Priceline 2Q profit up by 35pc...
Priceline reported consolidated gross bookings for the second quarter of $2.4 billion, up 12.8 percent year over year. The online travel company’s revenue rose 18 percent to $603.7 million. Net income was $67.0 million, which compares to $49.8 million in...
Downward trend in unit pricing starting to stabilise...
The travel industry continues to cope with serious revenue challenges tied to the worldwide recession. Weak demand, particularly for business travel and groups, and lower yields are leading to declines in important revenue metrics, according to priceline’s president and CEO...
Americans suffering from “vacation deficit”...
A new survey has indicated that the US is in the throes of a serious “vacation deficit.” The Access America Vacation Confidence Index, a survey of 1,000 Americans, found that while a large majority of respondents (67 percent) believe that...
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