Diapositive 1

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Electronic Channels
E L E C T R O N I C C H A N N
E L S
C O N S U M E R S
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With Different Net Revenue Implications
111.45
92.91
108.60
90.40
111.00
79.50
115.00
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The Battle for Control of Distribution
Supplier Initiatives
Third Party Distributors
Distribution To
Airline Websites Brand Websites Property
Websites Orbitz Opodo TravelWeb
Expedia Travelocity Hotels.com Priceline GDSs
Consumers
Travel Agents