When you think of the leading players in online travel globally, Priceline and Expedia might be near the top of your list. But, would you immediately place Ctrip, the Shanghai-based travel agency, in the upper echelons, as well?
No wonder so much talk of travel company IPOs – markets booming for Expedia and Priceline
December 4, 2009 By 5 Comments
The apparent disconnect between what the CFOs say about how appalling the economy is for customers and companies alongside what investors think is never clearer than when checking share performance for 2009.
And if the performance of some travel and technology firms is anything to go it is hardly surprising that the likes of Kayak, Amadeus and Travelport – to name just three – are being mentioned as likely candidates for an IPO in 2010.
Take the three big publicly listed online travel agencies in the US.
Priceline overtakes Expedia in market capitalization
November 17, 2009 By 5 Comments
Perhaps it symbolizes a passing of the torch or maybe it’s merely a temporary phenomenon, but Priceline.com, perennially a little guy when compared with Expedia Inc., has overtaken Expedia Inc. in the size of their respective market capitalizations.
As of today, Nov. 17, 2009, Priceline’s market cap stood at $9.17 billion.
Expedia Inc.’s market cap registered at $7.21 billion.
Priceline downplays the significance of the market-cap numbers, while others tell me it’s a big deal in terms of investor confidence.
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