provides, among other things, centralized booking tools for employees of our corporate
travelers, support of negotiated supplier rates and consolidated reporting targeted to the “SME” (Small &
Medium size Enterprise) business segment. ECT charges its corporate client companies account management
fees, as well as transactional fees for making or changing bookings. In addition, ECT provides on-site agents
to some corporate clients in order to more fully support the account.
eLong
TM
. Our majority-owned online travel service company, based in Beijing, China, specializes in
travel products and services in China. eLong uses web-based distribution technologies and a 24-hour
nationwide call center to provide consumers with consolidated travel information and the ability to access
hotel reservations at discounted rates at more than 4,700 hotels in over 300 cities across China. eLong also
offers air ticketing and other travel related services, such as rental cars. Travelers can access travel products
and services through the websites, www.elong.com and www.elong.net.
4