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Hotels.com was established in 1991 by David Litman and Robert Diener as the Hotel Reservations Network (HRN), providing hotel booking via a toll-free phone number in the United States. [2] In 2001, the company was acquired by USA Networks Inc (USAI) which also acquired a controlling interest in Expedia, an online travel booking company.
Internet service provider $ 89,750,000 [18] March 17, 2001: Vacationspot Internet service provider $ 70,850,000 [19] March 11, 2002: Classic Custom Vacations [note 1] Travel agency $ 78,000,000 [20] July 11, 2002: Metropolitan Travel Travel agency — [21] October 28, 2002: Newtrade Technologies Reservation software — [22] April 5, 2004 ...
Expedia Inc. is an online travel agency owned by Expedia Group, based in Seattle. [1] The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. Expedia.com was launched on October 22, 1996 by Microsoft. [2]
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In 1991, Hotel Reservations Network, the precursor of Hotels.com, was founded. At first, hotels did not pay much in commissions. [47] With the advent of the internet, travel agencies migrated online and underwent disintermediation by the reduction in costs caused by removing layers from the package holiday distribution network. [49]
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