Hotwire.com
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| Headquarters | , United States |
| Products | Airline travel Car rental services Hotel reservation Vacation packages |
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| Parent | Expedia Group |
| Website | www |
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Hotwire is an American travel website that offers airline tickets, hotel rooms, rental cars, and vacation packages. It operates by selling off unsold travel inventory at discounted prices. The company is headquartered in San Francisco, CA, Hotwire, Inc. is an operating company of the Expedia Group.[1][2]
History
Hotwire was launched in 2000, by Karl Peterson, Eric Grosse, Gregg Brockway, and Spencer Rascoff. Initial funding came by founding partner Texas Pacific Group (TPG), a leading private equity firm that Karl Peterson used to work for, that invested an initial $75 million into Hotwire.[3] Hotwire first offered tickets from six major airlines, that also invested into Hotwire's launch: American, Northwest (now Delta), Continental (now United), America West (now American), United, and US Airways (now American).[4][5] Prior to its formal launch, Hotwire was codenamed Purple Demon.[6]
In September 2003, IAC/InterActiveCorp, which had acquired Expedia in 2001, announced its acquisition of Hotwire.com for $663 million.[7] In 2004, an internet research firm estimated that through cross-advertising between Hotwire and Expedia, IAC was able to reach a total of an additional 1.5 million unique visitors to both websites monthly.[8]
Company affairs
Leadership
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Karl Peterson, one of Hotwire's four founding members, served as Hotwire's first CEO. In 2006, Hotwire was overseen by Founder and CFO (2004-2006) Eric Grosse. In January 2009, Eric Grosse became President of Expedia Worldwide and Clem Bason took over as President of the Hotwire Group.[9][10]
References
Page Template:Reflist/styles.css has no content.
- ^ Page Module:Citation/CS1/styles.css has no content.Rosenbloom, Stephanie (February 25, 2015). "Booking Flights and Hotels: Online Agents or Direct?". The New York Times. ISSN 0362-4331. Retrieved February 21, 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Washington Post: The frugal traveler's essential list of budget travel hacks". The Washington Post.
- ^ Page Module:Citation/CS1/styles.css has no content."Hotwire Launch to Provide Yet Another Way to Offload Cheap Inventory". World Airline News. September 8, 2000. Archived from the original on March 13, 2006.
- ^ Page Module:Citation/CS1/styles.css has no content.Wade, Betsy (November 12, 2000). "TRAVEL ADVISORY; New Web Site Offers Discounts on 6 Airlines". The New York Times. ISSN 0362-4331. Retrieved February 19, 2019.
- ^ Page Module:Citation/CS1/styles.css has no content.Schaal, Dennis (2016). "The Definitive oral history of online travel". Skift. Retrieved June 15, 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."Can purple demon avoid Orbitz errors?". Elliott.org. July 5, 2000. Archived from the original on June 24, 2018. Retrieved March 11, 2008.
- ^ Page Module:Citation/CS1/styles.css has no content.Julia Angwin; Staff Reporter of The Wall Street Journal. "InterActiveCorp to Buy Hotwire, As Online-Travel Push Continues". WSJ. Retrieved February 19, 2019.
- ^ Page Module:Citation/CS1/styles.css has no content.Tedeschi, Bob (July 5, 2004). "E-Commerce Report; InterActiveCorp is finding ways to cross-promote its properties and increase its customer base". The New York Times. ISSN 0362-4331. Retrieved February 19, 2019.
- ^ Page Module:Citation/CS1/styles.css has no content."Clem Bason press release". Archived from the original on March 1, 2009.
- ^ Page Module:Citation/CS1/styles.css has no content."Management team". Hotwire. Archived from the original on July 5, 2009.
External links
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