Publication Summary

The PhoCusWright Online Travel Agency Index continued to outperform in February, more than doubling the growth of the broader market metrics.The February highlights: 1) Performance was all about Priceline after yet another surprisingly strong quarter, 2) Of the nine index components, only one other (Ctrip) outperformed the market, and 3) Notable on the downside was TripAdvisor, with concern emerging over its modest profit outlook for 2012.