- More Consumers Giving 'Black Friday' the Cold Shoulder
- Prepare For Large Decline In Stocks, Next Year?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- Hewlett-Packard Earnings Rise, Match Guidance
- HP Comes in As Expected; Is It Time to Buy?
- Cramer: What Monday’s Housing Number Really Means
- Why the Dollar Will Likely Stay Weak for Some Time
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Wave of Debt Payments Facing US Government
- HP Comes in As Expected; Is It Time to Buy?
- Prepare For Large Decline In Stocks, Next Year?
- Hewlett-Packard Profit Rises, Matches Guidance
- Paul: Audit the Fed
- The Social Media Gaming Threat
- Nov. 23: Unusual Volume Leaders
- Holiday Travel Outlook
- Cramer: Buy These Banks, If...
Text Size 
Writer/Producer
Leisure destinations are recovering but traditional business destinations remain weak, said Barney Harford, Orbitz Worldwide [OWW
Loading...
()
] CEO on Thursday.
“The green shoots of the recovery are coming from the leisure sector,” he told CNBC’s Becky Quick on “Squawk Box.”
(See the accompanying video for the complete interview.)
Room nights to Europe, for instance, are up over 100 percent, he said.
The company reported third-quarter net income of $7 million or 8 cents a share Thursday, compared to a $287 million loss last year, or $3.44 a share.
Nonetheless, net revenue slid 22 percent to $187 million from $240 million, mostly because the company had removed flight booking fees and hotel change cancel fees and introduced hotel price insurance.
“There’s definitely a significant desire on our behalf to improve the value proposition for consumers,” said Harford. “We recognize that in tough economic times like these right now, it’s important to do everything you can to try to stimulate demand."
Meanwhile, Florida’s attorney general recently filed a lawsuit against Orbitz and Expedia [EXPE
Loading...
()
] alleging that the companies failed to pay sufficient hotel occupancy tax on their hotels bookings.
“We think it’s going to have a very negative effect on the millions of Floridians who depend on the travel and tourism industry for their livelihoods,” Harford aid. “This is going to make it more expensive for people that travel to Florida.”
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes