Cendant Acquires Trip Network

NEW YORK -- Cendant Corp., parent company of Avis and Budget, has acquired the common stock of Trip Network Inc. from an independent business trust. Terms were not disclosed.

Trip Network is the fourth largest online travel agency behind Expedia, Travelocity and Orbitz. Trip Network was established in March 2001 and began operating CheapTickets.com and Trip.com in October 2001 through licensing agreements with Cendant, following the company's acquisitions of Cheap Tickets and Galileo International, which owned Trip.com.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>