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Research Shows That OTA Consolidation Is Harmful To Consumers

Research Shows That OTA Consolidation Is Harmful To Consumers

When online travel agencies (OTAs) intentionally modify and reorder search results based on commission fees, the manufactured bias on their websites ultimately costs consumers choice and value, says a new report by Harvard Business School Professor Benjamin Edelman. Edelman’s report, the Impact of ...

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Priceline Agrees to Acquire Momondo Group

Priceline Agrees to Acquire Momondo Group

NORWALK, Conn.—The Priceline Group Inc. has announced that it has signed a definitive agreement to acquire the Momondo Group in a cash transaction whereby The Priceline Group will acquire all outstanding shares of the company for a price of $550 ...

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Priceline Group Selects Company Insider as Next CEO

The Priceline Group has named Glenn Fogel, a 16-year veteran of the company, as its new CEO. Fogel, who currently serves as Priceline’s head of strategy and executive vice president of corporate development, will make the transition Jan. 1. Chairman ...

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Cuba and Priceline Make a Deal

Priceline has become the first U.S. online travel company to strike a deal with the Cuban government. The terms of Cuba and Priceline’s agreement make it possible to book Cuban hotel rooms on Priceline’s subsidiary, Booking.com. This deal has been ...

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Priceline Reports Strong End-of-Year Earnings

Priceline Reports Strong End-of-Year Earnings

For the fourth quarter of 2014, Priceline Group reported gross profit of $1.7 billion, a year-over year increase of 26 percent. Fourth-quarter bookings—the total value of all travel services purchased by Priceline customers—increased 17 percent from the prior year to ...

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Priceline Partners with Chevrolet for Hotel Bookings

Priceline Partners with Chevrolet for Hotel Bookings

NORWALK, Conn.—Priceline.com, part of The Priceline Group, announced a partnership with General Motors, launching the rollout of a priceline.com-powered hotel booking service through the new Chevrolet AppShop. The partnership will be unveiled at the 2014 Consumer Electronics Show. Through the ...

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