Travel technology stocks – winners and losers in 2010
The past 12 months may have felt turbulent for businesses large and small across the travel, tourism and hospitality sector,but how pleased will those GDS and OTAs be when they see their performances on the public markets?
The past 12 months may have felt turbulent for businesses large and small across the travel, tourism and hospitality sector, but how pleased will shareholders be for those listed on the public markets?
The year started with GDS giant Travelport announcing a return to the public markets, only to withdraw the plans within four weeks to list in London, citing market conditions.
Arguably the leftfield new IPO of the year was that of Kayak. The metasearch engine stunned many in mid-November when it announced plans on the morning of its CEO’s appearance at the PhoCusWright that it would be seeking a listing in New York.
This came against the backdrop of the proposed Google acquisition of ITA Software (Kayak’s tech partner), a move vehemently opposed by Kayak through its membership of the FairSearch coalition.
So how did Amadeus and some of those already listed on public markets around the world fare during 2010?
Read the full story at:http://www.tnooz.com/2010/12/28/news/travel-technology-stocks-winners-and-losers-in-2010/