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August 25, 2011 08:58 pm GMT

Yipit's Daily Deal Report: Industry Revenue Dips, Groupon Gains, And Travel Deals Take Off

deals1Yipit, the site that aggregates and recommends daily deals based on users' locations and interests (and raised $6 million back in June from a host of VCs), released some interesting trend data today on the daily deals space. Overall, July was not a memorable month for the daily deals industry, though there were a few clear winners, including everyone's favorite deals site, the big kahuna, Groupon. Based on data collected from over 650 daily deals services, Yipit found that the industry's total revenue declined in July by 7 percent in North America's largest markets -- in spite of a slight increase in the number of total offers. The data also shows that the number of daily deals sites declined slightly in July, with 38 deals sites closing their doors compared to 36 new sites being launched.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1Wzfvp3fC4w/

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