Word: expedia
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...prices fall, easing pressure on the economy, Miller expects the somnolent stock market to revive. Among the companies he thinks will benefit are banking behemoths like J.P. Morgan Chase and Citigroup. He's also wagering that Internet company Expedia will profit from increased online travel bookings and that other consumer plays, like Sears Holdings and Home Depot, will rebound as concerns over high fuel costs fade...
...prices fall, easing pressure on the economy, Miller expects the somnolent stock market to revive. Among the companies he thinks will benefit are banking behemoths like J.P. Morgan Chase and Citigroup. He's also wagering that Internet company Expedia will profit from increased online travel bookings and that other consumer plays, like Sears Holdings and Home Depot, will rebound as concerns over high fuel costs fade...
...much for a summer getaway. A new survey by online travel company Expedia reports that a record 421 million vacation days will go unused this year; 31% of us will not use all our vacation, and the average worker will leave three days on the table (up from two in 2003). For one-third of the work force, the longest vacation will be seven days or less. That's good news for employers, who will save about $54 billion. But that's not so great for the travel- and-leisure industry, which is scrambling to reverse the trend. Expedia...
...everyone. Price pressure from major hotels' and airlines' own online operations means Web-based operators "need to be big," says Evolution Securities analyst Robin Chhabra. "Scale is very, very important." No need to remind Sabre's rivals. U.S. firm Cendant, which swallowed up U.K.-based ebookers last year, and Expedia's parent IAC/InterActiveCorp could yet come up with counterbids for lastminute.com. Also in line to team up are American online stockbrokers. Sliding trade volumes and fierce competition for fees point to "further consolidation" among America's online brokerages, Joe Ricketts, chairman of Ameritrade Holding, admitted last week. Ricketts hailed...
Since Peluso, 33, became CEO of online travel firm Travelocity in December 2003, her most visible achievement may be its irreverent ad campaign featuring the Roaming Gnomean abducted lawn fixture from North Carolina with a conical red hat. In the real world, despite competition from Expedia and Orbitz , the Sabre subsidiary has also proved unforgettable, posting $4.9 billion in travel bookings for 2004 and $500 million in revenue. Next on her itinerary: Travelocity Europe and two joint ventures, Singapore's Zuji and Japan's Tabini...