ONE-STOP TRAVEL SHOPPING ON THE WEB
ONE OF THE HOTTEST USES OF the Web, it seems, is delivering travel-related services. Microsoft Corp., for instance, recently launched a service called Expedia, which offers information about many global destinations and automatically scans the market for low airfares.
The latest competitor is www.biztravel.com, a well-funded New York venture founded by several industry veterans. One of its services lets travelers inquire about the frequent-flyer mileage and hotel points they have accumulated. In February, it will help book airline and hotel reservations, too. The editor-in-chief is Edward G.L. (Ted) Carter, who in the 1970s turned a former Rockefeller family retreat in the Adirondacks into a fancy hideaway called The Point. His new job is to oversee bizTravel's public discussion groups and travel-related articles. The president and chief executive is John I. Williams Jr., a former senior vice-president at American Express Co.'s travel unit. Backers such as Intel Corp., Informix Software Corp., and several venture funds, have put up a total of $11.6 million.
EDITED BY JOHN W. VERITY
Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.