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Online travel sites are getting squeezed by Airbnb, hotel chains

Third-party agencies' once industry-disrupting model is facing growing pressure from other competitors

New York

ONLINE travel booking sites Priceline Group and TripAdvisor took a beating from investors on Tuesday, highlighting how the companies' once industry-disrupting model is under growing pressure from other competitors.

Shares of TripAdvisor fell 23 per cent on Tuesday, while...

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