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E-Services Show Staying Power, Especially In Travel And Leisure Who Tries On Tickets?(A)
Byline: BRIAN DEAGON
The dot-coms may have bombed long ago, but you wouldn't know it by looking at what USA Interactive is up to.
It's offering $4.5 billion in stock to buy the shares it doesn't already own in three Web firms that provide consumer services.
It's a bold move, given that most retail Web sites lose money. But USA isn't betting on retail; it's betting on consumer services -- one of the few bright spots for e-commerce.
In the first quarter, consumers bought $9.85 billion in goods online, up 19% from a year earlier, says the Commerce Department.
The Commerce data don't include the shining star of online commerce. That goes to Web sites offering airline tickets, hotel rooms and related services.
Consumers laid out $8 billion for online travel in the first quarter, up 87% from a year ago. Travel accounts for 40% of the total. That's more than triple the No. 2 category -- computer hardware.
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