Travel Sites Get Boost from Four-Star Hotels at Three-Star PricesBy
As summer began, the online travel business was facing some serious turbulence. Frugal U.S. consumers were grounded by rising airfares. A Greek debt crisis and a plunging euro threatened to limit travel in Europe, a major growth market for online travel. Further complicating worldwide travel was political unrest in Thailand, a popular destination, and volcanic ash that shut down European air travel.
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