Articles tagged “priceline”

Two decades after the birth of online travel, more than two dozen founders and key players exclusively tell Skift how it all happened. This is a story of a history that changed the future of travel forever. Dig in, this will take a while.

The first quarter is a popular time for travelers to start planning spring break and summer travel. Based on TV spending estimates for the first quarter, it's clear that the top spending brands such as Southwest Airlines, Trivago.com and Royal Caribbean are bent on getting Americans enamored with the thought of summer vacations.

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.

The Priceline Group is looking for a CEO who can handle disruption and big changes in technology and market conditions in coming years. Just look at the changes in the Group's accommodations mix as lodging alternatives are approaching half of the company's roster of properties.

Now-former Priceline Group CEO Darren Huston's decision to emphasize organic growth, his insistence that all properties sold on Booking.com be online bookable and instantly confirmable, and his strategy to keep Booking.com solely focused on the hotel business all set his tenure apart from those of his peers at Expedia. If you can set aside his apparently reckless behavior for a moment, it's a shame Huston won't be around to see his strategy through or to pivot, as required.

This is a bombshell.

We pause our argument for the moment that the Priceline Group should be rebranded as the Booking.com Group because of the latter's wider brand recognition. The Priceline Group, which actually has no plans under way to rebrand, needs to get this messy Booking.com trademark issue cleared up first. It seems like such a stretch that one of the largest travel companies in the world can't get its trademark approved.

Barry Diller's intelligence is not artificial at all and it's sometimes underrated. Diller has been one of the superstars in crafting the trajectory of online travel through his acquisitions and perseverance when things didn't always go smoothly.

While Expedia has been on a growth spurt given all of its acquisitions over the past year, Priceline has been saying that its "competitive moat" is wide but under-appreciated. A Priceline acquisition of TripAdvisor would make a bold statement and widen that competitive moat for all to see.

All companies want repeat, loyal customers. Expedia is willing to buy their allegiances through loyalty programs while Booking.com vows to do without. It's another point-counterpoint between the two companies as they compete against one another in villages and cities around the world.