18.3 percent, following a 25.6 percent drop Monday. The company, which is controlled by USA Networks, had seen a surge in business in recent months as consumers feeling the pinch from the economic slowdown hunted for cheap hotel rates.
Meanwhile, airline stocks, which dropped 40 percent Monday, erasing some $12 billion in shareholder value, rebounded slightly Tuesday, after U.S. Secretary of Transportation Norman Mineta said he was preparing a $24 billion rescue package for the industry. The Amex Airline Index climbed about 5 percent during the day, before ending the session up only 2 percent at 71.28.
