Increase In Retail Hotel Room Rates For
Summer 2005 / Priceline.com Survey
|NORWALK, Conn. - July 13, 2005 -- Hotel rooms are a little pricier
this summer. According to a new priceline.com(R) (Nasdaq: PCLN) survey
of retail hotel room prices in 35 cities for the June 15-August 15, 2005
period, the company found that, on average, hotel rates are up 9% year
Destination choice is a big wild card this year as summer vacationers search out travel bargains. For example, in cities like New York, average hotel prices were up almost 25% compared to the same period a year ago. However, in Las Vegas, average retail hotel prices are down 5% year over year.
"Vacationers will find the best deals this summer in places where average hotel prices have decreased or remained relatively constant," said Tim Gordon, priceline.com's Senior Vice President, Hotel Services. "This includes destinations like Las Vegas, San Diego, San Francisco and New Orleans."
Priceline.com now gives hotel customers a choice when booking their hotel rooms. They can pick the exact hotel and room type they want from a broad assortment of thousands of hotels, all with prices published up-front. Or, for even deeper savings, they can Name Their Own Price(R) and let priceline.com find a hotel at the star level they want in the neighborhood they want. Either way, priceline.com has the hotel to make any vacation a special one.
Where Summer Hotel
Where Summer Hotel
* Priceline.com computed its average retail price changes based on rooms booked through priceline.com's Travelweb business unit, which sells hotel rooms on a published-price basis.
In addition to picking destinations where summer pricing changes are favorable to consumers, Mr. Gordon offered these money-saving summer travel tips:
Priceline.com www.priceline.com is a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline.com recently expanded its services, so customers now have a choice: they can pick from a broad selection of published flights, hotels, rental cars and packages at published prices or, for deeper savings, they can use priceline.com's Name Your Own Price(R) service for their travel needs. Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee.
Priceline.com operates one of Europe's fastest growing hotel reservation services through Activehotels.com, Activereservations.com and priceline.co.uk. The company also operates the following travel web sites: Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com. Priceline.com licenses its business model to independent licensees, including priceline mortgage and certain international licensees.
|Also See:||Hilton Hotels Corp. Initiates Distribution Standard and Online Accreditation Process for Third Party Online Travel Sites / Expedia.com and Hotels.com Are the First Fully Accredited Distributors, Hotwire.com, Priceline.com, and Travelweb.com Have Received Temporary Accreditation / June 2005|
|For Lowest Price - Travelers Advised to Check the Big Three Online Travel Web Sites First, Travelocity.com, Expedia.com and Orbitz.com - Then Surf the Web / March 2005|