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
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
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
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
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
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
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
Source: Priceline.com Incorporated
Brian Ek, 203-299-8167