Internet Travel
80% of Web travel sites will fail
Online travel industry’s sales expected to increase to 29 billion by 2003.
25% of traditional travel agents are expected to lose their jobs
The likely dot-com survivors are expected to be companies such as Expedia.com and Priceline.com
Source: Investment Bank Bear Stearns
Bass Hotels: Online Internet bookings forecast this year:
$ 150 million. Forecast 2005: $1.5 billion.
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