Expedia Inc (EXPE) has been experiencing a surge of growth in 2015, especially with their 22% quarterly growth in the Third Quarter. The amount of US hotel bookings that the company has been receiving has been going through the roof, so to speak. By comparison, their rival Priceline Group (PCLN) has been experiencing an ever-so-slightly decline in those same bookings. Compared to Expedia’s 22% Q3 growth, Priceline experienced a decline of 2.5%. There may be a lot of factors that come into play here that might not make this a true apples to apples comparison, but surely Expedia Inc will take the good news any way they can.
Expedia Pulls Ahead Of Priceline For 2015 US Hotel Bookings
Both of these Online Travel Agencies (OTA) are giants by any other margin. Their online booking platforms have revolutionized the hotel booking industry, and they have done well to support the other types of desired travel, such as airfare, cruises, and rental cars too. Prior to this type of leveraged technology it would have been much more common for someone to need to call a travel agency by phone, or make an appointment to stop by in person. Now, booking online has become the norm, and there have been many attempts by others to enter the market and take from the lion’s share.
While Priceline Group still remains larger overall than Expedia, the US Hotel bookings are seen as a key performance indicator by many investors. Priceline has a strong book of business globally, and the US market only represents a portion of the company’s total quarterly performance. Nevertheless, some investors took the quarterly financial report to be a bad sign, and as a result the stock price slid by 9%.
Expedia Pulls Ahead Of Priceline For 2015 US Hotel Bookings.