Hotels.com's Vacation Rental Division Condosaver.com Reaches New Milestone; Condosaver Now Offers Savings at 1,000 Vacation Rental Properties

Business Wire, August 26, 2003

Business Editors/Travel Writers

DALLAS--(BUSINESS WIRE)--Aug. 26, 2003

Hotels.com, (www.hotels.com) the largest specialized provider of discount lodging worldwide, announced today it's vacation rental division Condosaver.com, now offers substantial savings, as much as 70 percent off published rates, at 1,000 vacation rental properties worldwide. Condosaver.com provides travelers the best values in condominiums, villas and private-homes in more than 125 of the top vacation destinations throughout the U.S., Hawaii, Caribbean, Mexico and Europe. The milestone comes as Condosaver.com celebrates its third anniversary.

"We have one of the most comprehensive, if not the best, online vacation rental programs in the travel industry," stated Bob Diener president and co-founder of Hotels.com. "Condosaver.com provides travelers with easy access to the highly fragmented condominium, villa and private-home rental market in many of the top vacation destinations worldwide. The vacation rental market is one of the fastest growing in the travel industry and Condosaver.com has grown exponentially since its launch in August 2000. Our growth can be attributed to our breadth of accommodations, the substantial savings and availability we offer even during peak and holiday periods."

A current sample of Condosaver.com's (www.condosaver.com) discounted rates includes a one-bedroom condominium at the Olde Gatlinburg Place in Gatlinburg, Tenn. From $85.95; a junior suite at the Point Pleasant Resort in St. Thomas from $99.95; a one bedroom suite at the Gulf Shores Surf and Racquet Club in Gulf Shores, Alabama from $65.95; a studio at the Citadines Barbican in London from $129.95.

About Hotels.com

Hotels.com is the largest specialized provider of discount lodging worldwide, providing service through its own websites (including www.hotels.com and others), more than 36,000 affiliated websites, and its toll-free call centers (1-800-2-HOTELS). Hotels.com provides accommodations to travelers at over 8,000 properties in more than 360 markets in North America, Europe, the Caribbean and Asia. The company offers a one-stop shopping source for hotel pricing, amenities and availability, and also specializes in providing travelers with accommodations for sold-out periods. Hotels.com is an operating business of IAC/InterActiveCorp (NASDAQ: IACI).