First RegisterFly died. Will the .Travel registry fail next?
A fiasco ensued when domain registrar RegisterFly died. ICANN is learning its lesson. But now an entire domain registry is on the verge of death. The good news is it’s only the .travel registry, which no one really cares about anyway.
Noted .travel critic Edward Hasbrouck, who has complained about the way the .travel domain was awarded and structured, writes about registry Tralliance’s parent company, TheGlobe.com, Inc., and its cash crunch.
TheGlobe.com has less than a half million dollars left and will run out of money within a month if it doesn’t receive additional investment. The company’s stock once traded as high as $97 but now changes hands over-the-counter for about three cents (TGLO.ob).
.Travel probably isn’t helping TheGlobe.com’s finances. Industry-specific and topic-specific domain names with registration restrictions haven’t performed well. Just look at .pro. Despite a loophole that lets anyone register a .pro domain (instead of just accredited professionals), there have only been a handful of notable .pro domain sales and very few companies actually use the domain.
Whether or not ICANN will step in to save .travel before it’s too late remains to be seen.