In tough times for travel business, Europe holds steady
The U.S. travel industry is preparing for a painful holiday season as Americans reduce their discretionary spending. But in Europe the holiday season is holding up well, travel agents say, with people reluctant to forego their year-end break with family and friends. That, however, is likely to change in the new year. "January is still a question mark," said Fabio Cannavale, chief executive of Bravofly, one of three biggest European online booking agencies, which is selling 2,500 short-distance and 100 long-distance plane tickets a day. "What I expect are very good deals from airlines."