Travel News: Expedia to merge with Orbitz – The Expedia Travel Monopoly.
Expedia has built the largest travel booking empire and are not relenting at consolidating this.
Recently, the company purchased Travelocity, they have also bought Hotels.com, Hotwire.com, Quikbook.com, and Trivago.
Industry regulators are not favourably inclined to this monopoly, recently the American Lodging and Hotel association criticized this merger saying it will severely reduce the consumer choices in the online marketplace.
The consumer watchdog have also come out to criticize this plan, as it is seen as a way of limiting consumers from having access to a fair price. The merger plan itself was announced in February, but has since suffered a lot of set back and presently been reviewed by the U.S Justice department.
But if this plan sails through, this see yet another massive buy up in the travel industry, with the acquisition set at a wooping $ 1.3 billion dollars.