New York-based tripmela.com, which recently introduced hotel search engine on searchmela.com (as reported by TravelBiz Monitor on July 9, 2008) has shut its operations and put the sites (both tripmela.com and searchmela.com) on eBay.in for sale. Due to the global economic meltdown and recession in the market, the company decided to shut shop in India. When contacted, Jared Blank, CEO, tripmela.com said, “We’ve done everything we could, but we don’t see an end in sight to the slowing travel and advertising market, and we simply don’t have the cash to ride it out.” |