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For Priceline, Booking.com, Agoda — it’s a sharing and marketshare thing

02/22/2010| 9:21:16 AM| 中文

Priceline continued its torrid growth, particularly internationally, in the fourth quarter and increasingly is sharing hotel inventory across its brands.

Priceline continued its torrid growth, particularly internationally, in the fourth quarter and increasingly is sharing hotel inventory across its brands.

Here’s the tale of the tape:

Profits more than doubled — 130% actually — to $78.5 million.

Gross bookings jumped 53% to $2.3 billion in the fourth quarter, and international revenue, fed by Agoda’s growth in markets like Thailand, for instance, climbed 74.9% to $222.9 million.

In the U.S., domestic gross bookings rose 21% because of growth in hotel sales — both of the retail and merchant/opaque variety — as well as retail airline tickets and vacation packages. Sales of opaque airline tickets and rental cars were weak.

Read the full story at http://www.tnooz.com/2010/02/18/news/for-priceline-booking-com-agoda-its-a-sharing-and-marketshare-thing/

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