Profile: Priceline Group Inc (PCLN.O)
The Priceline Group Inc., incorporated on July 30, 1998, is a provider of travel and restaurant reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands. Its priceline.com brand also offers consumers reservations for rental cars, airline tickets, vacation packages and cruises. The Company offers rental car reservations across the world through rentalcars.com. The Company provides restaurants with reservation management services and consumers with the ability to make restaurant reservations at participating restaurants through OpenTable, Inc. (OpenTable), a provider of online restaurant reservations.
Booking.com is the brand for booking online accommodation reservations. Booking.com offers accommodation reservation services for over 850,000 properties in approximately 220 countries and territories on its various Websites and in over 40 languages, which includes approximately 390,000 vacation rental properties. Vacation rentals consist of properties categorized as single-unit and multi-unit villas, apartments, aparthotels (which are apartments with a front desk and cleaning service) and chalets, and are self-catered (which include a kitchen), directly bookable properties. In addition, Booking.com offers Website, and other marketing services and business analytics to accommodation providers as part of its BookingSuite initiative.
Priceline.com offers online travel reservation services primarily in the United States. Through priceline.com, the Company offers consumers hotel, rental car and airline ticket reservation services, as well as vacation packages and cruises. Priceline.com is engaged in the opaque travel reservation business through its Name Your Own Price and Express Deals discount hotel, rental car and airline reservation services. KAYAK provides an online price comparison service that allows consumers to search and compare travel itineraries and prices, including airline ticket, accommodation reservation and rental car reservation information. Agoda.com is an online accommodation reservation service catering primarily to consumers in the Asia-Pacific region.
The Company competes with Google, Apple, Alibaba, Amazon, Facebook, Expedia, Tui Travel, Hotel Reservation Service, AutoEurope, Car Trawler, Ctrip, eLong, MakeMyTrip, Webjet, Rakuten, Jalan, Hotel Urbano, ViajaNet, Submarino Viagens, Despegar/Decolar, 17u.com, HotelTonight, Bookit.com, CheapOair, Mr. and Mrs. Smith, eDreams ODIGEO, Groupon, Carlson Wagonlit, American Express, Thomas Cook, Room Key, TripAdvisor, trivago, Skyscanner, HotelsCombined, Traveloka, Yelp, Zomato, Michelin, Recruit, Uber, Lyft, Gett, Avis, BlaBlaCar, Didi Kuaidi and Ola.
Priceline Group Inc
800 CONNECTICUT AVE
NORWALK CT 06854-1631
Company Web Links
- BRIEF-Tiger Global Management ups share stake in Priceline Group
- BRIEF-Priceline Group says do not see any major trends of corporations pulling back travel because of safety concerns - Conf Call
- Priceline profit beats estimates as hotel bookings soar
- UPDATE 1-Priceline profit beats estimates as hotel bookings soar
- BRIEF-Priceline posts Q2 adj EPS $13.93; sees Q3 rev up 12-17 pct