Analyst: Online Corp. New Entry Slow; GDSs Under Pressure

Growth for online-originating corporate travel agencies has not progressed as anticipated, according to Credit Suisse First Boston equity research analyst Scott Barry. Although figures that would help prove his point are not transparent, Barry cited the recent extension of Expedia Corporate Travel's profitability target and the lack of 'major contract wins [which] haven't come at the rate Wall Street would like to have seen.'