Expedia.com Expedia Corporate Travel Gives Customers Enhanced Hotel Deals with New Expedia Corporate Rates

BELLEVUE, Wash. – August 3, 2004 – Expedia® Corporate Travel, a full-service travel management company operated by Expedia, Inc., today announced the Expedia® Corporate Rate program for its base of more than 1,500 corporate customers. Expedia® Corporate Rates provide business travelers and corporations with access to corporate-friendly room rates at properties such as Kimpton Hotels, along with additional features that enhance the business travel experience from end-to-end.

Expedia® Corporate Rates round-out the Expedia® Corporate Travel robust menu of searchable hotel options, which now include a company's own negotiated rates, select Expedia® Special Rates and other published rates. Expedia® Corporate Travel works independently with each of its Expedia® Corporate Rate partners to establish a rate that is competitive to the hotel's most corporate-friendly rate. The Expedia® Corporate Rate properties are displayed with rich content and customized hotel information, and list extra features that are provided with the rate. These features can include flexible room cancellation and postponement policies, amenities such as free gym usage and broadband Internet, and the ability to earn loyalty points during the stay.

"The program offers business travelers and corporations a truly flexible and value-driven booking experience that is enhanced by Expedia Corporate Travel's own travel technology and hotel expertise," said Richard Markus, general manager of supplier relations for Expedia® Corporate Travel. "Expedia Corporate Rates also deliver a unique and highly visible tool for hotel partners to reach a vast audience of new customers, who can now search for more competitive and corporate-friendly rates."

Kimpton Hotels is adding its unique collection of boutique hotels to the Expedia® Corporate Rate program to form a more open and direct business channel between its individual properties and customers that use Expedia® Corporate Travel as a single source for business travel. "Expedia Corporate Rates allow Kimpton to visually showcase each of our hotels' individual offerings at a competitive price that includes amenities and features designed specifically for business travelers," said Jimmy Suh, vice president of revenue management and distribution at Kimpton Hotels. "We recognize that the needs of the corporate traveler are different from leisure travelers and believe that the Expedia Corporate Rate program offers an excellent way to reach Expedia Corporate Travel's growing customer base."

For more information on Expedia® Corporate Travel, please visit http://corporate.expedia.com or call 1-866-328-0110.


About Expedia® Corporate Travel

Expedia® Corporate Travel is a full-service travel management company operated by Expedia, Inc., the world's leading online travel service and the fourth largest travel agency in the U.S. Expedia® Corporate Travel brings together the best of technology and corporate support in a single-source solution that drives down costs. Business travelers have access to specialized tools, while companies can take advantage of rich management and reporting features. Expedia is a wholly-owned subsidiary of IAC/InterActiveCorp (NASDAQ: IACI). CST: 2029030-40





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