Travelocity.com is set to announce a new, stronger hotel price guarantee and a reduction in hotel booking fees, marking the latest salvo in the battle of the online travel sites: Travelocity.com, Orbitz.com and Expedia.com.
As an active online traveler living in India, I have had, if not a front row seat, at least a window seat with a pretty good view of the country’s vibrant, online travel sector. As detailed in PhoCusWright’s Asia Pacific Online Travel Overview Third Edition, India’s online travel marketplace is characterized by intense competition and entrepreneurial energy. The report adds that India will “emerge a winner in the online space.”
The mood of euphoria among online travel agencies did not start to dissipate until the end of last year, but now it has definitely made way for a more sombre outlook. Investors are keen to see e-travel businesses enter profit as quickly as possible, but so far there`s little sign of that.