Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News Members only

Higher hotel bookings drive Priceline revenue

Profile Photo By: Steve Shellum
February 28, 2017

Higher hotel bookings drive Priceline revenue

Norwalk, Connecticut – 27 February 2017 – 
Travel website operator Priceline Group reported a 17.4 percent rise in fourth-quarter revenue, driven by higher hotel bookings.

Net income rose to US$673.9 million in the fourth quarter ended December 31, from US$504.3 million a year earlier. Revenue rose to US$2.35 billion from US$2 billion.

“Priceline 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,” chief executive Glenn Fogel said.

“We will continue to focus on growing our supply base to … Read More

this article is for members only. Sign up to join

You get access to members only exclusive content

Latest News

Members stay current with the leading hospitality industry news site.

Exclusive content

Get exclusive access to breaking, current and accurate industry news from around the world.

News that matter

Our news is selected and edited by professional journalists with decades of experience in reporting the news that matters, keeping you informed and up-to-date about what is happening in our industry around the world.

Sign up now. It’s free
Or import your details from

Suggested news

all access

Get full access to the hospitality industry news.

Sign up now. It’s free
Or import your details from