CHICAGO, IL and BEDMINSTER, NJ — Orbitz for BusinessTM, a unit of Cendant Corporate Travel Solutions Group and Verizon Wireless, the nation's leading wireless service provider, today announced that Verizon Wireless has chosen Orbitz for Business as its Internet Travel Management Solution, making Orbitz for Business a leading provider of Internet travel management services to the fast-growing wireless industry.
Verizon Wireless, selected Orbitz for Business in an effort to decrease travel costs while providing an enhanced web-based alternative travel reservation solution for its business travelers.
"Cendant Corporate Travel Solutions has quickly gained acceptance by industry-leaders such as Verizon Wireless who want to shift to online booking and still receive great customer service," said David Falter, president, Cendant Corporate Travel Solutions Group. "As the first full-service corporate product launched by an online travel agency, Orbitz for Business has a proven track record of helping companies control their spending and significantly increasing employee adoption of booking over the Internet."
Verizon Wireless joins a diverse and expanding list of large and small companies in the manufacturing, professional services, pharmaceutical, publishing and technology industries ---including McDonald's, Knight-Ridder, Ace Hardware and Sybase---that have chosen Orbitz for Business as their travel management program.
About Orbitz for Business
Orbitz for Business, the first full-service, Internet travel management program, offers companies of all sizes the same industry-leading functionality and ease-of-use provided by Orbitz.com, along with innovative functionality and service features specially addressing the needs of business travelers and corporate travel managers. Our end-to-end solution provides lower transaction costs, lower average ticket prices, access to a wide choice of low fares and rates and a superior customer care experience.
About Cendant Travel Distribution Services
Cendant Corporation's (NYSE: CD) Travel Distribution Services Division, is one of the world's largest and most geographically diverse collections of travel brands and distribution businesses. The division, employing nearly 5,000 people in more than 115 countries, includes: Galileo, a leading global distribution services (GDS) company, serving more than 44,000 travel agencies and over 60,000 hotels; hotel distribution and services businesses (TRUST, THOR, WizCom and Neat Group); leading online travel agencies (Orbitz, CheapTickets®, Lodging.com, HotelClub.com and RatesToGo.com); Shepherd Systems, an airline market intelligence company; Travelwire, an international travel technology and software company; Travel 2/Travel 4, a leading international provider of long-haul air travel and travel product consolidator; online global corporate travel management solutions, through Travelport and Orbitz for Business.
About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 43.8 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To receive broadcast-quality video footage of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
Statements in this press release regarding Orbitz that are not historical facts are forward-looking statements and are subject to risks, assumptions and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Orbitz' actual results to differ materially from those described in a forward-looking statement: Orbitz' ability to retain and attract customers on a cost-effective basis; increasing competition from existing or new competitors; relationships with Orbitz' controlling stockholders and with other travel suppliers; limitations that could affect the expansion of our Supplier Link business; risks relating to our ability to expand our business generally; specific risks that could affect our ability to achieve growth plans for portions of our business, such as hotels; rapid technological change affecting our industry; risks associated with litigation or government regulation; declines, disruptions or events affecting the travel industry; potential fluctuations in our quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed from time to time by Orbitz with the Securities and Exchange Commission for a discussion of these and other important risk factors. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this press release. Orbitz undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or any other reason.