Online Travel Agencies 4Q and Full Year 2011: Global Growth Remakes the Market

Summary

The fourth quarter of 2011 was no walk in the park for the global travel industry. Rising fuel prices and airfares, a stronger U.S. dollar and the ongoing financial drama in Europe affected companies worldwide and continue to raise a question mark over 2012. Online travel agencies (OTAs), however, delivered mostly strong performances despite the uncertainties, with solid growth in international markets fueling global gains.

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