LastMinute uses Expedia Inventory
Travelocity is better known amongst the European Hotel industry for its LastMinute brand.
It would appear that LastMinute has given up the ghost contracting with hotels (ie knocking on hotel doors and getting them to manage rates and availability in their extranet) and has done a deal to display Expedia inventory on their website.
So far this only appears to be happening for the American Market and does not affect the European Market. We have asked LastMinute for clarification on this and will post it here if we get anything.
We will leave it to the Press Pundits to make further predictions.