Priceline Hits 100 Million Room Nights Booked In A Single Quarter Mark | Travolution
International operations contributed a first quarter gross profit of $1.4 billion to online travel giant Priceline Group, a rise of 16% on the same period last year.
The group’s overall gross profit for the three months rose by 19% to $1.7 billion.
Adjusted earnings [EBITDA] for the period to March 31 was $532 million, an increase of 4% year-on-year. This came as the value of total bookings for the quarter grew by 12% to $13.8 billion.
The group is targeting adjusted EBITDA of $715 million-$765 million in the second quarter of the year.
US-based Priceline runs brands such as Booking.com and Kayak.
