Articles tagged “priceline”

Booking Holdings CEO Glenn Fogel said the pandemic had no redeeming value. But his company will coincidentally be well-placed for the recovery thanks to the new consumer awareness of alternative lodging.

When it comes to brainstorming, there's no substitute for a Skift reporter ambling over to a Skift Research analyst's desk, and shooting the breeze about Oyo's model, or looking over a shoulder to view on screen how Expedia's marketing spend is trending. That dynamic is really tough to replicate on Zoom.

Flights are the next big thing for all of Booking Holdings’ accommodation platforms, not just Booking.com but Agoda and Priceline in Asia. In the region, where super-apps have taught consumers they can book everything on one app, and where even airlines want to be online travel agencies, it isn’t surprising Agoda is offering flights.

Resort fees are embedded into many hotels' business models, so it would take a lot to upend them. But the prospect is picking up a lot of momentum.

Military family members notice when businesses are military-friendly. This deal with the Pentagon is certainly a win for the Priceline brand, if not a gargantuan boost for its business. Plus, it seems as though the Pentagon will be responsible for a lot of the marketing.

Southwest has perennially been a thorn in the side of online travel companies that lusted after getting access to its flights and fares. But no one can credibly argue that Southwest's insistence on direct distribution hasn't worked for the airline. Its competitors and peers inside and outside of the airline industry can only be jealous.

The acquisitions of Active Hotels and Bookings B.V., which led to the creation of Booking.com, transformed parent company Priceline.com, and online travel history. Take a look at Priceline's fourth quarter of 2005 financial results, and you'll be able to see the journey in process.

The stars were seemingly aligned when Booking.com made its move. The big U.S. players were too comfortable with their huge margins from the merchant model; Booking.com focused on independent hotels; and search engine marketing was on the rise. Still, it was the entrepreneurs and dealmakers who made it all happen.

This is the oral history of Priceline's two deals, the acquisitions of Active Hotels and Bookings B.V., that created Booking.com, and continue to shape the course of online travel and the competitive landscape today. The twin transactions were among the greatest Internet deals of all time, and their lessons are relevant to startups and dealmakers in any industry.

Online travel agencies remain essential to the travel industry as consolidators of, and clearinghouses for, advertising dollars throughout the space. We do not see OTAs being removed from this position easily, but challenges are growing by the day.