Digital Booking Sites

Priceline Outpaces Expedia With 32% Room Night Growth in Q1

@denschaal

May 08, 2014 7:21 am

Skift Take

Priceline outlasted Expedia in the room-night growth arms race, posting 32% growth to Expedia’s 24%. Although there was a slight dent in the armor, as Priceline room-night growth was slightly faster a year earlier.

— Dennis Schaal

Free Report: The Changing Business of Extended-Stay Hotels

Reuters

Stars of the current Priceline.com advertising campaign, William Shatner and Kaley Cuoco. Reuters


The Priceline Group outpaced Expedia Inc. with a 32% year over year growth in room nights in the first quarter of 2014, compared with 24% at Expedia.

However, Priceline’s room night growth decelerated from the first quarter of 2013, when it increased, 37.7%.

For the first quarter, Priceline notched a 35.6% increase in net income to $331.2 million on $1.64 billion in revenue, a 26% jump.

Gross bookings for Priceline during the quarter came in a $12.3 billion, a 34% year over year increase.

In contrast, Expedia Inc. notched a 24% jump in room-night growth in the first quarter of 2014, decelerating from the 28% growth it recorded a year earlier, but gross bookings rose 29% as Expedia’s Travelocity partnership bumped up air ticket sales.

Room nights for another publicly traded online travel company, Orbitz Worldwide, grew at a 12% pace in the first quarter, down from the 14% growth it posted a year earlier. Orbitz Worldwide saw its gross bookings rise just 3% to $3.2 billion in the first quarter.

Priceline beat revenue estimates with the analysts looking for 25.3% year over year increases to $1.63 billion.

PCLN Chart

PCLN data by YCharts

Tags: ,

Follow @denschaal

Next Up

More on Skift

Marriott Uses its Own Staff to Recruit Employees in New Campaign
National Parks’ Centennial Campaign Expected to Boost Outdoor Recreation
Best Travel Ads This Week: Picking a Message That Resonates
Free Webinar: How To Effectively Personalize Marketing Across Travel Sectors