Priceline.com (PCLN), a part of The Priceline Group recently launched the “Explore” functionality on iPad app. Travelers can now search for flights and real-time pricing without specifying any particular destination.
Explore brings travel exploration, research and booking capabilities on a single platform. The new app is an improvement over Priceline.com’s existing app. The app provides an easy-to-navigate graphical map of the world and an extensive range of improved and innovative search capabilities that enable users to select a destination and travel experience of their choice.
The new app is powered by Travelport Flex Explore search technology. The app helps travelers access customized global searches on a local level through an interactive touch-screen map.
Priceline remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for Priceline’s innovative products and services is likely to augment its overall revenues.
Priceline.com Incorporated has pioneered a unique e-commerce pricing system known as a demand collection system that enables consumers to use the Internet to save money on a wide range of products and services while enabling sellers to generate incremental revenues.
Priceline reported revenues of $2.27 billion in the third quarter of 2013, representing a sequential increase of 35.1% and a year-over-year increase of 33.0%. While both channels grew in the last quarter, agency was again much stronger than merchant. Priceline’s strong results indicate share gains in both domestic and international markets.
Currently, Priceline has a Zacks Rank # 2 (Buy). Other stocks that provide an attractive investment option this season are Geeknet Inc (GKNT) and Autobytel Inc (ABTL), both with a Zacks Rank # 1 (Strong Buy) and Netflix Inc (NFLX) with a Zacks Rank # 2 (Buy).
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment