Travolution@PhoCusWright Brussels - No risk, no fun

That's the message from Thies Rheinsberg, director of corporate development at TUI, when describing how the online travel agents are losing share to traditional tour operators such as Thomas Cook and, of course, Thomson.

Apparently Expedia is the one taking the risks as it is the only OTA, according to Hitwise data, that is still growing.

Kevin May, editor, Travolution