REDMOND, Wash., Feb. 24, 1997 — Microsoft Corp. today announced that online travel reservations through the Microsoft® Expedia
travel service (http://expedia.MSN.com/) have reached $1 million in air, hotel and car bookings during a seven day period – an electronic commerce milestone for the product.
“This is an important achievement,” said John Neilson, vice president of the interactive service media group at Microsoft. “Expedia is helping people take control of their travel planning needs, and we are continuing to build the service as a cornerstone of Microsoft’s electronic commerce initiative.”
Launched Oct. 22, Expedia has experienced rapid growth and now sells more than $100,000 in daily travel transactions. Thousands of new customers continue to register with the award-winning service every day.
Online travel continues to shine as one of the hottest areas in Internet commerce. According to New York-based Jupiter Communications, online travel transactions will amount to more than $3 billion by 2000 and currently account for nearly 50 percent of the $2.3 billion spent online.
Located on the World Wide Web at (http://expedia.MSN.com) and in the Essentials section of MSN
, The Microsoft Network, Expedia is a travel reservation service that empowers consumers to research travel destinations around the world and make air, hotel and car rental reservations online (connect-time charges may apply).
Founded in 1975, Microsoft (NASDAQ
) is the worldwide leader in software for personal computers. The company offers a wide range of products and services for business and personal use, each designed with the mission of making it easier and more enjoyable for people to take advantage of the full power of personal computing every day.
Microsoft, Expedia and MSN are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.
The Microsoft Network is operated by Microsoft Corp. on behalf of Microsoft Network LLC.
Other product and company names herein may be trademarks of their respective owners.
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