Too many new travel web sites?
The growth of travel web sites in the past year has soared by 25%, according to research from Internet Security Systems.
Their research found that more than half of the world’s travel websites, or 60.4%, are found in the US, said Hotelmarketing.com.
Germany was a distant second with 12.9%, followed by Great Britain at 5%.
Does this indicate there are too many web travel start-ups that has created a bubble, asks writer Katie Fehrenbacher in GigaOM?
“With Americans spending $78 billion on online travel this year, it is hard not to think about getting a piece of the action by focusing on small niches or offering special services,” she writes.
Online travel calls for relatively little capital, which makes it attractive to many investors, she says. But she adds recent bomb-plot arrests in Britain could curtail some online business.
Report by David Wilkening
David
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