Priceline.com is the second largest online travel agency in the world after Expedia in terms of booking volumes.
FORBES: Airline Tickets Only Contribute 2% To Priceline Stock Price
For the most part, I have been using services like Travelocity, Travelweb, Travelbug, Preview, Microsoft's Expedia or various airline booking services, such as United's excellent itinerary generator, mainly for research.
Lashinsky likens his business to online travel booking sites like Expedia or Travelocity.
Fundamentally, Expedia's online hotel booking may be hurt as hotels offer customers bigger discounts for booking directly with them instead of through online discounters.
Expedia said that revenues from hotel booking accounted for 63% of its annual revenue in 2010, compared with 12% attributed to air travel.
Fueled by robust growth in its hotel booking business, online travel agency Expedia posted a 13% increase in gross bookings and a 14% increase in revenues last quarter.
Under the partnership, Expedia has waived visa-processing charges for its users booking international packages.
FORBES: Expedia's Global Growth Soars With Asian Partnerships
Major websites such as Expedia, Orbitz and TripAdvisor popularised digital reviews and made online booking cheaper, more up-to-date and more convenient than guidebooks.
Before long he realized the most frought and time-consuming thing was booking travel for the MIT debate team using Kayak and Expedia and plugging all the data into spreadsheets.
Expedia, the largest US online travel service provider in terms of booking volumes, recently announced a new agreement with eLong Inc. to further expand the global hotel booking options for users.
FORBES: Expedia's eLong Partnership Paves The Wave For Big Growth In Asia
Adam Twidell, the founder of PrivateFly, an online booking service that has done for the private jet industry what Expedia and Priceline did for commercial flights, has seen a yearly threefold growth since he launched his company in 2007.
Expedia Rewards Program is a spend-based program offering members reward points in direct proportion to the amount they spend on booking flights, hotel stays, car rentals and other services on Expedia websites.
FORBES: Expedia Rewards Add Up To Peanuts, Little Impact On Stock
Earnings at the Norwalk, Conn. online travel merchant are growing much faster than at larger rival Expedia, and Priceline's quick moves have pushed competitors on the defensive, as when they eliminated booking fees on airline tickets earlier this year.
Strong earnings from Expedia sent the stocky flying in afterhours trade, as the company posted second quarter earnings above expectations as the online booking agency leveraged its international operations and took advantage of a cheap dollar.
FORBES: Expedia Rocks It On Strong International Performance
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