Tag Archives: pcln

Can Priceline And Expedia Stay Travel Kings In 2016?

The story for online travel in 2016 is consolidation. As it stands, Priceline and Expedia control more than two-thirds of the market, show no signs of giving up the gains and, if anything, will continue to gobble up more small firms — it’s impossible for the tiny companies to compete with either of the giants, according to analysts. But Priceline’s (PCLN) stock chart shows a light gain for 2015. Shares touched a record high above 1476 in early

Priceline To Increase Stake In China’s Ctrip.com

Priceline Group (PCLN) and an unnamed “long-term equity investment firm” are going to invest $500 million in China-based online travel agency Ctrip.com (CTRP). Priceline and the unnamed firm plan are buying convertible debt offered by Ctrip, as Priceline looks to increase its stake in the world’s largest outbound travel market, China. Ctrip.com stock, however, was down a fraction in early afternoon trading in the stock market today. Priceline

Expedia, Priceline Face Threat From Airbnb: Analyst

Expedia (EXPE) and Priceline (PCLN) continue to take different approaches in handling the competitive threat from Airbnb, says RBC Capital Markets analyst Mark Mahaney. While Expedia executives continue to describe Airbnb’s impact as “immaterial” — though less than a week later announcing an agreement to acquire Airbnb home-rental competitor HomeAway (AWAY) — Priceline has been willing to acknowledge the potential impact to online travel agency