What is Orbitz?
Founded in 2001 and headquartered in Chicago, Illinois, Orbitz, Inc. operates as a comprehensive travel services provider. The company serves as a critical intermediary in the travel ecosystem, offering a centralized digital platform for booking airline tickets, lodging, car rentals, and cruises. By leveraging advanced distribution technology, Orbitz provides travelers with a streamlined interface to navigate complex travel options, thereby enhancing operational efficiency for both consumers and service providers. Its market position is defined by its ability to aggregate vast inventories of travel products, serving a global user base and maintaining a significant presence in the competitive online travel agency (OTA) landscape.
How much funding has Orbitz raised?
Orbitz has raised a total of $660M across 3 funding rounds:
Series A
$100M
Series B
$50M
Stock Offering
$510M
Series A (2000): $100M with participation from Delta Air Lines, AMR Corp., and United Airlines
Series B (2001): $50M led by US Airways, Spirit, Hawaiian Airlines, and The Vanguard Group
Stock Issuance/Offering (2007): $510M, investors not publicly disclosed
Key Investors in Orbitz
Delta Air Lines
Delta Air Lines is a U.S. global airline leader focused on operational excellence, safety, and innovation, serving as a key strategic partner in the travel distribution ecosystem.
AMR Corp.
American Medical Response is a provider of medical transportation services and a subsidiary of Envision Healthcare, bringing operational expertise to the broader transportation sector.
United Airlines
United Airlines operates a comprehensive global route network with major hubs across the United States, playing a vital role in the airline distribution landscape.
What's next for Orbitz?
Looking ahead, the strategic deployment of the $510M is expected to further solidify Orbitz's market dominance and technological capabilities. Given the company's history of major enterprise-level funding, the focus remains on scaling its digital infrastructure to accommodate increasing global demand and diversifying its service offerings. As the travel industry continues to undergo rapid digitization, Orbitz is well-positioned to leverage its established network and capital resources to pursue further innovation in travel distribution, potentially exploring new avenues in personalized travel experiences and integrated booking solutions. The company's ability to maintain strong relationships with major airline partners and institutional investors will be instrumental in navigating the evolving landscape of global travel services.
See full Orbitz company page
