Orbitz sees pockets of U.S. travel softness

Mon Feb 11, 2008 11:36pm GMT
 
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LOS ANGELES (Reuters) - Online travel agency Orbitz Worldwide Inc (OWW.N: Quote, Profile, Research) is seeing pockets of softness in U.S. travel markets but no dramatic falloff so far, its chief executive said on Monday.

Suppliers have been asking for help with inventory, such as advertising, Chief Executive Steve Barnhart told the Reuters Travel and Leisure Summit in Los Angeles.

"It certainly indicates there is some softness there," he said.

A dramatic softening in travel likely would affect Orbitz' overall business. "We're not seeing that yet," he added.

(For summit blog: summitnotebook.reuters.com/)

(Reporting by Kyle Peterson and Peter Henderson; Editing by Tim Dobbyn)

 

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