Smaller rivals are not without advantages. Phocuswright senior director for research Maggie Rauch drove the point home, reviewing the extinction of big, lumbering dinosaurs that, when faced with a catastrophic crisis, were ill-equipped to find the small, niche paths to survival that birds and mammals were able to exploit. The irony of the example ­- Expedia a dinosaur? - could not have been lost on legacy travel agency executives who time and again had endured similar comparisons early in the history of this 23-year-old travel-tech conference. Indeed, the leading legacy sellers of travel at the dawn of the web, American Express and Carlson Wagonlit, were surpassed on the Travel Weekly Power List a decade ago by OTAs, but they have nonetheless managed to hold on to spots No. 3 and No. 5, respectively. Perhaps more to the point, many "traditional" agencies on the list are less than 20 years old. Get the full story at Travel Weekly