Orbitz was established in 2001 through a partnership of major airlines.
At the time Orbitz’ competitors banded together to stop the formation of the company on antitrust grounds as the founders represented 80% of the US travel market.
In 2003 the company went public on the New York Stock Exchange under the symbol OWW.
In 2004 the company was acquired by Cendant Corporation for $27.50 per share or $1.25 billion.
Today Orbitz offers diverse travel services such as plane tickets from 400 airlines, lodging at 80,000 hotels, rental car services, cruises, and vacation packages.
Its brands include CheapTickets, ebookers, HotelClub, Rates ToGo, Orbitz for Business, and the Away Network.
Orbitz has 1,300 employees and $854.4 million in revenue in 2013.
OrbitzOrbitz was established in 2001 through a partnership of major airlines.
At the time Orbitz’ competitors banded together to stop the formation of the company on antitrust grounds as the founders represented 80% of the US travel market.
In 2003 the company went public on the New York Stock Exchange under the symbol OWW.
History
In 2004 the company was acquired by Cendant Corporation for $27.50 per share or $1.25 billion.
Today Orbitz offers diverse travel services such as plane tickets from 400 airlines, lodging at 80,000 hotels, rental car services, cruises, and vacation packages.
Its brands include CheapTickets, ebookers, HotelClub, Rates ToGo, Orbitz for Business, and the Away Network.
Orbitz has 1,300 employees and $854.4 million in revenue in 2013.