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Set Record-Breaking Pace |
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| PARSIPPANY, N.J. (March 23, 2005) � Cendant Hotel Group today announced
that the value of single-day bookings made through its brand Web sites
reached the $1 million mark on Feb. 7, three months earlier than last year.
May 17 was the company�s first $1 million day last year. Year-to-date, Cendant Hotel Group�s Web sites have recorded 21 days exceeding one million dollars in revenue. In terms of overall revenue, the Web sites are exceeding last year�s booking pace with a 38 percent growth in revenue year over year. �At this rate, our Web sites may break the 2004 record of 52 million-dollar days for the year,� said Peter Strebel, Cendant Hotel Group executive vice president and chief marketing officer. �This is a testament to the success of our efforts to make our Web sites more user-friendly and streamlined in the rebounding travel market.� Cendant�s hotel Web sites are www.daysinn.com, www.super8.com, www.ramada.com, www.travelodge.com, www.howardjohnson.com, www.knightsinn.com, www.wingateinns.com and www.amerihostinn.com. Cendant�s Hotel Group, based in Parsippany, N.J., is the world�s largest lodging franchisor with 6,408 hotels representing 521,241 rooms on five continents. All hotels are individually owned and operated under franchise agreements with Cendant subsidiaries. |
| Contact:
Jennifer Zimmerman
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