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Expedia to Purchase Orbitz Worldwide for $1.6B

Online travel agency Expedia announced it has entered into an agreement to acquire Orbitz Worldwide Inc., including all of Orbitz’s brands, for $12 per share in cash. This represents an enterprise value of about $1.6 billion.

J.D. Power and Associates Ranks Independent Travel Websites

The 2012 Independent Travel Website Satisfaction Report finds that consumers visiting independent travel websites most often book flight reservations (61%), followed by hotels (57%), rental cars (28%) and vacation packages (16%). Among these options, consumers who book a rental car rank the second highest in the overall purchase experience satisfaction ratings.

Summer Travel Outlook ‘On Solid Footing’

Surveys from both the U.S. Travel Association and Orbitz show that summer leisure and business travel should increase in 2012 compared to 2011, with 154 million Americans planning to take at least one leisure trip over the next six months.

Car Rental Discounts Available through CouponSnapshot

CouponSnapshot compiles online coupons, deals and special offers from thousands of merchants, and partners with, Marriott, Enterprise, CheapOair, Avis, Budget, Expedia, Priceline, Orbitz and Travelocity, among many others.

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