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The Market Is a Jealous Mistress: Online Travel News Is Bright, But Stocks Sag
Analysts: Tim Mullaney
PhoCusWright's Ecosystem Index | Published: June 2012
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Publication SummaryThe online travel industry is having a good month, but the stock market's broader malaise and euro fears are delaying any reward for its performance.Expedia in particular put up impressive earnings, and Priceline continued to coax enough European consumers onto the road to defy the conventional wisdom that the agency must eventually be hurt by the financial panic. Still, the PhoCusWright Online Travel Ecosystem Index (PTEI) was down in the month that ended June 1.
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