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Priceline and Expedia put focus on vacation-rental business

from Travel Weekly

The Priceline Group made it clear that its recent surprise shuffling of CEOs, which brought back a familiar face to lead the OTA, would not result in the company shifting its focus on alternative accommodations. Jeffery Boyd, the former longtime Priceline CEO who will oversee the company while it seeks a successor to Darren Huston, told analysts on the first-quarter earnings call that the company will continue to try to broaden its base of 422,000 "instantly bookable" vacation-rental properties as a complement to its core hotel-booking services. more

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