Thursday, March 24, 2005

Cendant`s hotel web sites set record-breaking pace

Travel Daily News: "Cendant Hotel Group announced that the value of single-day bookings made through its brand Web sites reached the $1 million mark on Feb. 7, three months earlier than last year.

May 17 was the company`s first $1 million day last year.

Year-to-date, Cendant Hotel Group`s Web sites have recorded 21 days exceeding one million dollars in revenue. In terms of overall revenue, the Web sites are exceeding last year`s booking pace with a 38 percent growth in revenue year over year.

'At this rate, our Web sites may break the 2004 record of 52 million-dollar days for the year,' said Peter Strebel, Cendant Hotel Group executive vice president and chief marketing officer. 'This is a testament to the success of our efforts to make our Web sites more user-friendly and streamlined in the rebounding travel market.' "

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