Articles tagged “decolar”

Online Travel

Priceline Writes Down Nearly All of Its $60 Million Hotel Urbano Investment

It is rare to see a company such as the Priceline Group take an impairment charge so quickly after investing. Even Priceline, in the short-term, at least, can get things wrong. Hotel Urbano needs more cash as the Brazilian economy and political system exhibited further stress, and the Zika virus took hold.