Travel News: Priceline.com Inc (PCLN)’s Bookings, Tripadvisor Inc (TRIP) Apps & Orbitz Worldwide, Inc. (OWW)’s CEO

Page 1 of 2

Editor’s Note: Related Tickers: Priceline.com Inc (NASDAQ:PCLN), Tripadvisor Inc (NASDAQ:TRIP), Orbitz Worldwide, Inc. (NYSE:OWW), Expedia Inc (NASDAQ:EXPE), Travelzoo Inc. (NASDAQ:TZOO)

Priceline tops estimates as bookings, sales rise (MarketWatch)
Hedge Fund Billionaires Are Hoarding These 5 StocksPriceline.com Inc (NASDAQ:PCLN) on Thursday reported first-quarter earnings that rose 34% from a year ago as the online travel agency continued to see gains in areas such as total bookings and sales of hotel-room nights. Those results topped the estimates of analysts surveyed by FactSet, who had forecast Priceline to earn $5.27 a share on $1.27 billion in revenue. Priceline.com Inc (NASDAQ:PCLN) said that its total booking for all products rose 36.4%, to $9.2 billion, while hotel-room nights sold reached 63.2 million rooms, an increase of almost 38% from the same period a year ago.

TripAdvisor’s Apps Are Building Traffic And Revenue (Investor’s Business Daily)
At Newton, Mass.-based Tripadvisor Inc (NASDAQ:TRIP), users downloaded 45 million apps monthly during the quarter ended in December, a 190% jump from the prior year. Its apps include TripAdvisor, replete with millions of reviews of hotels and eateries, City Guide, describing 82 global destinations, and SeatGuru, which offers color-coded seating maps for plane flights. Apps are playing a pivotal role in a company’s marketing. Nonetheless, heavy-handed selling via apps irks consumers and can backfire. At Tripadvisor Inc (NASDAQ:TRIP), its website and social media are now intertwined. When consumers log on to it on Facebook (FB), it lists all of the subscriber’s Facebook friends that use TripAdvisor. So consumers traveling to Paris or London can check with friends for advice on overseas hotels or restaurants.

HotelClub Making Progress on “Turnaround” Says Harford (Travel Trends)
Orbitz Worldwide, Inc. (NYSE:OWW) CEO Barney Harford said his company is seeing better results from HotelClub, its under-performing Asia Pacific accommodation website. “We’re feeling great about the progress of the HotelClub turnaround and are seeing promising growth,” he said. HotelClub has been struggling for a number of years and had its value written down by $US50 million to zero in the 2011 Orbitz full year results. It runs three websites: HotelClub.com, RatesToGo.com and AsiaHotels.com. Meanwhile, Michael O. Randolfi, Chief Financial Officer at Orbitz Worldwide, Inc. (NYSE:OWW), said in the first quarter “net revenue grew 7% year-over-year to UIS$202.9 million and adjusted EBITDA came in at $21.6 million, up 5% from the first quarter last year.”

Vacations boost pleasure, Expedia study finds (Travel Daily News International)
Expedia.com released the results of an online survey conducted on their behalf by Harris Interactive, which was designed to examine the link between vacations and happiness. The Expedia Pleasure Index found that consumers link their personal happiness to vacations. 86% of Americans pair the two, and those who vacation three or more times per year are more likely to do so than those who travel two or fewer times. While unsurprising that vacations bring happiness, what is surprising are the institutions that vacations surpass. Americans report that vacations make them happier than their marriages, their religions, weddings, birthdays and even their cats. Expedia Inc (NASDAQ:EXPE) has formally launched its 2013 Summer Sale to help consumers find the happiness they crave.

Antitrust review of Kayak deal is done, says Priceline (Travel Weekly)
Priceline.com Inc (NASDAQ:PCLN) set a May 21 closing date for the Kayak buyout after reporting that antitrust reviews have been completed. Priceline in March said its $1.8 billion acquisition of the travel metasearch leader would be delayed by a review from U.K. antitrust regulators. Priceline announced the acquisition last November, and initially set a first-quarter deadline. Last year, 82% of Priceline.com Inc (NASDAQ:PCLN)’s gross sales were booked outside of the U.S., likely triggering the review from the U.K. Office of Fair Trading.

Travelzoo’s user base can balloon (MSN Money)
With rapid changes in global technology, it is important for online travel companies to stay in line with changing consumer preferences. Leveraging the rising mobile user base and growth in social platforms is one of the key strategy for Travelzoo Inc. (NASDAQ:TZOO)’s long term growth. The company has remained committed to investing in new product development which has helped…

Page 1 of 2
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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

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!