What Drove Priceline’s Revenue And EBITDA Growth Over The Last Five Years?
Priceline’s biggest growth driver, so far, has been its accommodation platform, booking.com. Booking.com is the global market leader in the online accommodation booking sector. Booking.com boasts of 850,000 unique properties (34% growth over 2014) on its platform currently, spanning across 220 countries. Some of its competitive advantages are: offering the widest number of options to travelers, not charging a booking fee (most OTAs charge a 5% to 15% booking fee), and instantly confirming reservations as opposed to a 24 hour confirmation time taken by other websites. Booking.com is presently looking into even more aggressive penetration into the single-owner, single-room market.
Have more questions on Priceline? See the links below.
- What Is Priceline’s Fundamental Value On The Basis Of Its Forecasted 2015 Results?
- How Has Priceline’s Revenue And EBITDA Composition Changed Over 2012-2016E?
- What Is Priceline’s Revenue And EBITDA Breakdown?
- Top 3 U.S. OTAs: A Comparison Of Operating Margins
- How Has Priceline’s Stock Performed In The Last Five Years?
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