Travelocity Names Damon Tassone President of Travelocity Europe

2004–Travelocity(R), a Sabre Holdings company (NYSE:TSG), announced
today that Damon Tassone has been named president of its Travelocity
Europe operation, replacing Dirk Hauke, who has accepted a
non-related-travel position with the Otto Group, Travelocity’s joint
venture partner in Germany. Tassone most recently served as senior
vice president of distribution at Travelocity, where he was
responsible for subsidiaries and World Choice Travel, as
well as the company’s relationships with distribution partners America
Online, Yahoo! and other leading travel suppliers.

“I am very pleased that Damon will lead Travelocity Europe going
forward as we renew our focus and expand our presence there. I have
enormous faith in his talent and management style,” said Michelle
Peluso, Travelocity CEO. “We have a strong and capable European team
thanks largely to Dirk, who did a terrific job starting up and running
Travelocity Europe and steering us through the recent acquisition

Travelocity completed the acquisition of the remaining 50 percent
of the Travelocity Europe joint venture it did not already own,
excluding the operations in Germany on October 4, 2004. In Germany,
the company continues its joint venture with the Otto Group business
Otto Freizeit und Touristik GmbH (OFT).

Tassone will be based in London and will report directly to
Peluso. He will assume responsibility for all Travelocity’s European
businesses outside Germany, and for Travelocity’s 50 percent
shareholding in the German operations.

Before assuming his most recent role at Travelocity, Tassone held
key positions at Site59, which innovated the last minute space in
online travel, eventually serving as its general manager. Prior to
that, he worked for beer and spirits giant Guinness and was a consumer
products and retail advisor at Boston Consulting Group. Tassone is an
alumnus of Dartmouth College where he earned a degree in English.

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

    CONTACT: VOLLMER PR for Travelocity
             Mary Kate Smither, 972-488-4790 (USA)
             Peter Heath, 44 (0) 1844-350-099 (EUROPE)

    SOURCE: Travelocity