Zacks Industry Outlook Highlights: Priceline, Expedia, Orbitz Worldwide and TripAdvisor

 Zacks Industry Outlook Highlights: Priceline, Expedia, Orbitz Worldwide and

PR Newswire

CHICAGO, March 14, 2013

CHICAGO, March 14, 2013 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. eCommerce, including Priceline (Nasdaq:PCLN), Expedia (Nasdaq:EXPE),
Orbitz Worldwide (NYSE:OWW) and TripAdvisor (Nasdaq:TRIP).


A synopsis of today's Industry Outlook is presented below. The full article
can be read at 


The top travel booking sites are,,,, (recently acquired by Priceline),, and Since and Kayak are part of Priceline
(Nasdaq:PCLN) and both and part of Expedia
(Nasdaq:EXPE), this narrows down the top companies in the segment to
Priceline, Expedia, Orbitz Worldwide (NYSE:OWW) and Travelocity. However,
there are several others worth considering, such as TripAdvisor (Nasdaq:TRIP),
which was spun off from Expedia.

According to a report by PricewaterhouseCoopers, the improving economy will
result in a 1.8% increase in demand for U.S. hotel reservations this year,
which along with a 0.8% increase in hotel supply will lead to higher occupancy
rates (62.0%). As a result, RevPAR will be up 5.9%. However, most players have
extensive operations in Europe and a growing presence in Asia, which means
that they will be affected by growth rates in these regions as well.
PricewaterhouseCoopers expects RevPAR growth to slow down in Europe, although
some cities will see growth while others (most notably London and Madrid) will
see declines.

The global travel market grew 4% in 2012 and is expected to grow another 2-3%
this year. The Asia/Pacific region is expected to see the strongest growth (up
6%), followed by Europe and South America (mainly Brazil) at 2% each. North
America (mainly U.S. is expected to be flat this year [World Travel Monitor

Smartphones are playing a key role in travel purchases, especially for last
minute purchases. eMarketer expects smartphone travel researchers to grow from
23.7% of total online travel researchers in 2011 to 53.9% in 2016. Similarly,
smartphone travel purchasers are expected to grow from 12.6% in 2011 to 32.5%
in 2016.

Another report by PhocusWright mentioned that when online penetration of the
travel market reached 35% in any country, growth rates were likely to slow
down to single-digits. The research firm mentioned that only the U.S., U.K.
and Scandinavia had reached this level of penetration and most other markets
across Europe, Asia and Latin America would continue to show good growth

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