The most successful online travel CEO ever could be wrong – hotel startups can scale!
There’s no reason why Room 77 and HotelTonight or any other similarly statured player can’t continue to raise large sums of money provided the business model supports it.
Jeffery Boyd, CEO of Priceline, recently made comments casting doubt on the effectiveness of relative newbies Room77 and HotelTonight.
He commented on their ability to justify the substantial investment required to scale their hotel businesses in the face of competition from the big players and decreasing product differentiation.
Someone with the pedigree, track-record and credibility of Boyd generally sees his opinion on almost everything carry a fair amount of weight.