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Priceline announced in May 2015 that it would invest an additional $250 million in Chinese online travel company Ctrip to tap the fast-growing China market. [12] Priceline officially ended its Name Your Own Price deals for flight bookings in 2016, [13] rental cars in 2018 [14] and hotels in 2020. [15]
In July 2005, the company was acquired by Priceline Group (now called Booking Holdings) for $133 million, and was merged with ActiveHotels.com, a European online hotel reservation company, purchased by Priceline Group for $161 million in September 2004. [6] In 2006, Active Hotels Limited changed its name to Booking.com Limited. [7]
Booking Holdings Inc. is an American travel technology company incorporated under Delaware General Corporation Law and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda, Kayak, Cheapflights, Rentalcars.com, Momondo, and OpenTable.
Initial funding came by founding partner Texas Pacific Group (TPG), a leading private equity firm that Karl Peterson used to work for, that invested an initial $75 million into Hotwire. [3] Hotwire first offered tickets from six major airlines, that also invested into Hotwire's launch: American , Northwest (now Delta ), Continental (now United ...
In April 2017, the Tourism Minister of Thailand called for Agoda among others to drop illegal and unregistered hotels. [21] Agoda was the primary company criticized, and its success is part of what led the Ministry of Tourism & Sports to create a competitive hotel booking website. [22]
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In 2003, Rich Barton resigned as CEO and was replaced by Erik Blachford. [9]In December 2004, Dara Khosrowshahi was announced as CEO. [10]In March 2017, Chelsea Clinton was named to the board of directors of Expedia, with compensation of $45,000 a year in cash, plus $250,000 a year in stock vesting over three years.
Priceline may refer to: Priceline.com , a commercial website which helps users obtain discount rates for travel-related items such as airline tickets and hotel stays The Priceline Group , a provider of online travel & related services, and a parent company of Priceline.com