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Yahoo launches new travel service

US Internet search engine Yahoo today launched a travel service that promised to find the best deals on airfare and hotels, the company said.

The 'Yahoo Farechase' website differed from a travel service in that it scoured internet websites to compare prices being offered online for flights or lodging, according to the California-based firm.

'This is the first time a search engine for travel pricing and a search engine for travel experiences have come together in a single product,' said Jasper Malcolmson, director of Yahoo Travel. 'The new Yahoo FareChase will help people plan better trips with access to the most relevant real-time information,' he added.

Tools on the site allow people to create itineraries, map routes and share insights gleaned from their travels.