Despite the presence of Expedia in most European countries, the European OTA space is still very fragmented with many local players and mid size groups.
Most are in the the Euro 500 million to 1 billion turnover range.
But a wave of consolidation seems to be driven this year by French private equity house AXA.
Read the full story at: http://www.tnooz.com/2010/09/28/news/private-equity-leading-online-travel-consolidation-in-europe/