Steve Hafner, former Boston Consulting Group project leader, former executive vice president, consumer travel at launch, co-founder and current CEO of Kayak: The genesis of Orbitz was mainly a consulting engagement that two large airlines undertook to try to extract some of the worth from Expedia’s impending IPO in exchange for access to their fares. In order that they employed Boston Consulting Group to assist body a negotiating approach and then a number of days before the IPO we went and pitched Rich Barton, who was the CEO of Expedia at the time, on the concept of, hey, these airways will come collectively and provide you with unique entry to their fares in alternate for fairness within the firm.
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Then what happened was, on that platform, we determined that it did not need to be request/reply. We would put up a template and it would be fill within the blank. Expertise was beginning to change. We might convince CompuServe and Prodigy to allow those sorts of templates. At the identical time, travel agents had been beginning to actually have a distinct kind of automation on their own desktops.
That may be very meaningful to me and to the rest of our crew. Each day when we are issuing a ticket or reserving a resort, and we do not see it just as folks working. It is a mission that we are actually doing. We’re training the entire nation. We’re bringing China nearer to the remainder of the world. I think travel is a good business. And as a proportion of GDP, the China travel industry still is far decrease than in Europe and the United States. Again, the travel industry will be among the quickest rising industries there.