Morgan Stanley says Amazon (AMZN +1.3% ) could take on the travel industry. Analyst Brian Nowak: "Online travel has proven immune to Amazon disruption so far. But as we have seen with other categories, that doesn't mean Amazon won't try again, and they should. The analyst thinks Amazon could make $600M in profits per year if it built an online business half Expedia's size. Travel stocks that could move on the news: Expedia (EXPE +1.1% ), Tripadvisor (TRIP +0.8% ), Booking Holdings (BKNG +1.1% ).
We are witnessing the death of the millennial hipster – and it could cost the travel industry dear
I am suffering from a strange new Millennial affliction. Selfies have become an embarrassing practice from my near-youth, along with wearing too much kohl and advocating red-hot socialism. Reports have emerged that reclaimed wood is on its way out and the men of Shoreditch are shaving off their hipster beards. This is a relief for people like me, but a problem if you work in tourism. According to interior software company, Modsy, this boils down to a slicker, more glamorous look (expensive looking vintage rather than tatty Millennial kitsch; bold pops of colour; slick design pieces like Barcelona chairs).
Amazon could disrupt online travel industry next, Morgan Stanley says
as informed in The internet travel business is a great business opportunity for Amazon, according to one top Wall Street firm. Morgan Stanley reiterated its overweight rating for Amazon shares, saying the e-commerce giant can generate significant profits from the travel sector. "Our rough ad efficiency analysis (ad spend/transaction) speaks to Amazon's ability to drive repeat/direct traffic…as its estimated $0.75 ad spend/transaction is a fraction of what Booking/Expedia spend," he wrote. The analyst reiterated his $1,500 price target for Amazon shares, representing slight downside to Thursday's close. Amazon shares rose 0.9 percent Friday.Author
Hi, Its me Hafeez. A webdesigner, blogspot developer and UI/UX Designer. I am a certified Themeforest top Author and Front-End Developer. I'am business speaker, marketer, Blogger and Javascript Programmer.
0 comments:
Post a Comment