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On-line Tourism Industry is Facing Global Challenges

2009-11-10

Online tourism industry is facing global challenges.

(Beijing Sina News on December 8, 2008) European and American consumers have substantially reduced online purchase of air tickets and hotel expenditure by entering December as compared with the past. On-line tourism industry is facing global challenges.

According to research firm ComScore, a famous online travel agencies' network traffic rapidly reduced by 25% in October. "According to the economic situation in the past six weeks, the fourth quarter prospects of the online travel industry is expected to encounter a significant deterioration." said by the online travel site Orbitz CEO and president Steven Barnhart.

ComScore's survey in October showed that more than half of U.S. consumers said they would change their travel plans this year, and 40% consumers said they will stay at home instead of traveling throughout the winter.

(Issued on Dec. 9, 2008, by China Fact Tours)

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