07/08/2008

News Update - August 7, 2008

Source: m-travel.com...

Over 300 Senior Executives Sign up to Hear Orbitz, Expedia, Priceline and Travelocity Debate the Future of Online Travel ...
In the last 6 weeks over 300 travel executives have signed up to attend the Travel Distribution Summit North America, being held on October 1-2 in Las Vegas. And with another two months before the event, hundreds more senior-level travel...

"We will see mergers and acquisitions happening early in 2009"...
EyeforTravel's Beijing 2008 Olympics Special The continuing fillip to consumer power, reduction in technology costs and easing of entry barriers are some of the global trends paving way for new business models including ones in the online travel distribution.

British Airways executives to face price-fixing charges...
The Office of Fair Trading is reportedly preparing to press price-fixing charges against four former and current British Airways executives.

Orbitz Worldwide reports a narrower Q2 loss...
Online travel company Orbitz Worldwide Inc. narrowed its loss in the second quarter as the company posted a loss of $5 million, compared with a loss of $32 million in the same period last year.

TripSay moves into public beta...
TripSay, a new travel service, has announced the official release of its public beta.

OpenTravel announces new projects teams ...
The OpenTravel Alliance has formed nine project teams for the second half of 2008, dedicated to solving travel distribution business problems with XML schema.

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