<PAGE> 1
Filed by Travelocity.com Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Act of 1934
Subject Company: Travelocity.com, Inc.
SEC File No. 333-95757
FOR RELEASE: Monday, March 6, 2000
TRAVELOCITY.COM SIGNS AFFILIATION AGREEMENT WITH HOTEL
RESERVATIONS NETWORK AND RECEIVES WARRANTS
HRN TO PROVIDE DISCOUNTED HOTEL OFFERINGS ON TRAVELOCITY.COM
FORT WORTH, Texas - Travelocity.com, the online travel expert, today
announced it has signed a multi-year affiliation agreement with Hotel
Reservations Network (Nasdaq: ROOM), a USA Company (Nasdaq: USAI).
Travelocity.com will integrate a wide array of HRN's negotiated discounts
through Travelocity.com's hotel offerings. As part of the agreement, HRN has
issued Travelocity.com a significant amount of warrants to purchase its common
stock.
"This partnership allows Travelocity.com to provide access to discounts of
up to 70 percent from many of the world's best known hotels in the most traveled
to cities and participate in the stock appreciation of the leader in discount
hotel rates," said Terrell B. Jones, President and Chief Executive Officer of
Travelocity.com. "We are clearly taking our hotel offerings to the next level."
In addition to Travelocity.com's current offerings of more than 46,000
hotel properties, this alliance will provide Travelocity.com members with
real-time access to discounted rates in the most popular destinations, such as
New York, Las Vegas and Orlando, at the more than 1,500 properties, ranging from
chain hotels to independent boutique properties, offered by HRN in 40 major
cities worldwide.
This partnership will offer Travelocity.com members a seamless way to
access HRN's reduced rates from brands such as Hilton, Sheraton, Holiday Inn,
Ramada, Marriott, Hyatt, Days Inn, Omni, Best Western, Radisson, Howard
Johnson's, Wyndham and many others.
<PAGE> 2
HRN is a leading online consolidator of hotel accommodations, providing
service through its websites, affiliated websites and toll-free call center. HRN
provides travelers with a one-stop shopping source for hotel pricing, amenities
and availability. HRN also specializes in providing travelers accommodations for
sold-out periods in major cities. In addition to its Internet-based business,
HRN runs a call center at 1-800-96-HOTEL, operating seven days a week, 24 hours
a day.
About Travelocity.com
Travelocity.com, the leading online travel Web site, provides reservations
capabilities for 95 percent of all airline seats sold, more than 46,000 hotels,
more than 50 car rental companies and more than 70,000 vacation packages. This
reservations capability is paired with access to a vast database of destination
and interest information. To date, Travelocity.com has sold more than 3.6
million airline tickets and since its launch in March of 1996, Travelocity.com
has registered more than 10 million members and logs more than 150 million page
views per month.
In October 1999, the company announced plans to merge its Travelocity.com
business with Preview Travel to form a new company, Travelocity.com. The
transaction is expected to close in the first quarter 2000. The proposed merger,
which has received regulatory approval, is subject to customary closing
conditions and requires the approval of Preview Travel's stockholders. Sabre
will have a 70 percent ownership in the new Travelocity.com. With merger
proceedings underway, Travelocity.com and Preview Travel announced combined
gross booking of $1.19 billion in February 2000.
Sabre is the global leader in applying information technology to meet the
needs of the travel and transportation industries with advanced and innovative
technology skills to deliver progressive solutions. Headquartered in Dallas/Fort
Worth, Texas, the company has more than 10,000 employees worldwide who span 45
countries. More information on Sabre is available on the World Wide Web at
http://www.sabre.com. Sabre and the Sabre logo are registered trademarks of an
affiliate of Sabre Inc.
<PAGE> 3
INVESTOR NOTICE
Investors are urged to read the proxy statement/prospectus included in the
Registration Statement on Form S-4, filed with the Securities and Exchange
Commission (SEC) in connection with the proposed merger because it contains
important information. The proxy statement/prospectus is available free of
charge on the SEC's Web site (www.sec.gov), from Travelocity.com's Corporate
Secretary, and from Preview Travel's Office of Investor Relations.
In addition, the identity of the people who, under SEC rules, may be
considered participants in the solicitation of Preview Travel, Inc. stockholders
in connection with the proposed merger, and a description of their interests, is
available in the proxy statement/prospectus.
# # #
Contacts:
Travelocity.com Inc.:
Dawn Caesar/Judy Haveson
[email protected]/[email protected]
Vollmer
512-472-3515
