Priceline Group scores big in 2016 as bookings soar by 23%


The Priceline Group made $10.7 billion in revenue in 2016 – up from $9.2 billion in 2015 – and has seen a 40% jump in adjusted EBITDA.

 

The earnings report released today is the first since M&A guru Glenn Fogel took over the reins as CEO in December last year.

Fogel says:

“We also recorded accelerating growth in room nights booked for the full year 2016 over 2015, which reflects the benefits of our scaled accommodations platform and strong execution by our global teams.”

“We will continue to focus on growing our supply base to drive customer choice, innovating around the customer experience and investing efficiently in marketing to deliver profitable topline growth.”

More to follow…



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