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Orbitz Worldwide Seeks Strategic Alternatives for Away Network

CHICAGO, Feb. 15, 2013 /PRNewswire/ -- Leading online travel company Orbitz Worldwide Inc. (NYSE: OWW) announced today it is exploring strategic alternatives for some or all of the assets within the Away Network.  The Away Network includes specialized travel content, valuable domain names with strong organic traffic and an active customer base seeking travel news and deals.

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Among the Away Network's sites are Away.com, Trip.com, GORP.com, AdventureFinder.com.

"As we assess the prioritization of investments in different areas of our business, in particular in the context of the encouraging trends that we're seeing in hotel, we've made the determination that the elements of the Away Network, either collectively or individually, are likely to be more valuable to other parties," said Sam Fulton, senior vice president of product strategy at Orbitz Worldwide. 

The company said that the revenue and adjusted EBITDA associated with the Away Network is immaterial to overall Orbitz Worldwide financial results, and that a sale of some or all of the assets associated with the Away Network would not change the company's earnings outlook for 2013.

Interested parties should contact Orbitz Worldwide Corporate Development via email at corpdev@orbitz.com.

About Orbitz Worldwide

Orbitz Worldwide is a leading global online travel company that uses innovative technology to enable leisure and business travelers to research, plan and book a broad range of travel products. Orbitz Worldwide owns a portfolio of consumer brands that includes Orbitz (www.orbitz.com), CheapTickets (www.cheaptickets.com), ebookers (www.ebookers.com), HotelClub (www.hotelclub.com), RatesToGo (www.ratestogo.com) and the Away Network (www.away.com). Also within the Orbitz Worldwide family, Orbitz Worldwide Distribution (corp.orbitz.com/partnerships/distribution) delivers private label travel solutions to a broad range of partners including many of the world's largest airlines, and Orbitz for Business (www.orbitzforbusiness.com) delivers managed corporate travel solutions for corporations. For more information on partnership opportunities with Orbitz Worldwide, visit corp.orbitz.com.

Orbitz Worldwide uses its Investor Relations website to make information available to its investors and the public at investors.orbitz.com. The public can sign up to receive email alerts whenever the company posts new information to the website.

SOURCE Orbitz Worldwide

Orbitz Worldwide, +1-312-894-6890, press@orbitz.com

"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.