DALLAS--(BUSINESS WIRE)--Jan. 13, 2003--Travelweb LLC marked a year of unparalleled success and forward momentum in 2002. The online hotel distributor -- founded in February 2002 -- reported exponential first-year growth by securing agreements with more than 4,000 hotels worldwide and by adding five leading online travel sites as distributors for the extensive array of retail and discount hotel room inventory. Travelweb LLC is owned by Hilton Hotels Corporation, Hyatt Corporation, Marriott International, Inc., Six Continents Hotels, Starwood Hotels and travel technology provider Pegasus Solutions, Inc. and was created to completely change the landscape of retail and discount hotel distribution and booking online.
"It's official, the Travelweb LLC model is a success," said Joe Humphry, chief executive officer of Travelweb LLC. "The hotel industry has recognized the need for a more efficient and cost-effective way to manage their inventory on the Internet. Our impressive hotel room inventory and affiliate distribution channels are testament to the value, trust and superior technology built into the industry-leading Travelweb LLC automated model."
2002 - A Year in Review
In only 11 months since its inception, Travelweb LLC has inked net-rate distribution agreements with some of the most prominent hotel companies reservation service providers in the world, including:
-- Aston Hotels & Resorts
-- Delta Hotels and Resorts
-- Grupo Posadas
-- Ian Schrager Hotels
-- Kimpton Boutique Hotels
-- Manhattan East Suites
-- Millennium & Copthorne
-- Omni Hotels
-- Outrigger Hotels & Resorts
-- Preferred Hotels & Resorts
-- Radisson Hotels & Resorts
-- Raffles International
-- Sterling Hotels
-- Summit Hotels & Resorts
-- Sunterra Resorts
-- Wyndham International
Reservation Service Providers
-- Lexington Services Corporation
-- SynXis Corporation
-- VIP International
Additionally, Travelweb LLC has enlisted an impressive roster of leading third-party affiliate travel Web sites for distribution of retail and discount hotel inventory to consumers. The company's affiliate partners include:
-- Continental Airlines
2003 - The Year Ahead
In 2003, Travelweb LLC expects to see continued dynamic growth through additional upcoming hotel and affiliate distribution agreements, especially with companies in international markets. As more of these deals are signed, Travelweb LLC will offer an even larger inventory base worldwide and will further expand the distribution reach it provides to its hotel partners.
Travelweb LLC also plans to introduce a powerful new version of the Travelweb.com consumer site that will serve as a one-stop shop for consumers to access the best rates on hotel rooms and other travel products.
"As we enter 2003, Travelweb LLC will build on its successful momentum from 2002 and aggressively expand into new travel markets to provide consumers with a comprehensive selection of net rates for wherever their travels take them," said Humphry. "We will continue to spread our message to the global hotel and travel industries to showcase the cost- and time-savings that Travelweb LLC's direct, automated model makes possible."
Why Travelweb LLC's Model Works
The first of its kind in the hotel industry, Travelweb LLC's model enables hoteliers to offer consumers the most current discounted hotel rooms directly from hotels' central reservations systems (CRS) and to dynamically allocate retail and discount inventory that has generally not been available to consumers through online travel sites in the past. This direct connection to hotels eliminates the error-prone manual method of faxing reservation requests to the property and helps ensure a smooth hotel stay for consumers. Travelweb LLC's model also benefits affiliate travel Web sites by bolstering their hotel offerings to consumers through a private-label hotel product, which ultimately contributes to increased revenues.
About Travelweb LLC
Travelweb LLC, owned by Hilton Hotels Corporation, Hyatt Corporation, Marriott International, Inc., Six Continents Hotels, Starwood Hotels, and travel technology provider Pegasus Solutions, Inc., offers an innovative new method for the online distribution of hotel rooms.
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