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One of the pioneers of web-based disintermediation, Travelocity.com was the first website that allowed consumers the ability to purchase travel tickets without the help of a person. [ 2 ] In addition to airfares, the site also permits consumers to book hotel rooms, rental cars, cruises and packaged vacations.
Sabre Global Distribution System, owned by Sabre Corporation, [1] is a travel reservation system used by travel agents and companies to search, price, book, and ticket travel services provided by airlines, hotels, car rental companies, rail providers and tour operators.
In the airline industry, available seats are commonly referred to as inventory. The inventory of an airline is generally classified into service classes (e.g. economy, premium economy, business or first class) and any number of fare classes, to which different prices and booking conditions may apply.
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The MARS-1 train ticket reservation system was designed and planned in the 1950s by the Japanese National Railways' R&D Institute, now the Railway Technical Research Institute, with the system eventually being produced by Hitachi in 1958. [6] It was the world's first seat reservation system for trains. [7]
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Travelocity: Travel Agency $ 280,000,000 [36] [37] September 17, 2015: Orbitz: Travel Agency $ 1.6 billion [38] [39] September 28, 2015: Mizuho Finances Corp Travel Agency $ 14,200,000 [40] November 4, 2015 HomeAway: Holiday Rental Service $ 3.9 billion [41] [42] October 25, 2018 Pillow Short-Term Rental Management — [43] October 25, 2018 ...