Guest Post: Travel slowdown in America will see US giants target Europe and Asia
The US online sector is slowing rapidly and that means that the big US giants are going to turn their attention to Europe and Asia for new growth prospects.
FT journalist David Stevenson, City Insider columnist for Travolution sister website Travel Weekly, turns his attention to online travel’s big hitters from the US and says European competitors had better watch out as they develop new technologies to grab a bigger slice of a lucrative market
If you were an investor you could be forgiven for thinking that the only prominent initial public offering (IPO) during 2012 was social media giant Facebook.
Its new issue of shares has been a disaster of truly epic proportions with investment banks scrambling for cover amidst the blame game – and it’ll probably get much, much worse before it gets any better.