Travel Sites Get Boost from Four-Star Hotels at Three-Star Prices

23/08/2010 15:54

As summer began, the online travel business was facing some serious turbulence.

Frugal U.S. consumers were grounded by rising airfares. A Greek debt crisis and a plunging euro threatened to limit travel in Europe, a major growth market for online travel.Further complicating worldwide travel was political unrest in Thailand, a popular destination, and volcanic ash that shut down European air travel.

In the last two months, however, the outlook has brightened considerably, as demonstrated by the performance of major Web travel stocks.

Get the full story at: BusinessWeek

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