In this tough recession priceline does outperform its competition. The share price increased by 16% after the 4th quarters earnings result got published.
The key to their sales success is a NO-FEE charge!
http://community.investopedia.com/news/IA/2009/Priceline-Soars-Above-The-Competition-PCLN0225.aspx
Mahaney (Citigroup analyst) says Priceline is one of the most defensive Internet stocks because more than 60% of its bookings/profits are in Europe and counter-cyclical U.S. hedges. He thinks the company has travel segment's best management team.
http://www.businessweek.com/investor/content/feb2008/pi20080215_847523.htm?chan=top+news_top+news+index_investing
The output of US transportation services, which is a driver for travel agencies and services, is forecast to grow at an annual compounded rate of 4 percent between 2008 and 2013. Data Sourced: December 2008
The First Research Industry Growth Rating reflects the expected industry growth relative to other industries, based on INFORUM's forecasted average annual growth for the combined years of 2009 and 2010.
http://www.hoovers.com/priceline.com/--ID__58847--/free-co-factsheet.xhtml
But who is the cheapest travel agent. I ran a price-test of a round trip to germany over this summer.
New York to Hamburg - July 1st / Hamburg to New York - August 10th
Priceline: $ 951
Expedia: $ 989.60
Orbitz: $992
Travelocity: $ 993
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