Priceline loves hotels and cars, but business travel no so much
Jeffery Boyd, CEO of the Priceline Group said that each of their brands gained share in the retail hotel room reservations market. But Priceline doesn’t see getting into corporate travel as an attractive opportunity.
With gross bookings and hotel room nights up more than 50% each in the fourth quarter, Priceline says its Booking.com, Agoda and Priceline.com brands all gained hotel market share.
In contrast, Expedia Inc.’s hotel room nights jumped just 19% in the fourth quarter, and Orbitz Worldwide’s global hotel room nights in the fourth quarter fell 2% year over year.
“The Priceline Group experienced a strong 4th quarter for our travel reservation services.” said Jeffery Boyd, CEO of the Priceline Group. “Globally, the group grew room night reservations by 53% as compared to 47% in the 3rd quarter. We believe that each of our brands, Booking.com, Agoda and priceline.com, gained share in the retail hotel room reservations market, while our Name Your Own Price hotel business in the United States continued to be impacted by increased competition in the discount market.”