New entrants - Online Travel Agents
4 major on-line travel agents dominated in -98
- Travelocity.com, Expedia, ITN/GetThere.com, Preview Travel
- Sold for nearly $ 1 billion last year
Travelocity.com increased sales nearly three times in 99
- $285 in1998 vs. $808 on 1999
- The 19th largest travel agency in 98 - no.9 with 99 results
- Merged with Preview Travel - Combined sales of $1.2 bill in 99
- Trading on NASDAQ - 70% Owned by Sabre, 30% public
GetThere.com tripled number of bookings from last year
- 147 000 i 3Q 1998 vs. 433 000 in 3Q 1999
- Growth in corporate travel accounts and use of corporate selfbooking software