Onlline Travel spots in a decline?
Just read in the business section of the paper today that many online travel sites are taking a huge hit and their stocks are declining - Expedia, Trip Advisor and especially Priceline.
Do you think this is due to the economic situation in the US and Europe or do you think that, like the housing market, these types of sites were in a bubble and now that bubble is bursting?
I don't usually use these sites but I did use Expedia to book my local airfare in Mexico (could not pass up the AARP discount).
A few years ago, you would read that "brick & mortar" travel agencies were hurting due to the online travel sites but now I have started to see some articles about folks going back to the b&m agencies for the personal service.