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The Priceline Group Inc. Message Board

  • workingretiree65 workingretiree65 May 6, 2011 9:33 AM Flag

    Details on Goldman

    She must have been smoking something during the conference call. The entire Analyst Q&A was about growth internationally and how PCLN continues to dominate amd increase hotel inventory in all regions of the world ... and Chung just picks of Europe here ... she needs to be fired.

    Chung concludes that Priceline will “decreasingly benefit from the dual tailwinds of market share gains and online hotel bookings penetration growth in Europe,” pointing out that Priceline’s market share of online leisure hotel bookings in Europe was approaching 50%, up from 10% in 2006. Given the company’s Q2 international bookings growth guidance of 56%, down from 80% in Q1, “we now see this deceleration coming earlier than we originally anticipated.”

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