Advertisement
YOU ARE HERE: LAT HomeCollections

News, Tips & Bargains

Internet Feels Effects of Economic Slowdown

July 15, 2001

The nation's economic quivering sent a ripple through the online travel industry from April to May, according to the Forrester Online Retail Index, but those who think the Internet sky is falling "are dead wrong," an analyst says. The value of airline, hotel and car rental bookings made on the Internet declined nearly $295 million, according to Forrester. But the drop "simply reflects" the "overall softness in consumer leisure travel," says Henry Harteveldt, a Forrester senior analyst.

Advertisement
Los Angeles Times Articles
|
|
|