Interesting description - travelocity & totaltrip...Travelocity's European Joint Venture Acquires German Online Travel Site travelchannel.de

Travelocity®, with 41 million registered users, booked nearly $4 billion of travel in 2003. Every day Travelocity negotiates thousands of great travel deals with the world's most reputable airlines, hotels, car rental companies, cruise lines, ground transportation providers, and popular destination attractions such as theme parks, ski resorts and theaters. Additionally, Travelocity offers access to special rates for weekend getaways and dynamic packages through its Last Minute Deals and TotalTrip(SM) shopping engines, and provides customer service support over the phone 24 hours a day. Travelocity's industry-leading technology and wealth of straight-talking, honest information allows travelers to make informed decisions and have more rewarding travel experiences. Through Travelocity Business(SM), companies can better manage business travel, lowering costs and expanding options for travelers, while the Travelocity Partner Network(SM) further distributes Travelocity's products through an array of channels.

Based in Southlake, Texas, Travelocity also powers international travel Web sites in seven languages and has been recognized worldwide for its consumer advocacy and global leadership in online travel.

Ditto Otto Freizeit und Touristik GmbH (OFT)..."The holding company Otto Freizeit und Touristik GmbH (OFT) includes all tourism-related subsidiaries of the Otto Group. With its combination of retail stores, call center, direct marketing and online presence, OFT is one of the leaders in multi-channel travel distribution.

OFT forms part of the Otto Group, which is operating through some 90 trading companies in 21 countries in Europe, America and Asia. In addition, the group is involved in numerous trade-related service activities. In the financial year 2002, more than 65,000 employees achieved a turnover of 19.2 billion EUR. Today, Otto is the largest mail order group in the world. The Otto Group is the world's number two in online trade, second only to Amazon. Global corporate activities and a variety of strategic partnerships and joint ventures provide Otto with excellent opportunities to transfer know- how and to use the synergy potential available"

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