Domainmonster.com Industry News
News > June 2007
29-Jun-2007
Problems with .travel Domain Names
There is a possibility of the .travel domain going bankrupt in 2007. Only 25 thousand .travel domains have been registered. Obvious problems regard the strict rules, pricing and length of the Domain Name.
Sources such as the US Securities and Exchange Commission suggest the company going bust later on in the month. In May 07 the organisation had a cash balance of estimated $480,000. They had taken previous cost reductions, failed to secure new domain registrations and had shutdown computer games and telephone services which were not making money last year. They are still incurring losses and management see an unprofitable future. But if .biz can do it, can .travel? Watch this space.

