Tag Archives: pcln

Priceline’s Booking.com Adds 500,000th Hotel Property

The Priceline Group (PCLN) said Tuesday that its global hotel-booking unit, Booking.com, has reached a milestone by adding its 500,000th property, the Leonardo Hotel in Berlin, to its list of hotel and accommodations offerings. Also Tuesday, Oppenheimer & Co. analyst Manish Hemrajani initiated coverage on Priceline with an outperform rating and a price target of 1,450. Priceline stock was up 3.5% in midday trading in the stock market today, near

Priceline Offers Luxury, Specialty Car Rental Service

Priceline Group (PCLN) said Monday that it has launched a rental car service called Fun Rides on its U.S.-focused Priceline.com website that provides luxury and specialty vehicle rental options for vacations and special events. The new service offers a rental car lineup of luxury sedans, muscle cars, sportsters, convertibles and other cars for events like weddings, high-school reunions and big-ticket vacations from a range of suppliers, including

Priceline Taps OpenTable To Battle Yelp For Locals

Priceline’s $2.6 billion deal to buy restaurant-booking app OpenTable is the latest sign that consumer Internet giants have refocused efforts toward local and mobile. The all-cash offer values OpenTable (OPEN) at 103 a share, a 46% premium to Thursday’s closing price. “The price paid suggests they wanted some shock value … the appeal for Priceline (PCLN) is that they feel they can bundle this solution with their primary