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Article Excerpt
Business Editors/High-Tech Writers
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 21, 2003
Priceline Vacations Adds All-Inclusive Resorts; Reaches 1,700
Properties Milestone
Priceline.com (Nasdaq: PCLN), the Name Your Own Price(R) service, today announced expansions in two of its fastest-growing travel services. Priceline.com's hotel reservation service announced that it has added several new international destinations, including Australia, Japan, Indonesia, Malaysia, South Korea and Taiwan. And priceline.com's packaged vacations service announced the addition of all-inclusive resorts and said that it has achieved a milestone of over 1,700 properties now participating in its packaged vacations service.
Hotel rooms and packaged vacations are two of priceline.com's fastest-growing travel products. Recently, priceline.com reported that it sold a record 1.5 million hotel room nights in the 2nd quarter - a 38 percent year-over-year increase and a growth of 270,000 room nights over the 1st quarter 2003. Priceline.com's unit sales of packaged vacations (which include airfare and hotel) during the 2nd quarter grew by more than 100 percent over the same period a year ago.
"Priceline.com's hotel and vacation services have struck a chord with the market and we're pleased to further expand these product offerings for our customers," said priceline.com President and CEO Jeffery H. Boyd....
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