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Rental car exec is very happy about his industry’s mergers and rising prices
TransportThere’s been so much self-satisfied talk among airline executives of late about how mergers have righted the industry to a proper size, but hold on — at least one car rental official believes his industry is “right-fleeted,” as well. After all, Avis Budget acquired Avis Europe in 2011, Hertz completed its $2.3 billion acquisition of [...]
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Expedia is worried about the 21 class-action lawsuits it’s facing
DigitalExpedia Inc. says 21 putative class-action lawsuits have been filed in the U.S. against itself, other online travel agencies, and major hotel chains over competition issues as they relate to hotel pricing. These lawsuits are playing out in state and federal courts across the country, Expedia states. All of the suits, Expedia says, reference the [...]
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U.S. travel spending slowed growth in second quarter
TransportTravel and tourism spending grew in the second quarter of 2012, and so did gross domestic product, but their growth rates slowed when compared to the first quarter. Both did not react equally, though: The growth in travel and tourism spending decelerated much faster than the slowed growth in GDP. Those are some of the [...]
