{"id":33599,"date":"2006-07-03T05:45:39","date_gmt":"2006-07-02T21:45:39","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/07\/03\/cendant-sells-its-travelport-subsidiary\/"},"modified":"2006-07-03T05:45:39","modified_gmt":"2006-07-02T21:45:39","slug":"cendant-sells-its-travelport-subsidiary","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/07\/03\/33599\/","title":{"rendered":"Cendant Sells Its Travelport Subsidiary"},"content":{"rendered":"<p>Cendant has agreed to sell its travel distribution services subsidiary, Travelport, to an affiliate of The Blackstone Group.<!--more--><\/p>\n<p>\"As a private company, Travelport will now have considerably greater financial latitude and firepower to take advantage of burgeoning opportunities in the travel market,\" said Jeff Clarke, Travelport's president and CEO. \"Our unmatched global reach and local expertise, together with our strong management team and unique portfolio of assets, is a great combination for future success in the flourishing travel space.\"<\/p>\n<p>Travelport is an integrated, focused leader in a dynamic $6 trillion industry that processes over 100 million transactions annually. It has a network of more than 8,000 employees across more than 140 countries and provides access to more than 400 airlines, 75,000 hotels, 28,000 car rental locations and 8,000 tourist attractions.<\/p>\n<p>\"I believe Travelport is poised to become the most relevant global brand in the travel industry,\" said Gordon Bethune, Travelport's Chairman. \"Whether you're a traveler, travel professional or travel supplier, Travelport will offer more ways for its customers to create and enjoy exceptional travel experiences.\"<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cendant has agreed to sell its travel distribution services subsidiary, Travelport, to an affiliate of The Blackstone Group.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33599","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33599"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33599\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}