Hotel bookings at the Priceline Group grew 53% in the 4th quarter of 2011, led by strong results outside its US base. “We believe that Booking.com, Agoda and priceline.com gained share (and are) experiencing strong growth in Asia and other newer markets,” said President Jeffrey H. Boyd. But growth will slow due to the “sheer size of the business” and weak European economic conditions. He also identified car rental as a big opportunity.
“”During the fourth quarter we rebranded TravelJigsaw as ‘rentalcars.com’. Our worldwide car reservation service delivered 34% growth in rental car days during the 4th quarter comparted to the prior year, with rentalcars.com growing well in excess of that rate. Rentalcars.com had an outstanding year and we are excited about the global online rental car opportunity.”