Travelweb Reaches 1 Million Bookings: Founded by hotel chains, owned by Priceline

Travelweb Reaches 1 Million Bookings Milestone For Hotels Service: "Travelweb Reaches 1 Million Bookings Milestone For Hotels"

Travelweb was founded by a group that included five of the nation's largest hotel chains - Hilton, Hyatt, InterContinental, Marriott and Starwood. Today, Travelweb offers specially negotiated, published-price rates for more than 13,000 hotel properties (including its founding partners) in the U.S., Europe, Canada, Mexico and the Caribbean. The Travelweb.com Web site also offers a full lineup of airline tickets, rental cars and vacation packages through links to priceline.com. Priceline.com acquired majority ownership in Travelweb.com in 2004.

Travelweb hotel rooms can be booked through www.travelweb.com, www.lowestfare.com and other participating distributors.

About priceline.com

Priceline.com is a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee. Priceline.com operates the retail travel Web sites Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com. Priceline.com licenses its business model to independent licensees, including pricelinemortgage and certain international licensees.