Growth Good But Slowing at Priceline, Orbitz Struggles…

US online travel star Priceline.com reported a net profit increase of 37% to US$352m for the second quarter but warned growth will slow due to economic uncertainty in Europe.  Its global hotel business booked 50m hotel room nights between April and June through the Priceline, Booking.com and Agoda.com brands – up 39% over the previous year. Orbitz, meanwhile, struggled with a 3% increase in hotel room nights.

One bright spot, said Orbitz CEO Barney Harford, has been sales through mobile devices. “We  continue to see very strong growth in mobile (which) now represents 20% of Orbitz.com standalone hotel transactions,” he said.

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