During Priceline's fourth quarter earning call, Priceline Group CEO Darren Huston discussed Expedia Inc.’s deal to acquire Orbitz.
"'I don’t see the deal that Expedia’s made, if it passes, as being a negative for our group,' he said. 'For us, it’s all upside. We’re just staying focused on what we do well, and I’m sure Expedia is doing the same.'
Posturing or not, Huston welcomed Expedia’s consolidation of the OTA space.
'If you add all of our businesses and Expedia’s businesses together, it’s still less than 10% of the total opportunity space,' he said. 'If anything, it consolidates, clarifies competition. There’s still plenty of room to grow.'"
"'I don’t see the deal that Expedia’s made, if it passes, as being a negative for our group,' he said. 'For us, it’s all upside. We’re just staying focused on what we do well, and I’m sure Expedia is doing the same.'
Posturing or not, Huston welcomed Expedia’s consolidation of the OTA space.
'If you add all of our businesses and Expedia’s businesses together, it’s still less than 10% of the total opportunity space,' he said. 'If anything, it consolidates, clarifies competition. There’s still plenty of room to grow.'"
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Christopher Elliott