Priceline Group chief executive Glenn Fogel says he’s eager for his company to catch up to online travel competitors in volumes for vacation homes and apartment rentals.
While Fogel didn’t name any names, it’s safe to assume that the top competitor in his mind is Airbnb, the largest online player in home and apartment rental reservations today. Airbnb has more than 3 million listings
Priceline Group executives, speaking during the company’s second quarter earnings call Tuesday, touted the growth in home-rental inventory at its largest brand, Booking.com.
During the quarter that ended June 30, Booking.com grew its inventory of instantly bookable vacation rentals to more than 721,000 properties — a 54 percent growth rate over the same period a year earlier.
This quarter was the fourth consecutive quarter of accelerating growth in inventory and more than twice the rate of growth of its hotel listings, the company stated.
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