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Travel and Tourism News
Recent Business Newswire Stories from PRnetwire™ and eNewsChannels™

Edited by Christopher Simmons, senior news editor


Travel-Related Internet Stocks Are 'Booking' Investor Interest

SAN FRANCISCO, Calif. - December 11, 2003 /Send2Press Newswire/ -- Axcess News (www.theaxcess.net) announced today that they have released a story covering the overwhelming depth of interest by investors in travel-related services stocks, from Ctrip.com's recent IPO to little-known companies like DigiLava, Inc.

That interest may be fueled by the fact that 60 percent of adults have shopped for travel-related services on the Internet within the last six months according to the latest Nielson NetRatings.

On Wall Street Ctrip.com's IPO debut flew off the desks of brokers and shot from its initial offering price of $18.00 to as high as $37.35 in its second day of trading.

Although all of Ctrip's business is focused around China, U.S. IPO analysts were also looking at the deal as a possible barometer for next week's debut of US online travel site Orbitz Inc. Orbitz, which is owned by major US airlines, plans to sell 11 million shares at $22 to $24 a share during the week of Dec. 15 through Goldman Sachs Group Inc. and Credit Suisse.

But not all of the travel-related services stocks are as high profile as Ctrip.com or Orbitz and many investors who missed out or weren't offered shares can still find value in some of the smaller companies like San Francisco based DigiLava, Inc.

Digilava announced Wednesday its inking a deal with Hostelling International-USA to develop and integrate a completely redesigned online brand image for its Golden Gate Council, the Northern California hostell gateway that served over 200,000 visitors at nine locations last year.

On Dec 1st DigiLava announced a strategic partnership with Local Area Yellow Pages, Inc. to design the company's advanced online Internet infrastructure.

DigiLava has worked its magic for Ford, Samuel Adams, IBStv, Aramark, Hirsch Electronics and even Microsoft. The San Francisco based Application Service Provider caught the attention of online business news publisher, Axcess News, in a story released today.

To read that story, go to http://www.theaxcess.net

axcess logo (c) About Axcess News
Dubbed the "Yahoo of small cap business news" by Gordon Borrell, one of America's leading media and research gurus, Axcess News is fast becoming a known commodity for both the serious investor and people in general looking for informed articles and insightful columns that appeal to a broad spectrum of readers. More information: http://www.theaxcess.net.


Organization Website: www.theaxcess.net
Source of News: Axcess News

California Newswire™ / Business Newswire

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