Global slowdown in travel likely to be worse than expected
November 05, 2008 | Online Travel
Analysts continue to highlight that the online travel booking business is not going to survive an economic downturn unscathed, writes EyeForTravel.
s Expedia Inc. reported a 4.8 percent drop in quarterly net profit, a report shared that there has been a “scurrying to revalue the online travel stocks”.
“Expedia observed on its post-earnings conference call that the softness the company had been seeing in the US and the UK earlier in the year has now extended to “nearly all” geographies and all key product areas, including air, hotels and car rentals. The company indicated that transactions dropped off during the week Lehman went bankrupt, and have not rebounded much since,” reported blogs.barrons.com. “This morning (October 31), several analysts cut ratings on the stock.”
Get the full story at EyeForTravel
Related Articles
Rate integrity in a down market
02 Jul, 2009 | Hospitality Industry
The incredible shrinking airline
02 Jul, 2009 | Online Travel
Amadeus unveils new mobile solutions
02 Jul, 2009 | Online Travel
Kayak to Bing: Stop copying us!
30 Jun, 2009 | Online Travel
Booking business trips directly from Microsoft Outlook
30 Jun, 2009 | Online Travel
Information key feature for tourism social networking
25 Jun, 2009 | Online Travel
Tech, price, family drive US vacationers
25 Jun, 2009 | Online Travel
Hotel reviews and objectivity
25 Jun, 2009 | Online Travel
Summer travel trends according to hotels.com
23 Jun, 2009 | Online Travel
S.F. 1 Expedia 0
23 Jun, 2009 | Online Travel
Most Popular Articles
How to maximize your hotel’s GDS distribution
30 Jun, 2009 | Hospitality Industry
PKF sees hotel rates continuing to fall in 2010
17 Jun, 2009 | Hospitality Industry
If you discount, do so carefully
18 Jun, 2009 | Hospitality Industry
Summer travel trends according to hotels.com
23 Jun, 2009 | Online Travel
Luxury brands waking to a new reality
18 Jun, 2009 | Hospitality Industry
New hotel review site launches with independent, expert reviews
24 Jun, 2009 | Hospitality Industry
Hotel technology moving into the cloud
24 Jun, 2009 | Hospitality Industry
Destination marketing in the age of Web 2.0 and beyond
16 Jun, 2009 | Online Travel
Information key feature for tourism social networking
25 Jun, 2009 | Online Travel
“Thriving” not just “surviving” in a depressed economy: Tips for the independents
17 Jun, 2009 |
Economic Downturn
Rate integrity in a down market
02 Jul, 2009 | Hospitality Industry
The incredible shrinking airline
02 Jul, 2009 | Online Travel
U.S. spending on travel, tourism dropped 5.9% in first quarter
18 Jun, 2009 | Online Travel
If you discount, do so carefully
18 Jun, 2009 | Hospitality Industry
Luxury brands waking to a new reality
18 Jun, 2009 | Hospitality Industry
Travelocity says book now
17 Jun, 2009 | Online Travel
LHW courting guests discreetly with sweet deals
16 Jun, 2009 | Hospitality Industry
The new normal, according to McKinsey
11 Jun, 2009 | Internet Marketing
Pressure on hotel rates not likely to go away soon
04 Jun, 2009 | Hospitality Industry
Travelocity issues ‘Traveler Confidence’ report
03 Jun, 2009 | Online Travel
New study reveals changes in leisure travelers’ online search behavior
02 Jun, 2009 |
Marriott launches ‘Deal of the Day’, exclusively on Twitter
02 Jun, 2009 | Hospitality Industry
Expedia makes airline no-fee policy permanent, eliminates hotel cancel/change fees
28 May, 2009 | Online Travel
The new high-end consumer
28 May, 2009 | Internet Marketing
Hoteliers most concerned with marketing ROI
26 May, 2009 |
E-Mail Newsletter
Visit our sponsors:
