Priceline CEO: Hotels Secretly Love Us Despite Accusations of Monopoly
Skift Take
Priceline CEO Glenn Fogel says he wants travelers to think of Booking.com's name first when they start thinking about reserving homes and apartments for rental. He says a marketing effort is in the works to achieve that.
Priceline Group expects to be a fast-growing company over the next few years, but that it is despite some hotel lobbying efforts which CEO Glenn Fogel characterized as a sideshow.
Interviewed on Bloomberg TV outside of the Fortune Brainstorm Tech 2017 conference in Aspen, Colorado, which was broadcast Wednesday, Fogel draws a distinction between a hotel lobbying group and hotels themselves, which he implied liked Priceline Group practices just as they are.
Fogel says, "I've read some very nice things from some of the CEOs of hotel groups saying, 'I'm not exactly sure where [the charges of oligopoly] came from.'"
The chief executive does not elaborate on where he read these written comments.
