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US $150.00

Online Travel Agencies 1Q09: Outperforming in a Recession

June 2009
US $150 CA $151 £99 €111

Generally when a company reports a double-digit decline in gross sales, that is not a good thing. So when shares of the two largest online travel agencies (OTAs) – Expedia and Orbitz – rallied on the days of their 1Q09 earnings calls to the tune of about 24% and 17% (respectively), this revealed just how bad things are for the travel industry in 2009.

Table of Contents

TABLE OF CONTENTS ^top

5 Pages

Down, But Less Than Everybody Else

Global Recession Slams International Growth
OTAs: No Restraint Amid the Recession