Expedia, Inc. is an Internet travel agency. Based in Bellevue, Washington, USA, it is a subsidiary of IAC/InterActiveCorp. It books airline tickets, hotel reservations, car rentals, cruises, vacation packages, and various attractions and services via the World Wide Web and telephone travel agents.
Founded as a division of Microsoft in 1994, Expedia was spun off in 1999, and was purchased by USA Networks in 2001. (USA changed its name to IAC/InterActiveCorp in 2003.)
Expedia has online points of sale servicing customers in The United States, Canada, The United Kingdom, France, Germany, and Italy. Its primary competitors are Travelocity and Orbitz.
Interactive Corp (IAC) recently announced that it will spin out the travel group of businesses (IAC Travel) as a separate public company. The spinout is expected to occur in the second quarter of 2005.
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