Shares in online travel agent Priceline have fallen after it warned a slowdown in the European market could hit growth in the near future. Prices were down by approximately 15 per cent in after hours trading, despite the online agent exceeding quarterly profit expectations.
According to Priceline’s top destinations in new years, New York City’s Times Square is the number 1 for U.S. revelers, and it marks the first time in seven years that New York City has edged Las Vegas for the top spot on priceline.com’s list. Meanwhile, in the Asia-Pacific region, Bangkok and Singapore are the first and second-choice destinations for New Year’s party-goers.
After a short-lived dip in airfares for Christmas and the winter holidays, priceline.com reported that the average retail holiday airfare is now $473, or 14% higher than at this time last year. That percentage is based on ticket sales for the last month.
Priceline.com’s Tonight-Only Deals (SM) Service is now compatible with iPads, enabling last-minute travellers to choose the exact hotels they want for stays starting that same night and enjoy special rate discounts of up to 35%.
Priceline has launched a new Tonight-Only Deals(SM) hotel reservations service that is being bundled into its free Hotel & Rental Car Negotiator app for the iPhone and iPod Touch.
Priceline.com president, Jeffery Boyd, will be a keynote speaker at the 2011 Citi Global Technology Conference in New York City on Tuesday, September 6th, 2011, at 10:00. Also in the United States today, City.Mobi is celebrating the success of its new guide to New York.
Priceline.com Incorporated today reported 2nd quarter 2011 financial results for the Priceline Group. Second quarter gross travel bookings for the Group, which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by consumers, were $5.8 billion, an increase of 70% over a year ago.
Online travel booking company Priceline.com has enjoyed a surge in profits to $1.9 billion for 2010 on the back of strong international sales. The group’s 2010 operating profit came in at $786.8 million, up 67 percent on 2009.