Type Public Revenue 10.64 billion USD (2016) | Industry Travel
Technology CEO Glenn D. Fogel | |
 | ||
Traded as NASDAQ: PCLN
NASDAQ-100 Component
S&P 100 Component
S&P 500 Component Founded 1997; 20 years ago (1997) Key people Glenn D. Fogel
(President and CEO) Products Booking.com
Priceline.com
Agoda.com
Kayak.com
Cheapflights
Rentalcars.com
momondo
OpenTable Stock price PCLN (NASDAQ) US$ 1,753.11 +4.78 (+0.27%)24 Mar, 4:00 PM GMT-4 - Disclaimer Headquarters Norwalk, Connecticut, United States Subsidiaries Priceline.com, KAYAK, Agoda, Booking.com B.V. Profiles | ||
Bto 2016 why we are leading the market the priceline group
The Priceline Group is an American-based provider of travel and related online services to consumers and local partners through six primary brands: Booking.com, Priceline.com, agoda.com, KAYAK, Rentalcars.com and OpenTable. Collectively The Priceline Group operates in over 200 countries and territories in over 40 languages. It made 86% of its bookings outside the United States in 2015 and is the biggest online travel agency worldwide.
Contents
Formerly known as Priceline.com LLC, the company was officially renamed in April 2014 to reflect its evolution to a company with multiple independently-operated brands. Booking.com is the company's "main platform".
In 2014, Darren Huston was named Chief Executive Officer of The Priceline Group, a role previously held by Jeff Boyd. On April 28, 2016, Huston was forced to resign following an extramarital affair. Boyd was named the Interim CEO. Glenn D. Fogel was named Chief Executive Officer and President effective January 1st, 2017
History
In 1997, Priceline.com, an online travel site, launched using its signature Name Your Own Price bidding model. In 1999, The Priceline Group underwent its initial public offering and reached $12.9 billion in market value on the first day, the highest first day value for a corporation at the time. This same year, the company also experimented with selling other products and services such as groceries, gasoline, home mortgages, cars, and more through its Name Your Own Price service. This offering was later discontinued in 2000.
Jeff Boyd was named Chief Executive Officer in 2002 and remained in that role until becoming Chairman of the Board for The Priceline Group in 2013.
Acquisitions
In 2004, the company acquired major stakes in Travelweb and Active Hotels.
In 2005, the company acquired Booking.com and merged it with Active Hotels.
In 2007, the company acquired Agoda.com, an Asian-based online hotel retailer.
In 2010, the company acquired TravelJigsaw, a multinational rental car service operated as rentalcars.com and Rideways.
In 2013, the company acquired kayak.com, a travel metasearch engine for $1.8 billion.
In 2014, the company acquired OpenTable for $2.6 billion.
In 2014, the company acquired Buuteeq and Hotel Ninjas for $98 Million. These services were merged to create Booking Suite.
In 2015, the company acquired Rocketmiles.
In 2017, the company acquired the Momondo Group for $550 million.