SOUTHLAKE, Texas–(BUSINESS WIRE)–Oct. 4, 2004–Travelocity(R) and its parent company Sabre Holdings (NYSE:TSG) today announced the successful completion of the acquisition of the remaining 50 percent of the Travelocity Europe joint venture it did not already own, excluding the operations in Germany, from Otto Freizeit und Touristik GmbH.
Travelocity Europe includes Travelocity.co.uk in the United Kingdom, Resfeber.se and Box Office in Sweden, Rejsefeber.dk and Arte Udland in Denmark, Reisefeber.no and Ticket Service in Norway, and Boomerang in France. The Travelocity-OFT joint venture in Germany owns and operates Travelchannel.de, Travelocity.de, Travel Overland and Flug.de.
About Travelocity
Travelocity’s industry-leading technology and straight-talking, honest information help travelers take more rewarding and affordable trips. With 44 million registered users and booking $4 billion of travel in 2003, Travelocity(R) negotiates thousands of low-priced deals with the world’s most reputable travel providers – top airlines, hotels, car rental companies, cruise lines, and other destination attractions and services. Additionally, Travelocity offers deeply-discounted rates for weekend getaways and dynamic packages through its Last Minute Deals and TotalTrip(SM) shopping engines, and provides customer service support over the phone 24 hours a day. Based in Southlake, Texas, Travelocity also operates Travelocity Business(SM) for corporate customers, powers international travel Web sites in eight languages, and has been recognized for its consumer advocacy and global leadership in online travel. More information about Travelocity is available at www.travelocity.com. Travelocity is owned by Sabre Holdings Corporation (NYSE:TSG), a world leader in travel commerce. More information about Sabre Holdings is available at www.sabre-holdings.com.
CONTACT: VOLLMER PR for Travelocity
Judy Haveson, 212-808-6541
judy@vollmerpr.com
or
SABRE HOLDINGS
Investor Relations Contact
Karen Fugate, 682-605-2343
karen.fugate@sabre-holdings.com
SOURCE: Travelocity
