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Expedia Inc. Message Board

  • tyi275 tyi275 May 13, 2002 3:49 PM Flag

    no end to stupid money...

    is any of these so called news, or revelation about travel industry being a huge market with all the potential to be a block buster industry, new?? then why has priceline at $4 a share and why are there still tons of travel agencies around?? this kind of mentality is what drove the bubble to dizzing heights in the late 90's. everyone thought the malls will be closed down as people are going to just use the internet to buy everything from their plane tickets to furniture!!! i guess there's no end to stupid money!!!

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    • has corporate rate deals with Continental, US Air, Northwest, American, United etc. as well as AVIS, plus Holiday Inn, Sheraton, and Ramada. Believe me, when I book a 3 day trip which includes the airline travel, hotel, and car and I went through the company authorized travel agent you could hear the gal typing away in the background. I'm sure most companies have the same coprorate rates & deals. The Travel Agent is instructed to provide the service to the employee's and the agency makes their money on a markup for each piece of the trip itinerary. Now that we all book through Expedia there's no travel agent markup. It also cuts down on the sales guys "working over" the T.A. bimbo's telling them to "give me the Delta flite" in lieu of the American cause they get frequest flier mileage on one even though the air fare may be higher. This has for many years been a "perk" to corporate travelers but that is also slowly going away.
      And the company does not want every swinging sales guy / biz traveler calling every damned hotel, airline, rental outfit (just try calling and getting through which is almost IMPOSSIBLE) trying to get the lowest rates.
      They want the sales guys in front of customers not calling all over hell trying to make travel arrangements. Funneling all travel through 1 corporate approved Travel Agency was the way it was done but the future is moving the biz travelelers of the 800 # bimbo's to booking your own on line. The reason I showed up here on this board was right after we got the corporate edict that TA 800# bimbo's were out, Expedia was IN !

    • this is not a stock to go long, or be shorting if you're taking blood pressure medication LOL !

      Pen

    • Well I can't speak for all Fortune 500 companies, but I know a number of them have deals directly with the travel providers. For example, a large drug store chain has a direct pricing deal with Hertz, Delta, American, United, US Air and Marriott. The prices they get are cheaper than what you can get through Expedia or travel agents.

      I think that as companies are pressed to cut costs, they will cut their own deals directly with the travel providers. With the volume some of these companies do, there's no reason to pay a middleman.

      And today if an individual wanted to stay at a Starwood hotel (to cite only one chain), they would only use Expedia to get their price and then call the hotel directly and get 10% off of Expedia's price.

      Don't get me wrong, I have nothing against Expedia, I'm just telling it the way it is.

    • I've heard them same story and don't even doubt it. But the competition is fierce, the profit margin small, and the potential for all of this to become the "UN-flavor of the month" great.

    • I tried to book a flight thru Expedia,last week, they were higher or equal to the airlines. I booked a flight directly with an airline for $242 as opposed to expedia that was $292.

    • EXPE is now focusing on "corporate" accounts which typically have contracts with small regional Travel Agencies. Corporations still spend bookoo bucks flying people around and they are now telling internal empoyee's to use Expedia. It saves the company money and employee's don't have to call an 800 # and spend an hour on the phone with some bimbo trying to make reservations. EXPE will fast become the sector gorilla. Phk Priceline ... that's for high school and college studnets trying to buy cheap ticktes to fly anywhere, any class, any seat fo a short holiday.
      EXPE is king ... long live the king !!!

 
EXPE
86.58+0.68(+0.79%)Sep 29 4:00 PMEDT

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