NORWALK, Conn.-Nov. 5, 2007--Priceline.com(R) (Nasdaq:
PCLN) announced today that it will permanently eliminate airline ticket booking
fees on all published domestic and international fares. This means that, in most
cases, priceline.com customers will pay less for their tickets than they would
at other major full-service online travel reservation services, including
Expedia, Travelocity and Orbitz.
The booking fee elimination applies to all priceline.com tickets purchased on
a published-price basis and does not apply to priceline.com's Name Your Own
Price(R) airline ticketing service, which already delivers some of the deepest
discounts among the so-called opaque ticketing services. In a recent internal
study of the top 100 customer searches for domestic airline tickets,
priceline.com had a Name Your Own Price(R) fare available for purchase
significantly more often than the other opaque airline tickets service. In those
cases where both services had an opaque fare available, priceline.com had the
lower all-in price approximately 90% of the time.
"Today's announcement reinforces priceline.com's brand position as the online
travel service with the best deals," said priceline.com President and Chief
Executive Officer Jeffery H. Boyd. "We already offer consumers an easy, one-stop
way to do comparative ticket searches for most popular airlines, flights and
prices. With our new no-booking-fee policy, priceline.com customers can get the
best possible price on their tickets no matter which flight they choose."
To check out priceline.com's no-booking-fee airline tickets service, visit
http://www.priceline.com/flights/.
Customers choosing priceline.com for their airline tickets will enjoy other
significant benefits besides no booking fees. In addition to round-trips on the
same airline, priceline.com allows customers to "mix-and-match" their flights,
choosing one airline and itinerary for the outbound leg of their trip and
another for the return, also without a booking fee. Combining airlines can
improve itineraries and savings, which is why approximately 20% of
priceline.com's retail tickets now sold include two carriers. When these types
of tickets are sold through other online travel reservation agencies, or via
meta-search site referrals, customers typically pay a booking fee. Priceline.com
customers also have the ability to easily package their airline tickets with a
discounted hotel and/or rental car from priceline.com's collection of thousands
of partner hotels and rental car companies around the world.
About Priceline.com(R) Incorporated
Priceline.com Incorporated (Nasdaq: PCLN) operates priceline.com, a leading
U.S. online travel service for value-conscious leisure travelers, and
Booking.com, a leading international online hotel reservation service. 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 the best published prices, leisure
travelers can narrow their searches using priceline.com's TripFilter(TM)
advanced search technology, create packages to save even more money, and take
advantage of priceline.com's famous Name Your Own Price(R) service, which can
deliver the lowest prices available.
Booking.com operates one of Europe's fastest growing hotel reservation
services through a network of affiliated Web sites. Booking.com operates in over
60 countries in 16 languages and offers its customers access to approximately
38,000 participating hotels worldwide.
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.