Daniel Kurnos on Priceline Group Inc (PCLN) and OpenTable Inc (OPEN) Acquisition

Daniel Kurnos, a senior analyst at Benchmark Company, discussed Priceline Group Inc (NASDAQ:PCLN) on CNBC ahead of the earnings and pointed out various interesting things in the company and especially citing why they think the company has made interesting moves in recent times through acquisitions. The company recently acquired OpenTable Inc (NASDAQ:OPEN).

Priceline.com Inc (NASDAQ:PCLN)

Priceline Group Inc (NASDAQ:PCLN) is an established company that is present in different business segments within the travel industry. The company is expected to report strong growth in revenue at 28% compared to the figures recorded the same quarter last year.

According to Kurnos, talking points for established companies such as Priceline don’t change too much from quarter to quarter. However, the company’s acquisition of OpenTable Inc (NASDAQ:OPEN) and its investment in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) will be important things to look out for in the second-quarter earnings.  Furthermore, he also noted that Booking.com, which is Priceline’s hotel reservation platform, is making positive steps in China and even its growth in Asia and internationally is interesting. “Booking.com is making headways domestically, growing very strongly in Asia and internationally,” he observed.

Regarding Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), Kurnos noted that it allows Priceline Group Inc (NASDAQ:PCLN) the opportunity to penetrate the Chinese market, which is one of the world’s fastest growing markets and popular destination for tourists.

Concerning whether Priceline Group Inc (NASDAQ:PCLN) has the money needed to take its brand acquisitions to the next level, Kurnos noted that they have the money, and even their acquisition of OpenTable comes as an interesting play. He also said that OpenTable Inc (NASDAQ:OPEN) is a brand that the company would be interested in taking to the next level, especially internationally where it has not been successful.

“Priceline has a long history of success taking standalone brands to the next level, particularly on an international basis, where OpenTable was struggling, and it would really be interesting to see as well if they ever will try to integrate Visa reservation into their booking platforms [...],” he said.

Priceline Group Inc (NASDAQ:PCLN) entered into an agreement to acquire OpenTable Inc (NASDAQ:OPEN) for $2.6 billion to in June.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!