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Business Travel Flap Could Have Silver Lining for Leisure Travelers

NORWALK, Conn.--(BUSINESS WIRE)--Feb. 17, 2009-- It’s a challenging time for corporate travel. First there was the faltering economy and layoffs. Then came media reports of lavish company spending on travel events, followed by the Treasury Department calling for firms receiving bailout money to adopt new policies for conferences and events.

Add them all up, and it’s no surprise that The New York Times reported recently that conference attendance could drop by 12 percent this year, with a 9 percent drop in off-site meetings and corporate events. PKF Hospitality Research reported that, of the top 50 hotel markets it tracks, 40 will see a drop in occupied rooms for 2009.

Business travel cutbacks could have a silver lining for leisure travelers. “Leisure travelers who want the most bang for their buck on vacation this year should look to the big cities that traditionally do a lot of business in conventions and corporate events,” said Brian Ek of priceline.com (Nasdaq: PCLN). Ek is priceline.com’s in-house travel expert and editor of its travel blog www.priceline.com/travelblog/. “Cities to check out would include Las Vegas, New York, New Orleans, Miami, San Francisco, Atlanta, Orlando, Dallas and Washington, DC. In these cities, leisure travelers are likely to find aggressive, consumer-friendly pricing on everything from vacation packages and hotel rooms, to theme park tickets, attractions and restaurants.”

Ek said that big city travel bargains are abundant on priceline.com www.priceline.com and its last-minute deals service www.priceline.com/pricebreakers. Here are some examples of the deals currently available.

Name Your Own Price® Hotel Rooms

Leisure travelers using priceline.com’s Name Your Own Price® hotel service can save up to half off published prices found on other major online hotel reservation sites.* Here are examples of successful Name Your Own Price® offers made recently by priceline.com customers. Offers do not include taxes and fees. Prices and availability are not guaranteed and can change at any time. Priceline.com’s Name Your Own Price® hotels service is different from fixed-price hotel services. With Priceline, customers receive information regarding their specific hotel after the transaction is completed.

  • Las Vegas, 4-star, Las Vegas Strip, $90 a night.
  • Chicago, 3-star, North Michigan Avenue, $79 a night.
  • Orlando, 4-star, Disney World Vicinity, $98 a night.
  • New York City, 3-star, Downtown/Soho/Financial District, $150 a night.
  • Dallas, 4-star, Downtown Area, $100 a night.
  • Atlanta, 3-star, Downtown Area, $65 a night.
  • New Orleans, 3-star, French Quarter, $60 a night.
  • San Francisco, 4-star, Union Square East, $110 a night.
  • Miami, 3-star, Coral Gables/Coconut Grove, $55 a night.
  • Washington, DC, 3-star, Convention Center/Capitol Hill Area, $66 a night.

Priceline Vacation Packages

By purchasing airline tickets and hotel rooms together in a Priceline Vacation Package, priceline.com customers can save up to $325 compared to the cost of purchasing air and hotel separately.* The vacation packages shown below were shopped on February 11, 2009 for the dates specified. All prices are per-person based on double occupancy. Prices and availability are not guaranteed and can change at any time.

  • San Francisco, $214. Includes round-trip airfare from Los Angeles and 3 nights accommodations at the 3-star Holiday Inn Fisherman’s Wharf (3/6-3/9).
  • Las Vegas, $316. Includes round-trip airfare from Denver and 2 nights accommodations at the 3.5 star Las Vegas Hilton (3/27-3/29).
  • Orlando, $721. Includes round-trip airfare from Atlanta and 5 nights accommodations at the 4 star Peabody Orlando (3/16-3/21).
  • New York City, $284. Includes round-trip airfare from Boston and 2 nights accommodations at the 3.5 star Club Quarters Downtown (4/3-4/5).
  • New Orleans, $303. Includes round-trip airfare from Chicago and 3 nights accommodations at the 4-star Intercontinental New Orleans (3/6-3/9).

Airline Tickets

Here are some examples of published-price round-trip tickets available on priceline.com this week. Prices include all taxes and airline fees. Priceline.com does not charge booking fees on its published-price domestic and international airfares. Customers can also save up to 40% over published fares by using priceline.com’s Name Your Own Price® airline ticketing service.*

  • Philadelphia to Orlando, $212.
  • Boston to New York City, $137.
  • Denver to Phoenix, $169.
  • Washington, DC, to Las Vegas, $292.

Name Your Own Price® Rental Cars

Leisure travelers using priceline.com’s Name Your Own Price® rental cars service can save up to 30% over published prices found on other fixed-price rental car reservation services.* Here are examples of successful Name Your Own Price® offers made recently by priceline.com customers. Offers do not include taxes and fees. Prices and availability are not guaranteed and can change at any time. Priceline.com’s Name Your Own Price® rental car service is different from fixed-price rental car services. With Priceline, customers receive information regarding their specific rental car company after the transaction is completed.

  • Atlanta, compact, $13 a day.
  • Dallas, mid-size, $15 a day.
  • Chicago, economy, $12 a day.
  • Las Vegas, economy, $12 a day.
  • Orlando, economy, $12 a day.
  • Los Angeles, full-size, $15 a day.

*HOTELS: Over the last 12 months, a substantial percentage of accepted offers using priceline.com’s Name Your Own Price® reservation system have resulted in savings of up to 50% in comparison to the lowest published rates on other leading travel sites for the same itinerary.

*VACATION PACKAGES: The $325 savings figure is based on an internal study comparing the price for travel for two passengers of booking a flight and hotel together using priceline.com’s Vacation Packages to booking the same hotel and similar flight itinerary (same travel dates and origin and destination cities) separately on priceline.com. The Vacation Package price yielded a savings of up to $325 over the separate prices of the same hotel and similar flight itinerary.

*AIRLINE TICKETS: Over the last month, a substantial percentage of Name Your Own Price® airline ticket purchases have resulted in savings of up to 40% in comparison to the lowest published fares on other leading online sites for the same flight itinerary (same travel dates and origin and destination cities). Savings are not guaranteed and will vary based on offer price and availability. Airfares are subject to change frequently and there is no guarantee that an offer will be accepted. Priceline's Name Your Own Price® service is different from other travel sites. Exact airline and flight times are disclosed only after purchase. All sales are final.

*RENTAL CARS: The 30% savings claim is as compared to the lowest published rates by other leading online travel sites for the same itinerary. Rental Car savings are not guaranteed and will vary based on offer price, availability and actual itinerary.

About Priceline.com(R) Incorporated

Priceline.com Incorporated (Nasdaq: PCLN) www.priceline.com provides online travel services in 27 languages in over 75 countries in Europe, North America, Asia, the Middle East and Africa. Included in the priceline.com family of companies is Booking.com, a leading international online hotel reservation service, priceline.com, a leading U.S. online travel service for value-conscious leisure travelers, and Agoda.com, an Asian online hotel reservation service.

Priceline.com believes that Booking.com is Europe’s largest and fastest growing hotel reservation service, with a network of affiliated Web sites. Booking.com operates in over 70 countries in 21 languages and offers its customers access to over 60,000 participating hotels worldwide.

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 great published prices, leisure travelers can narrow their searches using priceline.com’s TripFilter advanced search technology, customize their search activity through priceline.com’s Inside Track features, create packages to save even more money, and take advantage of priceline.com’s famous Name Your Own Price® service, which can deliver the lowest prices available.

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.

Source: Priceline.com Incorporated

priceline.com
Brian Ek, 203-299-8167
brian.ek@priceline.com

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