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Monday, Jun 11
2012, 5:20 PM
Online travel service providers outperformed a bit today thanks to a bullish note from Pac...
Online travel service providers outperformed a bit today thanks to a bullish note from Pac Crest's Chad Bartley, who says a survey conducted by his firm indicates the companies' spending on travel ads was strong in May. The survey didn't turn up any sign Priceline (PCLN -0.4%) had significantly cut its ad spending, and found Expedia (EXPE +0.4%) to be especially aggressive in buying ads. Ad spending on TripAdvisor (TRIP -0.2%) is said to be holding steady.