| Business Summary | | Hotel
Reservations
Network,
Inc.
is
a
consolidator
of
hotel
and
other
lodging
accommodations.
The
Company
contracts
with
lodging
properties
in
advance
for
volume
purchases
and
guaranteed
availability
of
rooms
at
wholesale
prices,
and
sells
these
rooms
to
consumers
often
at
significant
discounts
to
published
rates.
The
Company's
supply
relationships
also
often
allow
it
to
offer
customers
accommodation
alternatives
for
otherwise
unavailable
dates.
In
addition,
through
its
wholly
owned
subsidiary,
TravelNow.com
Inc.,
the
Company
offers
customers
the
ability
to
book
hotel
rooms,
airline
travel
and
car
rentals.
As
of
December
31,
2000,
Hotel
Reservations
Network
had
room
supply
agreements
with
approximately
2,600
hotels
in
97
major
markets
in
North
America,
the
Caribbean,
Western
Europe
and
Asia,
as
well
as
113
vacation
rental
properties
in
17
markets
in
North
America
and
the
Caribbean. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hotel
Reservations
Network
is
an
online
consolidator
of
hotel
accomodations,
contracting
with
hotels
in
advance
for
volume
purchases
and
guaranteed
availability
of
hotel
rooms
at
wholesale
prices
which
are
then
sold
to
consumers.
For
the
six
months
ended
6/30/01,
net
revenues
rose
83%
to
$243.6
million.
Net
income
totaled
$6.5
million,
up
from
$2.9
million.
Results
reflect
increased
room
sales
through
the
Company's
Internet
sites
and
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| David Litman, 42 CEO | $125K | Robert Diener, 41 Pres,
Treasurer | 125K | Mel Robinson CFO and Chief Strategic Officer | -- | Sandra D'Arcy, 52 Exec.
VP | 167K | Shauna Martin, 28 Gen.
Counsel and Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|