World's Leading Online Travel Company Makes Significant Investment in
Leading North American Cruise Agency
BELLEVUE, Wash. and VANCOUVER, British Columbia, March 30 /CNW/ --
Expedia, Inc., the world's leading online travel company, today announced an
investment in and long-term strategic partnership with CruiseShipCenters
International, Inc. Through this partnership, Expedia(R) will broaden its
exposure to offline distribution channels, and CruiseShipCenters' 100 retail
franchise locations and more than 1,500 independent cruise consultants will
benefit in the future from the Expedia inventory of non-cruise travel options
"Cruise is the fastest-growing segment of vacation travel, and we believe
that the high touch model that CruiseShipCenters has successfully built is
vital to the future of the cruise industry," said Mark Kammerer, General
Manager of Cruise, Expedia North America. "This investment by Expedia
acknowledges CruiseShipCenters' long-standing leadership in the cruise
CruiseShipCenters has built a solid reputation as a market leader in
North America's cruise vacation industry, booking more than 20 percent of all
cruises sold in Canada, and delivering an average revenue growth rate of 30
percent per year for more than a decade.
"This alliance greatly enhances the opportunities for our franchise
partners and consultants to serve travelers," said Michael Drever, President
and CEO of CruiseShipCenters International. "We're excited about the
opportunity to leverage Expedia's expertise and inventory access as we grow
the CruiseShipCenters brand in Canada and the US."
About Expedia, Inc.
Expedia, Inc. is the world's leading online travel company, empowering
business and leisure travelers with the tools and information they need to
easily research, plan, book, and experience travel. Expedia, Inc. also
provides wholesale travel to offline retail travel agents. Expedia, Inc.'s
portfolio of brands includes: Expedia.com(R), hotels.com(R), Hotwire(R),
Expedia(R) Corporate Travel, TripAdvisor(R) and Classic Vacations(R). Expedia,
Inc.'s companies also operate internationally with sites in Canada, the United
Kingdom, Germany, France, Italy, the Netherlands, Norway, Sweden, Denmark,
Australia, Japan and China, through its investment in eLong(TM). For more
information, visit http://www.expediainc.com/ (Nasdaq: EXPE).
Established in 1987, CruiseShipCenters International Inc. is one of North
America's leading cruise vacation specialists. The company delivers
outstanding customer service and value through its network of 100 retail
locations, a team of 1,500 professionally-trained cruise consultants, and a
searchable online database of more than 10,000 cruise vacations.
CruiseShipCenters is a founding partner in The Magic Johnson Travel Group, the
first minority focused, home-based travel agent initiative. In 2006, the
company was the winner of the Canadian Franchise Association's Award of
Excellence which recognizes the top franchise system in the country. For more
information, please visit www.cruiseshipcenters.ca.
Expedia, Expedia.com are either registered trademarks or trademarks of
Expedia, Inc. in the U.S. and/or other countries. Classic Vacations is either
a registered trademark or trademark of Classic Vacations, LLC in the U.S.
and/or other countries. hotels.com is either a registered trademark or
trademark of hotels.com, L.P., a subsidiary of hotels.com in the U.S. and/or
other countries. Hotwire is either a registered trademark or trademark of
Hotwire, Inc. in the U.S. and/or other countries. TripAdvisor is either a
registered trademark or trademark of TripAdvisor, LLC in the U.S. and/or other
countries. Other logos or product and company names mentioned herein may be
the property of their respective owners.
(C) 2007 Expedia, Inc. All rights reserved. CST: 2029030-40
For further information:
For further information: Katie Deines of Expedia, Inc., +1-425-679-4317,
firstname.lastname@example.org; or Gwen Hardy, +1-604-484-3279, email@example.com, for
CruiseShipCenters International, Inc. Web Site: