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Economy

Both American and Chinese cut back on travel

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Last Updated on December 3, 2008 by stlplace

It’s travel time. Thanksgiving is traditionally the busiest travel seaon in the US. But due to weak economy, the holiday travel will slow down a bit (compared to same period last year). AAA Chicago estimated the trend in this thanksgiving. (source: marketWatch)

China
Slowdown in China: Ctrip (Nasdaq: CTRIP), the leading online travel consolidator in China, already reported Q over Q slowdown on its 3Q08 report. Note travel slowed quite dramatically after the Olympics.

Last but not least, I got this from my friend in Shanghai. IHT (International Herald Tribune) reported on car inventory at Long Beach, CA.


Sea of cars in long beach