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Hotwire is a discount travel website. The website offers low-priced air tickets, hotels, car rentals, and discounted prices for travel and vacations. Hotwire is headquartered in San Francisco, California, and it is operated by Expedia, Inc. Expedia, Inc. also operates Hotels.com, ClassicVacations.com and Egencia websites.
Hotwire was founded in 2000 by Eric Gross, Carl Peterson, Greg Brockway, Spencer Rascoff and six major airlines: American, Northwest, Continental, West America (American Airlines) and United. of.
Hotwire’s first financing came from a $75 million venture capital fund of Texas Pacific Group, a leading private equity investment company. In September 2003, IAC/InterActiveCorp announced the acquisition of Hotwire.com for US$663 million.
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