Priceline

Operates Internet travel sites.

Headquarters:
800 Connecticut Ave.
Norwalk, CT 06854
Employees: 1,780
President: Jeffrey Boyd

Stock Symbol: PCLN

Priceline.com is an Internet-based travel service that pioneered the "Name Your Own Price" service. It lets customers bid on leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline provides online travel services in 27 languages in over 75 countries in Europe, North America, Asia, the Middle East and Africa.

Included in the priceline.com family of companies is Booking.com, a leading international online hotel reservation service and Agoda.com, an Asian online hotel reservation service.

Priceline.com says that Booking.com is Europe’s 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 addition to its Name Your Own Price travel services, priceline.com also operates the following sites: Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com.

For 2008, Priceline.com’s gross travel bookings were approximately $7.4 billion, a 53.2% increase over 2007. Full-year 2008 revenues were $1.9 billion, a 33.7% increase over a year ago. Net income was $193.4 million.

Gross travel bookings for the 4th quarter, which refers to the total dollar value, inclusive of all taxes and fees, of all travel services purchased by consumers, rose 22.9% year-over-year to approximately $1.5 billion.

"Priceline continued to grow and take market share in the United States and internationally despite very challenging global economic conditions", said priceline.com President and Chief Executive Officer Jeffery H. Boyd. "Worldwide recessionary conditions have resulted in lower overall travel demand and we have seen hotels significantly reduce their average daily rates in response to declining hotel occupancy rates."

History

Priceline launched its Internet site on April 6, 1998. The company went public on March 29, 1999. Star Trek actor William Shatner has appeared in numerous television commercials promoting Priceline.

Benefits

- Competitive Salaries
- Annual Bonus eligibility
- Medical and Dental Coverage
- 401(k) Savings and Investment Plan with Company Match
- Paid Time Off
- Travel Agent Discount Benefits

Updated February 25, 2009

Connecticut Job Source