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.
Read full story at: http://www.tnooz.com/2013/06/06/news/the-most-successful-online-travel-ceo-ever-could-be-wrong-hotel-startups-can-scale/
