Company profile

Future of The Priceline Group

#
Rank
649
| Quantumrun Global 1000

The Priceline Group is the world’s largest online travel agency based in the United States. The company was previously known as Priceline.com LLC but was renamed to reflect its evolution to a company with multiple independently-operated brands in April 2014. The Priceline Group provides its online travel and other related services to local partners and consumers through six main brands which are Booking.com, agoda.com, partners through six primary brands: Booking.com, Priceline, OpenTable, Rentalcars.com, and KAYAK. The main platform of the company is Booking.com.

Home Country:
Industry:
Business & Personal Services
Founded:
2003
Global employee count:
18500
Domestic employee count:
3600
Number of domestic locations:
33

Financial Health

Revenue:
$10743006000 USD
3y average revenue:
$9469654667 USD
Operating expenses:
$7408379000 USD
3y average expenses:
$5750699000 USD
Funds in reserve:
$2081075000 USD
Market country
Revenue from country
0.72

Asset Performance

  1. Product/Service/Dept. name
    Agency
    Product/Service revenue
    7982116000
  2. Product/Service/Dept. name
    Merchant
    Product/Service revenue
    2048005000
  3. Product/Service/Dept. name
    Advertising and others
    Product/Service revenue
    712885000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the business services sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the business services world. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white and blue-collar employees.

*Blockchain technology will be co-opted and integrated into the operations of a range of business services providers, significantly reducing transaction costs and automating complex contract agreements.

COMPANY’S FUTURE PROSPECTS

Company Headlines