Priceline Posts Strong Q3 2014, Fears Slowdown in Q4 Due To Economic And Natural Crises

Priceline Group, the online travel giant and the owner of Booking.com, Kayak and OpenTable, posted its Q3 2014 earnings on November 4th. The Group reported revenue of $2.8 billion, reflecting a 22% year-on-year growth. This was aided by a 28% increase in the gross bookings (which refers to the total dollar value, generally inclusive of all taxes and fees, of all travel services purchased by its customers), to $13.8 billion. The growth was broad-based, with increases of 27% in hotel room nights, ...