It is company policy not to discuss employee bonuses or any other financial disclosures
Boston, MA (PRWEB) March 26, 2009
The economy might be faltering but RealAdventures, a website popular for it's extensive range of global travel listings and travel industry forecasts, today announced plans to issue company wide bonuses to all of its employees, setting off a firestorm of controversy and causing many to wonder if they too might be receiving a handout.
According to Boston-based Global Insights Inc., it won't be until 2011 that domestic travel will return to 2006 levels. The travel industry on a whole and specifically the department of transportation has reported significant first quarter fiscal losses, as tighter consumer budgets have led many individuals and families to sacrifice travel plans, considered to be an added household expense.
"It is company policy not to discuss employee bonuses or any other financial disclosures," says Vik Kachoria, founder and CEO of RealAdventures. "It is true that the travel industry isn't performing as well as it has in years past. However, to ascertain without hard evidence that we are accepting government funds or any other type of support as a means to retain top employees, is quite simply preposterous."
Taxpayers are still reeling from news of the exorbitant bonuses received by executives at the insurance giant AIG, which has received $150 billion in government aid since it collapsed in September 2008. The RealAdventures bonus funds come from an undisclosed source, but public speculation has ranged from government bailout programs to the Colombian coffee cartel to Russian oil.
RealAdventures executives refuse to comment on whether their financial success is due to a bailout, or a remarkable marketing strategy, which is also top secret. However, these same executives have suggested in the past (off the record) that some of the AIG bonus money could have gone to summer vacation planning for families across America.
RealAdventures reports steady profits amidst a shaky financial environment and continues to provide travelers easy access to affordable getaways and luxury trips. The company partners with travel providers to bring their visitors the most up-to-date and accurate travel listings from around the world and travel services are invited to promote their accommodation, vacation or adventure tour on the site. The site features travel listings from 210 countries and offers travelers from around the world the opportunity to research trips and receive customized quotes with the click of a button.
About the Company:
RealAdventures helps travelers around the world plan great adventures and search through thousands of accommodations, destinations and trip ideas. From small bed & breakfasts to luxurious vacation rentals, from safaris to cooking classes, from Alaska to Zimbabwe- RealAdventures is a comprehensive travel resource that is easy to use. Start planning your next adventure now! RealAdventures: Life's an adventure! Live it!
For more information visit: http://www.RealAdventures.com.