Can Ctrip and Despegar.com Bounce Back After Last Week's Drop?

Can Ctrip and Despegar.com Bounce Back After Last Week's Drop?

It was a rough week for a couple of international travel portals. Shares of China's Ctrip (NASDAQ: CTRP) and Argentina's Despegar.com (NYSE: DESP) declined 12% and 11%, respectively, last week, but the slides were not related.

Despegar moved lower despite a bullish analyst initiation to kick off the week. There was no material news out of Ctrip, but Brightwire is reporting that its chairman is considering charging for flight bookings, a move that would increase revenue but possibly at the expense of nudging more users to book directly with airlines. 

Image source: Despegar.com.

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Source: Fool.com