ASIA-HOTELS.COM JOINS FLAIRVIEW TRAVEL
February 17, 2005

Press Release
SYDNEY 17 FEBRUARY 2005 – Flairview Travel, Asia Pacific’s leading online accommodation wholesaler and operator of websites www.HotelClub.com and www.RatesToGo.com, has reinforced its commitment to the growing tourism markets of Asia, by joining forces with Asia-hotels.com. Through this new integration, Flairview Travel will be firmly positioned for further growth with a base of over 6 million customers accessing its services monthly.

Flairview Travel has seen tremendous growth in the Asian market with hotel bookings increasing by 500% over the last twelve months. In a move to consolidate its leadership position and deliver increased Asian content to its customers, Flairview Travel has selected Asia-hotels.com as a channel for expansion in the Asian market.

This move allows the two companies to concentrate on core competencies while providing opportunities to leverage on respective unique strengths: Flairview Travel’s involvement will allow Asia-hotels.com to utilize the HotelClub.com and RatesToGo.com technology and multi language booking services; while Asia-hotels.com will be able to devote resources in the Asian markets where it has extensive knowledge of the marketplace. This collaborative strategy will be rolled out under the leadership of Leon Kamenev, Managing Director of Flairview Travel.

“ There are clear inventory and technology synergies between both companies as we share the same focus on delivering user-friendly booking services to consumers and building long term relationships with hotel suppliers. By pairing with Asia-hotels.com, Flairview Travel is taking a significant step towards consolidating its position in Asia Pacific,” said Leon Kamenev, Managing Director, Flairview Travel.

“ This is excellent news for all involved. By combining our hotel inventory and content, with the extensive content available through Flairview Travel, then delivering this content through Flairview Travel’s multiple distribution networks including travel agents and affiliate programs, we are pursuing significant growth opportunity for our hotel partners as well as providing our customers with wider variety of accommodation choices,” said Jon Stonham, Co-founder and CEO, Asia-hotels.com.

Flairview Travel, part of Cendant Travel Distribution Services (Cendant TDS), is Asia Pacific’s leading online accommodation provider with over 16,500 hotels worldwide and 5 million unique visitors to its websites - HotelClub.com and RatesToGo.com - each month. It generated gross bookings of over US$430 million in 2004.

Asia-hotels.com joined Cendant Travel Distribution Services (Cendant TDS) in 7 February 2005. Co-founders of Asia-hotels.com Jon Stonham, based in Hong Kong, and Riyaz Moorani, based in Manila, have assumed new roles within Cendant TDS.

For further information please contact:
Chloe Lim
Director of Marketing
Flairview Travel
Tel: +61 2 8263 5106
Fax: +61 29264 0559
Email: chloe@flairview.com

About Flairview Travel
Flairview Travel Pty Ltd, a wholly owned subsidiary of Cendant Corporation and part of Cendant Travel Distribution Services Division, is a world leading global accommodation e-wholesaler and specialist distributor of hotel room inventory over the Internet. Flairview Travel was established in 1995 and has since held the position of Asia Pacific’s leading online accommodation provider. The company operates two websites – HotelClub.com (www.HotelClub.com) and RatesToGo.com (www.RatesToGo.com).Flairview Travel is recognised as one of the few highly successful and profitable e-commerce businesses - experiencing up to 500% year on year growth since 1999. Flairview Travel has expanded operations beyond Asia Pacific, opening offices in 2001 throughout Europe and in North America in 2003. Flairview Travel currently operates ten offices worldwide in Australia, France, Germany, Hong Kong, Italy, Russia, Spain, Switzerland, the United Kingdom, the United States.

About Asia-hotels.com
Asia-hotels.com is the leading Asian specialist hotel guide and reservations service. With over 800,000 unique monthly users and 50,000 customer comments the web site offers independent advice on hotels and destinations throughout Asia. Over 500 hotels are inspected annually by staff to provide deep and insightful content to assist users in selecting a hotel. Asia-hotels.com independent opinions on hotels extends to the best selling Asia's Best Hotels and Resorts guide published in association with leading travel publisher, Insight Guides.

About HotelClub.com
HotelClub.com (www.HotelClub.com) is a full service website offering hotel bookings for up to 12 months in advance. It offers users the choice of over 10,000 hotels – at savings of up to 60% – in 51 countries and 1400 cities worldwide. HotelClub.com is available in eight languages – Chinese (traditional and simplified), English, French, German, Italian, Japanese and Spanish.

About RatesToGo.com
RatesToGo.com (www.RatesToGo.com) is a last minute accommodation booking service featuring rates that are up to 70% less than usual hotel rates. RatesToGo.com offers bookings up to three weeks in advance (similar sites offer 14 days in advance) at over 6500 properties, ranging from two to five star. RatesToGo.com covers 900 cities across 30 countries in Asia Pacific, Europe and North America. RatesToGo.com also offers customers a lowest rate guarantee - find a cheaper deal and RatesToGo.com will match it. RatesToGo.com is available in nine languages– Chinese (traditional and simplified), English, French, German, Italian, Japanese, Portuguese and Spanish.

About Cendant Travel Distribution Services
Cendant’s Travel Distribution Services Division, is one of the world’s largest and most geographically diverse collections of travel brands and distribution businesses. The division, employing nearly 5,000 people in more than 115 countries, includes: Galileo, a leading global distribution services (GDS) company, serving more than 44,000 travel agencies and over 60,000 hotels; hotel distribution and services businesses (Trust, THOR, WizCom and Neat Group); leading online travel agencies (Orbitz, CheapTickets®, Lodging.com, HotelClub.com and RatesToGo.com); Shepherd Systems, an airline market intelligence company; Travelwire, an international travel technology and software company; Travel 2/Travel 4, a leading international provider of long-haul air travel and travel product consolidator; and online global corporate travel management solutions, through Travelport and Orbitz for Business.