Re Joint Venture

Online Travel Corporation PLC
27 July 2001


ONLINE TRAVEL CORPORATION ('OTC')

SIGNS EXCLUSIVE EUROPEAN DEVELOPMENT DEAL WITH RESORTQUEST INTERNATIONAL, THE
WORLD'S LARGEST VACATION RENTAL PROPERTY COMPANY

Online Travel Corporation plc (LSE: ONT.L) ('Online Travel' or 'OTC'), the
Internet based travel technology and distribution group today announced it has
partnered with ResortQuest International, Inc. (NYSE: RZT) ('ResortQuest'),
the world's largest vacation rental property management company, to be the
exclusive developers of ResortQuest's expansion into the European market.

Online Travel will retain majority ownership of the European expansion and
ResortQuest will receive a percentage of revenues derived from trips booked in
Europe.

ResortQuest will also grant Online Travel a license to access their portfolio
of over 20,000 vacation rental properties in the U.S., plus all relevant
proprietary technology for multi-channel sales, administration and fulfillment
procedures. Online Travel will also implement a comparable version of
ResortQuest's established quality rating system for all European properties.

Tommaso Zanzotto, Chairman of Online Travel, said, 'Partnering with
ResortQuest is a fantastic opportunity for OTC to increase our customer base
as well as offer a whole new range of exclusive products to our customers. Our
focus to date has been on specifically tailored, flight-based travel packages
designed to meet each client's needs. Now we will have the ability to build
off of ResortQuest's leadership and success in the U.S. market and offer a
variety of lodging accommodations, both in Europe and the United States. There
is no question that developing a roster of properties through ResortQuest in
Europe will yield cross-sales in both Europe and the United States.'

David Levine, Chairman, President and Chief Executive Officer of ResortQuest,
commented 'This partnership will be a significant way for ResortQuest to
expand our outreach into new markets. Online Travel, like ResortQuest, is the
market leader in its field and this arrangement will enable ResortQuest to
increase our revenues substantially without bearing the costs associated with
expansion. We believe we are an excellent fit with Online Travel because we
share strong brand name recognition, have developed excellent management
software, employ a sound and successful business strategy and have a strong
and loyal customer base.' David Levine, continued, 'Resortquest has enjoyed
great success in bringing vacationers to the United States from Europe, and we
took great care in choosing a company to partner with in Europe to help build
upon that success. Ultimately we recognized the strength of the Online Travel
model and the leadership of Tommaso Zanzotto, OTC Chairman. As a result, we
think there is great upside in building this international bridge and
delivering value to our property owners, guests and shareholders.'



                                   - ENDS -



For further information contact:


Online Travel Corporation Plc

Mark Jones, CEO                                     Tel: [phone]
Robert Falkner, Finance Director


Buchanan Communications
Nicola How / Isabel Petre                           Tel:  [phone]


Noble & Co
Chris Barker
                                                    Tel: [phone]


Resortquest:

Investor Relations Contacts:
ResortQuest International
Mitch Collins / David Selberg                       Tel:  [phone]


Media Contacts:
Sloane & Co.
Jennifer Ritter                                     Tel:  [phone]
Dan O'Connor                                        Tel:  [phone]



About On Line 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 70 travel
sites with Strategic Partners in the last 18 months and via these partner
sites has access to a potential customer base to over 15 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 ResortQuest International

ResortQuest International, the first brand name and 'real-time' online booking
service (www.resortquest.com / AOL Keyword: ResortQuest) in vacation
condominium and home rentals and sales, provides a one-stop resource in 50
premier resort destinations in the U.S. and Canada. ResortQuest is the world's
largest vacation rental property management company, based on a portfolio of
over 20,000 vacation rental properties with a combined real estate value
estimated in excess of $7.0 billion.