In tough times for travel business, Europe holds steady
November 26, 2008 |
The U.S. travel industry is preparing for a painful holiday season as Americans reduce their discretionary spending. But in Europe the holiday season is holding up well, travel agents say, with people reluctant to forego their year-end break with family and friends. That, however, is likely to change in the new year.
"January is still a question mark," said Fabio Cannavale, chief executive of Bravofly, one of three biggest European online booking agencies, which is selling 2,500 short-distance and 100 long-distance plane tickets a day. "What I expect are very good deals from airlines."
Americans who have yet to book a winter getaway are already benefiting, as hotels, airlines and cruise operators introduce last-minute deals to entice vacationers.
Holidays are the busiest time of year for most travel companies, a season when they command the highest rates for popular winter destinations.
Get the full story at International Herald Tribune
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