Facebook Versus Google Travel, the Upcoming Travel Wars
With Expedia, Orbitz, and other online travel stocks hovering just above the basement, news of Facebook and Google dancing around the travel niche cannot be thrilling. Online travel, in case you’ve been trapped in a dungeon somewhere, is about to take off like a rocket. For some that is.
Google’s announcement of the acquisition of ITA signaled the cocking of the proverbial hammer, if you are in the business of 21st Century online booking that is. Now enter Facebook, a very interesting interjection into travel dollars indeed. Facebook announced the buyout of the social network NextStop, or rather the expertise and data therein. What can they be up to? Well, a piece of $120 billion dollar online travel pie.