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|More than 5,500 Hotels Now Use 'OrbitzConnect' for Instantaneous Updates, Lowering Their Costs and Improving Consumer Information and Choice|
|Chicago, June 22, 2004 - More than 5,500 properties in the Orbitz Merchant Hotel program now use the "OrbitzConnect" seamless booking channel - making it easier and more cost-effective for these hotels to work with Orbitz and improving the information and breadth of choice available to consumers. |
"By using our OrbitzConnect technology, hotels eliminate the labor-intensive need to fax reservation confirmations, reducing their operating costs and making it more attractive to send merchant hotel inventory to Orbitz. As a result, we can offer a larger selection of OrbitzSaver„· discount hotel rates," said John Samuel, Orbitz' executive vice president of consumer travel. "We've also made it easier for hotels to update amenity information and room descriptions on our site. Orbitz now has seamless connections to more than 13,000 properties, making it the largest such network of any major online travel site."
OrbitzConnect is a virtual pipeline between Orbitz and the central reservations systems of its partners in the fast-growing Orbitz Merchant Hotel program, offering these hotels a more flexible approach to managing online inventory. The technology is used to instantaneously register Orbitz merchant hotel reservations in the hotels' systems, update room rates and provide other hotel information on Orbitz.com. OrbitzConnect is particularly valuable to hotel chains with higher volumes and centralized reservation systems, because reservations can be seamlessly communicated and automatically verified without human intervention.
Orbitz currently provides OrbitzSaver rates on about 15,500 properties through the Orbitz Merchant Hotel and Travelweb programs. Orbitz.com displays merchant and published rates at more than 65,000 resorts, independent hotels and brand name chains worldwide.
Orbitz is a leading online travel company that enables travelers to search for and purchase a broad array of travel products, including airline tickets, lodging, rental cars, cruises and vacation packages. Since launching its website to the general public in June 2001, Orbitz has become the third largest online travel site based on gross travel bookings. On www.orbitz.com, consumers can search more than 455 airlines, as well as rates at over 65,000 lodging properties and at 23 car rental companies. Orbitz, Inc. became a publicly traded company on Dec. 17, 2003, when its shares were listed on the Nasdaq National Market under the ticker symbol ORBZ. For more information on the company, visit www.orbitz.com.
Statements in this press release regarding Orbitz that are not historical facts are forward-looking statements and are subject to risks, assumptions and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Orbitz' actual results to differ materially from those described in a forward-looking statement: Orbitz' ability to retain and attract customers on a cost-effective basis; increasing competition from existing or new competitors; relationships with Orbitz' controlling stockholders and with other travel suppliers; limitations that could affect the expansion of our Supplier Link business; risks relating to our ability to expand our business generally; specific risks that could affect our ability to achieve growth plans for portions of our business, such as hotels; rapid technological change affecting our industry; risks associated with litigation or government regulation; declines, disruptions or events affecting the travel industry; potential fluctuations in our quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed from time to time by Orbitz with the Securities and Exchange Commission for a discussion of these and other important risk factors. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this press release. Orbitz undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason.
|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Orbitz Worldwide Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|