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Leading national travel company unveils user-friendly Home & Abroad service
NORWALK, Conn., Oct. 2, 2008 – Travelers Advantage, a leading national travel company, has launched a user-friendly new service called Home and Abroad, adding innovative new benefits to its robust menu of popular services.
Travelers Advantage’s Home and Abroad is a next generation, one-stop travel service that offers a variety of new enhancements to its already diverse benefits serving leisure travelers around the globe. In addition to air travel, cruise, car rental and hotel accommodations, Travelers Advantage now offers:
“Travel is a very important part of my life, and as a movie star, actress and author, this new Home and Abroad service will take exotic travel destinations to a whole new level,” said Mariel Hemingway, Travelers Advantage spokesperson.
Other leading-edge services offered through Travelers Advantage include an online reservation center, low-price guarantee, a five percent cash bonus on all booked trips, half-price hotels at more than 5,000 participating establishments and a hotel savings network where members save five to 20 percent at more than 10,000 participating hotels.
“Our new Home and Abroad service further establishes Travelers Advantage on the leading edge of the travel industry, and offers appealing new and valuable services in a competitive industry and anemic economy,” said Leslie Downey, director of communication for Travelers Advantage and TravelersAdvantage.com. “Now more than every, travelers are seeking savings and value, and we continue to deliver.”
Travelers Advantage was recently ranked No. 9 among leisure travel agencies in the 2008 Travel Weekly Power List, a prestigious annual ranking that selects the top 50 companies in the travel industry based on total annual sales revenue. Travelers Advantage shares the spotlight with such industry luminaries as American Express, Expedia, Travelocity, AAA Travel, Orbitz and Priceline. Last year, the company placed No. 10 among leisure agencies, and No. 19 overall.
There are more than 20,000 agencies in the $1.3 trillion travel and tourism industry.*
Since 1985, Travelers Advantage has established itself on the leading edge of the leisure travel market in the United States, serving millions of members, and delivering millions in cash bonuses to travelers worldwide.
Travel and Tourism generates $1.3 trillion in economic activity in the U.S. every year, according to the Travel Industry Association of America. That equates to $3.4 billion a day, $148 million an hour, $2.4 million a minute and $40,000 a second. There were 1.16 billion person trips (one person traveling 50 miles – one way or more away from home and/or overnight) in 2005, and a full 81 percent of those trips were for leisure travel. Top travel activities are shopping, attending social and/or family event and outdoor activities.
About Travelers Advantage
Members of Travelers Advantage (http://www.travelersadvantage.com or 1-800-548-1116) can save money on air travel, cruises, car rentals and accommodations, as well as earn five percent cash back on eligible travel booked with preferred providers through the service. Membership in Travelers Advantage can be enjoyed during the first month for only $1. The trial membership can be canceled at any time during the one-month trial period by calling toll free and owing nothing further. Unless the member calls to cancel during the trial, the membership will be extended automatically for an entire year at the $119.99 annual fee and automatically renewed annually upon expiration at the then-current annual fee, billed to a credit card account, without the member having to do anything further. Additionally, members may call toll free to cancel at any time and receive a pro-rata refund of their then current membership fee. Travelers Advantage is offered by Affinion Group, a leader in the membership, insurance and loyalty marketing businesses, providing products and services that touch the lives of millions of Americans.
*There are more than 20,000 travel agencies in the American Society of Travel Agents and its affiliated organizations. The travel and tourism industry is a $1.3 trillion industry, according to the Travel Industry Association of America.
About Affinion Group
As a global leader with almost 40 years of experience, Affinion Group (www.affinion.com) enhances the value of its partners' customer relationships by developing and marketing loyalty solutions. Leveraging its expertise in customer engagement, product development and targeted marketing, Affinion provides programs in subscription-based lifestyle services, personal protection, insurance and other areas to help generate increased customer loyalty and significant incremental revenue for more than 5,550 marketing partners worldwide, including many of the largest and most respected companies in financial services, retail, travel, and Internet commerce. Based in Stamford, Conn., the company has approximately 4,250 employees and markets in 17 countries globally. Affinion holds the prestigious ISO 27001 certification for the highest information security practices, is PCI compliant and Cybertrust certified.Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995
This press release may contain statements that are forward looking, as that term is defined by the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and releases. These statements include, but are not limited to, discussions regarding industry outlook, Affinion's expectations regarding the performance of its business, its liquidity and capital resources, its guidance for 2011, the consummation of the acquisition of Prospectiv and the impact to Affinion's business and the other non-historical statements in the discussion and analysis. These statements can be identified by the use of words such as "believes," "anticipates," "expects," "intends," "plans," "continues," "estimates," "predicts," "projects," "forecasts," and similar expressions. All forward-looking statements are based on management's current expectations and beliefs only as of the date of this press release and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those discussed in, or implied by, the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, risks related to general economic and business conditions and international and geopolitical events, a downturn in the credit card industry or changes in the techniques of credit card issuers, industry trends, foreign currency exchange rates, the effects of a decline in travel on the Company's travel fulfillment business, termination or expiration of one or more agreements with its marketing partners or a reduction of the marketing of its services by one or more of its marketing partners, the Company's substantial leverage, restrictions contained in its debt agreements, its inability to compete effectively, and other risks identified and discussed from time to time in Affinion's reports filed with the SEC, including Affinion's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Readers are strongly encouraged to review carefully the full cautionary statements described in these reports. Except as required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events or circumstances.