Expedia, Choice Sign 3-Year Deal
-- Hotels, 11/11/2009 5:29:00 PM
PRESS RELEASE
Choice Hotels International (NYSE: CHH) and Expedia, Inc., the world's leading online travel company (Nasdaq: EXPE), today announced they have signed a new three-year agreement to include Choice Hotels International properties on the more than 80 Expedia(R) and Hotels.com(R)-branded sites that Expedia operates worldwide.
"We're pleased to be working with Choice in an agreement that respects the guiding principles which we operate under," said Dara Khosrowshahi, CEO of Expedia, Inc. "We welcome Choice back into our marketplace, and look forward to delivering value to their franchisees."
"Choice Hotels and Expedia worked together to establish a new agreement that is mutually beneficial and enables hotels in the Choice system to effectively manage their businesses," said Stephen P. Joyce, president and CEO of Choice Hotels International.
Hotels within the Choice system worldwide can participate in the Expedia marketplace and within a week will start to be available on Expedia.com and Hotels.com sites worldwide, and later on Hotwire.com.
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I sure hope Choice protected their backside from taxing authories coming to collect fees on taxes paid by Expedia vs. those on what Expedia charged their consumers!
J Jacobson - 2009-12-11 12:45:00 PST -
Woohoo! I eagerly await details about the terms they reached. While Choice may have had to give in a little, at least they got some positive PR out of this.
Patrick - 2009-12-11 12:27:00 PST
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