Travelocity Partner Network to Power American Express Consumer Travel Network’s Online Leisure Travel Site; Will Provide Private Labeled Booking Engine for Flights, Hotel Rooms, Car Rentals, and Vacation Packages for Leisure Travelers

SOUTHLAKE, Texas & NEW YORK–(BUSINESS WIRE)–Dec. 14,
2004–Travelocity(R) and American Express Company today announced a
strategic agreement to use a private-label version of Travelocity’s
online booking engine for flights, hotels, car rentals, and last
minute travel products for American Express’ U.S. online leisure
travel site, www.americanexpress.com/travel. In addition, American
Express today will launch the first in a series of enhancements to its
leisure travel Web site, including a new design for easier navigation
and customized booking tools for cruises and American Express
Vacations(R) packages.

“To be the strategic partner for American Express’ online leisure
travel business speaks to the momentum Travelocity Partner Network(SM)
continues to generate industry-wide,” said Richard Harris, vice
president of strategy and business development for Travelocity.
“American Express is a highly valued travel provider and our new
relationship with them is a great opportunity for us to extend our
private labeled products and services to their loyal customer base.”

The agreement will expand American Express’ online leisure travel
capabilities by providing a full range of industry-leading travel
rates as well as discounts, including special fares, merchant hotel
rates, last minute deals and dynamic vacation packages.

“Our aim is to ensure that our customers receive the best line-up
of travel products and services available, whether they call in to our
toll-free number, walk into one of our offices or click in through our
Web site,” said Audrey Hendley, Vice President of Marketing and
Strategic Partnerships for the American Express Consumer Travel
Network U.S. “Through this agreement with Travelocity, American
Express will provide customers with access to even more competitive
travel deals, along with the features they expect of us: a high level
of service, unique, compelling offers and rewards for their loyalty.”

Along with its established heritage of excellence in travel
services, American Express plans to appeal to existing Cardmembers and
attract new customers with compelling values such as double Membership
Rewards(R) points and exclusive value-added features with the American
Express Vacations product line. The site also offers a cruise booking
feature provided by OurVacationStore.com, Inc. Cardmembers can use
Membership Rewards points to pay for cruises. The site will continue
to offer a travel office locator and travel specialist search engine
to support customers who would rather work with a travel counselor.
Over the course of the next year, American Express will enhance the
site with additional features.

The addition of American Express to the Travelocity Partner
Network continues the expansion of Travelocity’s distribution reach.
Currently, Travelocity Partner Network has agreements in place with
several leading online retailers, including: AARP, Southwest Airlines,
US Airways, America Online and Yahoo! Additionally, Travelocity
continues to leverage sister company Site59’s experience as an ASP for
a number of travel-related Web sites, one of which includes American
Express.

“This further demonstrates Travelocity’s ability to leverage our
industry leading travel products for the good of all consumers and
supplier partners,” Harris of Travelocity said. “We have great
confidence in the power and flexibility of the Travelocity Partner
Network and our team’s ability to work creatively with our partners
and their various user bases.”

About Travelocity

Travelocity’s industry-leading technology and straight-talking,
honest information help travelers take more rewarding and affordable
trips. With millions of registered users and booking nearly $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(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.

About American Express

American Express entered the travel agency business in 1915 and
today is one of the largest global travel agency networks, with more
than $16 billion in global travel sales in 2003. The company has more
than 1,700 Travel Services(a) locations worldwide in more than 130
countries. American Express began selling travel over the Internet in
1995, and in 1996 launched http://www.americanexpress.com/travel. It
is a leader in supporting the travel industry through its active
sponsorship of several industry associations, including the American
Society of Travel Agents (ASTA), Travel Industry Association of
American (TIA) and the World Travel and Tourism Council (WTTC), among
others. In 1987, American Express established the Academies of Travel
& Tourism in the United States, and since 1995 has contributed $10
million to the World Monuments Watch, an ambitious program the company
launched with the non-profit World Monuments Fund to identify and save
the world’s most endangered monuments.

American Express Company is a diversified worldwide travel,
financial and network services company founded in 1850. It is a world
leader in charge and credit cards, Travelers Cheques, travel,
financial planning, business services, insurance and international
banking. For more information on American Express, visit our Web site
at www.americanexpress.com

(a) Not all services available at all locations


    CONTACT: Vollmer Public Relations for Travelocity
             Judy Haveson, 212-554-7425
             judy@vollmerpr.com
             or
             Sie Soheili, 972-488-4790
             sie@vollmerpr.com
             or
             American Express
             Melissa Abernathy, 212-640-5060
             melissa.abernathy@aexp.com

    SOURCE: Travelocity