Tags: Meltdownomics / Booking Sites / → All Tags
Financial Fallout Travel: Online Booking Hurting, Too

Over at HotelChatter, the story is all about crumbling hotel stocks. Well guess what? Seems like every business in the world is seeing their values fall faster than models at last week's Prada show.
Online travel booking companies are no exception. Here's the current breakdown, pun certainly intended:
· Expedia: currently $14.71, $33.44 a year ago
· Orbitz: $5.87, $11.27 a year ago
· Priceline: $64.85, $89.31 a year ago
· Travelzoo: $7.71, $23.06 a year ago
Now if anyone can tell us who's actually doing well right now, there's a story. We hear it's the folks selling cans of chicken broth and Bean-O, the new national diet.
But the worst part of all this? We can't stop hearing about staycations.
Related Stories:
· Models Lose It [Daily Mail]
· Booking Sites coverage [Jaunted]
[Photo: Google Finance]

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