Mixed Bag in Online Travel Short Sales (May 2007) (PCLN, EXPE, TZOO, CTRP)

Stock Tickers: PCLN, EXPE, TZOO, CTRP

The online travel sector is a bit of an odd bird.  The travel sector itself is of course very cyclical and one of the first expenses that can be trimmed without taking a hit to your status is lavish travel.  Not all travel of course, but the high end travel.  Because of the growth in online activities, online travel has been a bit of a perpetual growth sector.  With Orbitz being potentially back on the IPO radar, we wanted to see what was happening in short selling in the online travel sector.

Stock (Ticker)                    MAY        APRIL  CHANGE
Expedia (EXPE)             14.97M    14.83M    0.9%
Priceline.com (PCLN)    7.12M     7.77M     -8.35%
Travelzoo (TZOO)            2.14M     2.01M      6.5%
Ctrip.com (CTRP)            968K      1.42M     -32%

Jon C. Ogg
May 25, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.