This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Expedia Unveils New Reward Plan For Small Business

SAMANTHA BOMKAMP

NEW YORK (AP) â¿¿ Expedia is starting a rewards program for small business travelers who carry Chase credit cards.

The world's largest online travel agency already has customers such as everyday vacationers and corporations. The new program is aimed at the crucial small-business segment.

Under the program, which is being announced Wednesday, Ink for Chase cardholders will earn $100 for every ten hotel nights. That is on top of frequent traveler rewards they earn separately through an airline or hotel.

The program also will allow small businesses to monitor and manage their staff travel without having to buy a system like larger businesses do, Expedia Inc. said. The agency has designed a "dashboard" view that allows owners and staff to see all trips at once.

Besides its online travel agency, the Bellevue, Wash. company operates corporate travel-management business Egencia, Hotels.com and a number of other sites.

In an interview with The Associated Press, Expedia Inc. CEO Dara Khosrowshahi said the idea for a program focused on small business came out of a customer analysis.

"We saw some power-users out there â¿¿ booking 50 or 100 trips a year. Turns out they were travel arrangers for small businesses," he said.

Small businesses, those with fewer than 500 employees, make up more than half of all companies in the U.S., according to the Small Business Administration. But less than one-third of all business travelers use a corporate system to book travel, according to travel industry research firm PhoCusWright.

That suggested more tools were needed for businesses to track travel.

Expedia's closest competitor, Orbitz Worldwide Inc., launched its own small business-focused product in March. Orbitz for Business Express offers a dedicated booking website with special rates and company travel expense reports.

Expedia's Khosrowshahi said he isn't overly concerned about a slowdown in business travel growth as the economy remains shaky. That's because of the importance of meeting in person.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs