December 14, 2017
Hotelbeds targets 10,000 directly contracted properties in three years
The aim is to gain the best prices, under the best terms and conditions, for the group's 60,000 travel intermediary clients globally.Read more
August 10, 2017
Priceline's revenues were up 18.3% and room nights 21% from the year-ago quarter. The company saw average daily rates for accommodations or ADRs decline slightly year over year.
On a year-over-year basis, both agency and merchant business showed strong momentum. Room nights and Rental cars performed impressively. The only point of weakness was airline tickets.
At the call, management stated that the company’s ongoing investments in people, technology, product and marketing are contributing significantly.
However, weaker ADRs, macro headwinds, increasing advertising spend and occupancy tax-related litigation remain overhangs.
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