Friday, May 6, 2011

Priceline on the Rise

Priceline.com recently reported that its income for the first quarter has nearly doubled.  Priceline specializes in not only hotels, but flights and rental cars as well.  This booking business attributes its recent success to international bookings.  The international revenue reportedly grew by 80 percent.  Priceline is expecting profits to continue raising as more international trips are being booked.

I think this just shows us that businesses are spreading and people from other countries are using the same resources that we are.  It's a little surprising that people are taking more trips, considering the state of the economy.  But that doesn't mean the economy here is the same as the rest of the world.

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