Expedia.com Expedia Wins Top Awards From Yahoo! Internet Life and MIT Technology Review’s TR 100
BELLEVUE, Wash. – June 17, 2002 – Expedia, Inc. (Nasdaq: EXPE) the world’s leading online travel service, continues its travel industry leadership with its recognition from Yahoo! Internet Life magazine, which awarded Expedia.com® as “Best Overall Travel Site,” as well as MIT’s Technology Review magazine which named Expedia® president and CEO, Richard Barton as one of the world’s 100 top young innovators. The honors praise Expedia for providing consumers with a breadth of travel services and superior technology.
In the June 2002 issue of Yahoo! Internet Life, Expedia was named a “Gold Star Site” and the “Best Overall Travel Site.” Expedia won the top prize beating competitive sites due to features such as custom-built trips, which meet the individual needs of the consumer, as well as its online and e-mail customer alerts which provide customers with information about airline and weather status which may impact travels. “Expedia’s tools and tabs consistently work the way they’re intended, inspiring consumer confidence. This year, the site introduced the Web’s most flexible build-your-own vacation packages” (Yahoo! Internet Life, June 2002).
Additionally, Expedia president and CEO, Richard Barton, is named one of the world’s 100 Top Young Innovators in the June 2002 issue of MIT’s Technology Review. Chosen annually, the TR100 awards consists of 100 individuals whose innovative work in business and technology has a profound impact on today’s world. Barton is recognized for his vision and leadership, and for helping drive a technology-led revolution in the travel industry. “Under his [Barton’s] leadership as CEO, Expedia developed an award-winning algorithm that compares prices on billions of flight combinations…” (Technology Review, June 2002).
“Being acknowledged by MIT’s Technology Review as one of the top 100 innovators is a tremendous honor that is wholly attributable to the remarkable team we have at Expedia,” said Richard Barton, president and CEO of Expedia, Inc. “Receiving recognition from MIT’s Technology Review and Yahoo! Internet Life recognizes our vision to provide travelers with the powerful and flexible tools that they need to plan their whole trip – whether that means having access to hundreds of flight search options or securing tickets to a Broadway show.”
About Expedia, Inc.
Expedia, Inc. (NASDAQ: EXPE) is the world’s leading online travel service and the seventh largest travel agency in the most recent travel agency rankings. To meet the needs of travelers around the globe, it operates Expedia.com in the United States and localized versions throughout Europe and Canada. Expedia.com helps travelers travel right with a wide variety of travel products and services, such as Expedia® Special Rate hotels and vacation rentals with the guaranteed lowest prices. Expedia is a majority-owned subsidiary of USA Interactive (NASDAQ: USAI).
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