News for the Hospitality Executive
Hotels Providing Aggressive, Extremely Consumer-friendly
with Priceline.comís Name Your Own Price® Service
NORWALK, Conn.- February 18, 2009 - Itís a challenging time for corporate travel. First there was the faltering economy and layoffs. Then came media reports of lavish company spending on travel events, followed by the Treasury Department calling for firms receiving bailout money to adopt new policies for conferences and events.
Add them all up, and itís no surprise that The New York Times reported recently that conference attendance could drop by 12 percent this year, with a 9 percent drop in off-site meetings and corporate events. PKF Hospitality Research reported that, of the top 50 hotel markets it tracks, 40 will see a drop in occupied rooms for 2009.
Business travel cutbacks could have a silver lining for leisure travelers. ďLeisure travelers who want the most bang for their buck on vacation this year should look to the big cities that traditionally do a lot of business in conventions and corporate events,Ē said Brian Ek of priceline.com (Nasdaq: PCLN). Ek is priceline.comís in-house travel expert and editor of its travel blog www.priceline.com/travelblog/.
ďCities to check out would include Las Vegas, New York, New Orleans, Miami, San Francisco, Atlanta, Orlando, Dallas and Washington, DC. In these cities, leisure travelers are likely to find aggressive, consumer-friendly pricing on everything from vacation packages and hotel rooms, to theme park tickets, attractions and restaurants.Ē
Ek said that big city travel bargains are abundant on priceline.com www.priceline.com and its last-minute deals service www.priceline.com/pricebreakers. Here are some examples of the deals currently available.
Name Your Own Price® Hotel Rooms
Leisure travelers using priceline.comís Name Your Own Price® hotel service can save up to half off published prices found on other major online hotel reservation sites.* Here are examples of successful Name Your Own Price® offers made recently by priceline.com customers. Offers do not include taxes and fees. Prices and availability are not guaranteed and can change at any time. Priceline.comís Name Your Own Price® hotels service is different from fixed-price hotel services. With Priceline, customers receive information regarding their specific hotel after the transaction is completed.
By purchasing airline tickets and hotel rooms together in a Priceline Vacation Package, priceline.com customers can save up to $325 compared to the cost of purchasing air and hotel separately.* The vacation packages shown below were shopped on February 11, 2009 for the dates specified. All prices are per-person based on double occupancy. Prices and availability are not guaranteed and can change at any time.
Here are some examples of published-price round-trip tickets available on priceline.com this week. Prices include all taxes and airline fees. Priceline.com does not charge booking fees on its published-price domestic and international airfares. Customers can also save up to 40% over published fares by using priceline.comís Name Your Own Price® airline ticketing service.*
Leisure travelers using priceline.comís Name Your Own Price® rental cars service can save up to 30% over published prices found on other fixed-price rental car reservation services.* Here are examples of successful Name Your Own Price® offers made recently by priceline.com customers. Offers do not include taxes and fees. Prices and availability are not guaranteed and can change at any time. Priceline.comís Name Your Own Price® rental car service is different from fixed-price rental car services. With Priceline, customers receive information regarding their specific rental car company after the transaction is completed.
*VACATION PACKAGES: The $325 savings figure is based on an internal study comparing the price for travel for two passengers of booking a flight and hotel together using priceline.comís Vacation Packages to booking the same hotel and similar flight itinerary (same travel dates and origin and destination cities) separately on priceline.com. The Vacation Package price yielded a savings of up to $325 over the separate prices of the same hotel and similar flight itinerary.
*AIRLINE TICKETS: Over the last month, a substantial percentage of Name Your Own Price® airline ticket purchases have resulted in savings of up to 40% in comparison to the lowest published fares on other leading online sites for the same flight itinerary (same travel dates and origin and destination cities). Savings are not guaranteed and will vary based on offer price and availability. Airfares are subject to change frequently and there is no guarantee that an offer will be accepted. Priceline's Name Your Own Price® service is different from other travel sites. Exact airline and flight times are disclosed only after purchase. All sales are final.
*RENTAL CARS: The 30% savings claim is as compared to the lowest published rates by other leading online travel sites for the same itinerary. Rental Car savings are not guaranteed and will vary based on offer price, availability and actual itinerary.
About Priceline.com(R) Incorporated
Priceline.com believes that Booking.com is Europeís largest and fastest growing hotel reservation service, with a network of affiliated Web sites. Booking.com operates in over 70 countries in 21 languages and offers its customers access to over 60,000 participating hotels worldwide.
In the U.S., priceline.com gives customers more ways to save on their airline tickets, hotel rooms, rental cars, vacation packages and cruises than any other Internet travel service. In addition to getting great published prices, leisure travelers can narrow their searches using priceline.comís TripFilter advanced search technology, customize their search activity through priceline.comís Inside Track features, create packages to save even more money, and take advantage of priceline.comís famous Name Your Own Price® service, which can deliver the lowest prices available.
Priceline.com also operates the following travel websites: Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com. Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee. Priceline.com licenses its business model to independent licensees, including priceline mortgage and certain international licensees.
Brian Ek, 203-299-8167
|Also See:||Priceline.com Allows the Customer Opportunity to Name Their Own Price for More than 2.5 Million Empty Hotel Rooms per Month / Nov 1998|