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/
