Travelocity Launches Net Rate Hotel Program in Europe, Offering More Options for Consumers and Suppliers

    SOUTHLAKE, Texas--(BUSINESS WIRE)--Oct. 14, 2004--

    Travelocity Partners with Hotels in Europe and North America to
               Extend Successful U.S. Program to Europe

In a move further extending the reach of its consumer-friendly
pricing and supplier-friendly relationships, Travelocity today
announces that its specially negotiated rates at more than 13,000
partner hotels throughout North America and Europe will now be offered
through Travelocity Europe. Travelocity Europe includes leisure Web
sites in the U.K., France, Germany, Denmark, Norway and Sweden.

The program is being introduced in the United Kingdom first and
will extend to other European countries, significantly leveraging the
Sabre Global Distribution System’s powerful connectivity capabilities
and allowing travelers to see the most current displays of available
rooms and rates at the hotel of their choice.

Travelocity displays the rates and availability of more than
60,000 hotels around the world, and more than 13,000 of these
participate in the company’s net rate hotel program. In addition to
this wide selection of net rate content already available,
Travelocity’s European-based team is already working with a variety of
European properties, including the world-famous Savoy in London, Hotel
Bauza in Madrid, Andel’s in Prague, Hotel Aleph in Rome, Hotel Jazz in
Barcelona, Hotel Cayre in Paris and a number of other European brands
such as Le Meridien, Sol Melia, Boscolo and Jolly Hotels.

“By providing access to more than 13,000 net rate deals for
European consumers, Travelocity once again sets the standard for
advocating for customers through great pricing deals,” said Tedd
Evers, director Europe Partner Marketing for Travelocity. “As we
continue to add even more net rate content to Travelocity’s European
Web sites through additional partnerships, consumers around the globe
will be offered even greater choices.”

Already participating hotel companies include InterContinental
Hotels Group, Marriott International, Best Western International,
Carlson Hotels Worldwide, Choice Hotels International, Wyndham Hotels
& Resorts, Starwood Hotels & Resorts Worldwide, Hyatt Hotels & Resorts
and Cendant Corporation. Several thousand independent hotel properties
are also included and Travelocity’s Evers said this figure is expected
to grow rapidly as the initiative is rolled out across the continent.

“We are providing hotels with a real alternative to the inflexible
block booking negotiation that is the current industry norm in
Europe,” Evers said. “Hotels can now benefit from the unparalleled
sales clout of an online agency with 44 million members around the
world, while maintaining the flexibility to adjust rates and inventory
as required.”

Some of the benefits of Travelocity’s supplier-friendly net rate
hotel program — groundbreaking in Europe — include:

    --  With its powerful connectivity using the Sabre GDS,
        Travelocity uses technology that enables two-way communication
        between it and a hotel's internal reservations system.

    --  This technology allows Travelocity to obtain rate and
        availability information earlier in the booking process. This
        avoids the frustrating experience for customers of completing
        a hotel booking on the site, only then to be told that a room
        isn't available.

    --  It eliminates labor-intensive manual allocations and faxed
        reservations by integrating seamlessly with suppliers'
        established inventory and revenue management systems to save

    --  It gives hotels the choice of making rooms available via the
        Sabre GDS or Travelocity's Web-based extranet.

    --  Travelocity provides the option for hoteliers to manage rates
        by local point of sale, allowing properties to adjust rates
        based on local market conditions.

    --  Travelocity pays its net rate hotel suppliers by credit card,
        putting cash into the hands of hoteliers faster than its

    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 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
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 Travelocity is owned by Sabre
Holdings Corporation (NYSE:TSG), a world leader in travel commerce.
More information about Sabre Holdings is available at

             Judy Haveson, 212-808-6541
             Mary Kate Smither, 972-488-4790

    SOURCE: Travelocity