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...surprisingly, the already battered travel industry is eager to capitalize on the trend. Carroll Rheem, director of research at PhoCusWright, a consulting firm in Sherman, Conn., that follows the travel sector, says pink-slip trips are particularly common among those who receive sizable severance packages - i.e., the lawyers and Wall Street types who are confident they'll find another job soon enough. ?If they have the time and they have the money, people are stepping back after a lay-off and thinking, 'Hey, why not?" she says...

Author: /time Magazine | Title: Pink-Slip Trips: Get Laid Off, Go on Vacation | 5/2/2009 | See Source »

...overall industry is growing less than 5% a year, but the online component is taking share swiftly and growing more than 20% a year. This year 1 in 3 U.S. travelers will book online, up from 15% in 2002 and 20% last year, says research firm PhoCusWright. "Henry (Silverman) was at a big disadvantage" before the Orbitz deal, says Larry Haverty, managing director at State Street Research. Now he not only can share in the industry's robust growth but also use Orbitz to promote and protect his franchises...

Author: /time Magazine | Title: Online Travel: The Race Is On! | 10/25/2004 | See Source »

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