Hotel Reservations Network the leading provider of discount hotel accommodations worldwide, and MasterCard International announced a strategic alliance, naming the payments association the preferred global payment brand for three of its wholly-owned hotel booking sites, [http://www.hoteldiscount.com] , [http://www.180096hotel.com] , and [http://www.travelnow.com] .
Under the terms of the agreement, MasterCard and HRN will jointly develop and promote special hotel offers available exclusively to MasterCard cardholders. The first promotion currently underway, for example, offers consumers a rebate of $25 when using a MasterCard card to purchase a minimum 3-night stay at any of the 4,500 global partner properties available online through HRN. HRN is the Internet’s largest source of discount accommodations worldwide, providing access to more than 4,500 premiere properties in more than 178 major destinations in North America and Western Europe.
“MasterCard enjoys a long and successful history of bringing the benefits of our global brand to our cardholders, member financial institutions and merchants, such as Hotel Reservations Network,” said Fred Gore, senior vice president of North America Acceptance, MasterCard International. “Our alliance with HRN will provide MasterCard cardholders a vast, worldwide selection of differentiated lodging properties and a consistent value when they pay with their MasterCard card on the Internet.”
“The agreement is a great opportunity for MasterCard cardholders to take advantage of HRN’s incredible hotel values in great locations, as well as our availability of rooms during popular sold-out periods,” stated Bob Diener, president of Hotel Reservations Network. “We are happy to be able to help travelers lower their costs, not only by offering the lowest available rates, but also by extending MasterCard cardholders the first of many exclusive promotions, a further $25 rebate on any stay of 3 nights or more when they use their MasterCard card.”
As part of the agreement, HRN will promote MasterCard as its preferred payment brand through its communications vehicles to consumers, including point-of-sale materials as well as through its websites. In addition, MasterCard will promote HRN’s 4,500 properties on its website.
The alliance with HRN represents a key addition to MasterCard International’s travel category strategy. Over the past five years, MasterCard has created an impressive network of partners that provide consumers with a wide variety of options when purchasing travel, both online and at the retail merchant. This latest agreement solidifies MasterCard’s continued commitment to working with the travel community to uncover new ways to deliver MasterCard cardholders greater choice and value.
About Hotel Reservations Network
Hotel Reservations Network, a majority-owned subsidiary of USA Networks, Inc.’s (Nasdaq: USAI) Interactive Group, is the leading provider of discount hotel accommodations worldwide, providing service through its own Web sites (http://www.hoteldiscount.com , [http://www.180096hotel.com] , [http://www.condosaver.com] , [http://www.travelnow.com] , [http://www.acenethotels.com] , and [http://www.allluxuryhotels.com] ), more than 23,000 affiliated Web sites, and three toll-free call centers (1-800-96-HOTEL). HRN provides travelers with a one-stop shopping source for hotel pricing, amenities and availability. HRN also specializes in providing travelers with accommodations for sold-out periods.
About MasterCard International
MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard, Cirrus and Maestro. More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. An association comprised of more than 20,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard’s award- winning Priceless advertising campaign is now seen in 80 countries and in 40 languages, giving the MasterCard brand a truly global reach and scope. With more than 22 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At September 30, 2001, gross dollar volume exceeded US$704 billion. MasterCard can be reached through its World Wide Web site at [http://www.mastercard.com] .