Priceline Group bookings soar by a quarter to hit $20 billion in three months

The Priceline Group has seen gross bookings across the group for the first quarter of 2017 hit a record $20.7 billion.

The increase of 24% year-on-year is more than $400 million on the same period in 2016 and just under $300 million higher than the record quarter the group had between April and June last year.

Revenues for the business (including Priceline, Kayak, OpenTable, Agoda and Rentalcars) $2.42 billion for the first quarter of 2017, up from $2.19 billion in 2016.

CEO Glenn Fogel says:

“The Priceline Group is off to a strong start in 2017 with solid growth in room nights and rental car days booked.

“Globally, our brands booked over 173 million room nights during the quarter, up 27% over the same period last year.”

More to follow…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *