collected by :phillip rony
Morgan Stanley said Amazon (AMZN +1.3% ) can take on the travel industry.
Analyst Brian Nowak: “Online travel has proven immune to Amazon disruption so far.
But as we have seen by other categories, which does not mean Amazon won’t have a try again, & they should.
The analyst thinks Amazon can make $600M in profits per year if it built an online business half Expedia’s size.
Travel stocks which can move on the news: Expedia (EXPE +1.1% ), Tripadvisor (TRIP +0.8% ), Booking Holdings (BKNG +1.1% ).
Amazon can disrupt online travel industry next, Morgan Stanley says
The net travel business is a major business opportunity for Amazon, according to 1 highest Wall Street firm.
Morgan Stanley reiterated its overweight rating for Amazon shares, saying the e-commerce giant could generate significant profits from the travel sector.
“Our rough ad efficiency test (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 value target for Amazon shares, representing slight downside to Thursday’s close.
Amazon shares rose 0.9 percent Friday.
as mentioned in I am suffering from a strange latest Millennial affliction.
Selfies have become an confusing practice from my near-youth, along by wearing also much kohl & advocating red-hot socialism.
Reports have emerged which reclaimed wood is on its method out & the men of Shoreditch are shaving off their hipster beards.
This is a decrease for people such as me, however a trouble if you work in tourism.
According to interior software company, Modsy, this boils down to a slicker, further glamorous look (expensive looking vintage rather than tatty Millennial kitsch; bold pops of colour; slick design pieces such as Barcelona chairs).