Online Travel Corporation PLC
5 October 2001
ONLINE TRAVEL CORPORATION ('OTC')
ANNOUNCES ENHANCED DEAL WITH WORLDSPAN
Online Travel Corporation plc (LSE: ONT.L) ('Company' or 'OTC'), the Internet
based travel technology and distribution group, today announced an enhanced
five year deal with leading e-commerce travel supplier, Worldspan.
As part of the deal, OTC will receive an enhanced version of Worldspan's SMI
technology. This technology is included in OTC's Build-Your-Own Holiday and
Fare-Compare systems due to be launched this month.
Mark Jones, CEO of OTC comments 'We are already seeing the benefits of a
long-term relationship with the world's leading e-commerce travel supplier.
Our new booking system allows multiple air-fares to be packaged online with
hotels, villas, car hire and other travel products at discounted rates. We'll
get the benefit of using Worldspan SMI technology to book the flight element
and at increased booking fees. This is positive news, particularly in the
current climate.'
Tim Wright, Staff Vice President - E-Commerce for Worldspan, explained: '
Worldspan process more than 50 per cent of all online travel bookings and it's
important for us to work with other market leaders in the field of e-travel.
We expect the integration of our SMI technology into OTC's new holiday booking
system to bring direct benefits to all parties.'
OTC also announced an increase of gross sales for the month of September of
76% on the previous year.
Jones adds 'Sales in the last few weeks are understandably down from our
original expectations, but our rate of growth continues to be impressive. We
are fortunate to have a large distribution network across three travel sectors
and the large travel suppliers continue to use our extensive customer base to
distribute their products electronically.'
The Company also announced new travel services for The Mirror Group, Yell.com,
Deckchair.com and Cheapflights.com to take the number of OTC client sites to
over eighty.
OTC sites generated over 1.8 million visitors and 1.1m unique monthly users in
August.
- ENDS -
For further information contact:
Online Travel Corporation Plc
Mark Jones, CEO Tel: 00 44 (0) 208 255 2247
Robert Falkner, Finance Director
Noble & Co
Henry Chaplin
Tel: 00 44 (0) 207 367
5600
About Online Travel Corporation, plc
OTC is an Internet based travel technology and distribution business,
providing a comprehensive range of technological solutions, travel products
and ancillary travel services to ISP's, Media and Affinity Groups and
Corporate Organisations. It provides bespoke technology solutions linked to
its wide product range to produce a one-stop travel service through the
Internet, supported by telephone call centres for leisure and corporate
clients to fulfil their travel needs. OTC provides a comprehensive range of
travel products and ancillary travel services, is both a travel agent and tour
operator. OTC strategy focuses on low-cost routes to market with lower
customer acquisition costs compared to that of a mass-market consumer brand
and is focused on selected business areas. OTC has launched some 80 travel
sites with Strategic Partners in the last 18 months and via these partner
sites has access to a potential customer base to over 16 million online users.
OTC is quoted on the Alternative Investment Market of the London Stock
Exchange. Additional information is available at
www.onlinetravelcorporation.com
About Worldspan
Worldspan provides global electronic distribution of travel information,
Internet products and connectivity, and electronic commerce capabilities for
travel agencies, travel service providers and corporations worldwide. The
company's three lines of business are travel supplier services, e-commerce,
and global distribution systems for the worldwide travel industry. The
Worldspan reservations system provides nearly 21,000 travel agencies and other
users worldwide with travel data and booking capabilities for hundreds of the
world's leading travel supplier services. Worldspan is the market leader in
e-commerce for the travel industry, processing more than 50 percent of all
online travel bookings. The company maintains world headquarters in Atlanta,
Georgia. Worldspan is owned by affiliates of Delta Air Lines, Inc. (NYSE:
DAL), Northwest Airlines (NASDAQ: NWAC) and TWA Airlines LLC, a wholly-owned
subsidiary of American Airlines, Inc. Additional information is available at
www.worldspan.com.
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