Monday, November 29, 2004

Last Minute buddies up to travel agents

Times Online - Sunday Times

"Lastminute.com’s boss and the last of the internet musketeers" Brent Hoberman, "is launching a new Lastminute service called Holiday and More. It will let travel agents do dynamic packaging - the latest industry buzzword for an old-fashioned package holiday assembled not from the products of one travel group, but several."...The Times points out that the amount Lastminute "pays in commission to agencies has gone up from £45m to £69.5m," and that it has lost most of it's top talent plus it has "a weakening balance sheet"...

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