| San Francisco, Calif.
� July 16, 2003 � Discount travel Web site Hotwire.com today announced
that it concluded its record-breaking second quarter, ended June 30, 2003,
with $195 million in gross bookings, up 64 percent over the first quarter
of 2003. The company reported positive net income for the quarter
of $2.5 million.
Hotwire also reported strong sequential quarterly growth across each of its product lines:
�Our growth trends in 2003 are among the top in the industry, making us the fastest-growing discount travel site today, � said Karl Peterson, Hotwire president and CEO. �Strong consumer demand for deeply discounted air, hotel and car products, as well as the introduction of new offerings such as vacation packages, will drive continued growth and profitability.� Mr. Peterson continued, �Vacation package sales are evolving as a rapidly-growing segment of online travel, and we were able to jump on to this trend by creating a unique deeply-discounted bundled product. In just two months, packages now account for nearly 10 percent of our overall volume.� Along with vacation packages, Hotwire also recently announced the launch of its last-minute Weekender package product, which bundles discount hotel rooms, rental cars and opaque air into short-notice weekend trips. Weekender packages include time windows for flight departures and exact hotel details. About Hotwire.com
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