TravelNow.com Affiliate Program Expands to Over 9,000 Members; 5,000 Affiliate Members Added Since January 2000
SPRINGFIELD, Mo.–(BUSINESS WIRE)–Nov. 29, 2000
TravelNow.com (NasdaqSC: TNOW), offering a worldwide database of reservation information and booking capabilities, announced today that its affiliate program has expanded to over 9,000 members. From January to November 2000, the TravelNow affiliate relations team has added over 5,000 new members to the program.
Hotel bookings through affiliate Web sites have increased 251% from January to October 2000 compared to the same period last year, boosting affiliate-generated commissions 327% as well.
“We have been dedicated to expanding our affiliate program and enhancing our booking technology this year. Both those aspects of our business have added to the success of TravelNow in 2000,” stated Jeff Wasson, CEO of TravelNow. “We consider our affiliates partners in our business. They have played a key role in our growth. We are committed to growing the relationships with our affiliates through expanding content and distribution channels.”
The TravelNow.com affiliate program offers access to one of the largest databases of reservation information on the Internet, which includes hotel rooms, airfare, car rentals, cruises, and European rail passes. In addition, the system contains net rates, many of which are available only through TravelNow. Companies also receive the flexibility of XML and private-label customization allowing members to retain the brand of their existing Web sites while adding booking capabilities.
TravelNow has an affiliate relations team devoted to marketing to and integrating new members. To become an affiliate, a company can create an account and have access to the reservations system within minutes. Additional information on the TravelNow affiliate program is available on their Web site at http://affiliate.travelnow.com.
Launched in 1995, TravelNow (NasdaqSC: TNOW) was among the first real-time hotel reservation services on the Internet. TravelNow was the first Internet travel site to provide consumers with the capability to initiate a wireless hotel reservation and was ranked #1 for online hotel bookings by Top9.com in October 2000. Through its system of affiliates, TravelNow provides competitive rates for more than 40,000 hotels in 5,000 cities and 140 countries. The company offers discounts of up to 65 percent on over 700 hotels in almost every major city and up to 40 percent on over 7,000 hotels around the world. In addition, TravelNow facilitates car, air and cruise reservations at www.travelnow.com. For investor relations or press information please visit http://investor.travelnow.com or contact James Forte or Vicki Banner at KeatingPR at 973-376-9300.
Information in this press release contains forward-looking statements that involve risks and uncertainties that might adversely affect the Company’s operating results in the future to a material degree. Such risks and uncertainties include, without limitation, the ability of the Company to raise capital to finance the development of its software products, the effectiveness and the marketability of its services, the ability of the Company to protect its proprietary information, and the establishment of an efficient corporate operating structure as the Company grows. These and other risks and uncertainties are presented in detail in the Company’s Form 10-KSB, which was filed with Securities and Exchange Commission on October 12, 1999. This information is available from the SEC or the Company.
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