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