U.S. Online Travel Agencies 3Q11: International Markets Stay Resilient

Summary

Aggregate total gross bookings for the three public U.S online travel agencies (OTAs) – Expedia, Orbitz and Priceline grew in 3Q11. However, macro conditions are becoming convoluted – slowing sales constrained domestic gross bookings, but overseas business remains resilient, particularly in Europe, where economic woes loom large.