Travel websites operator Priceline Group Inc. reported a higher-than-expected quarterly profit, helped by higher hotel and rental car bookings, Reuters reported.
The operator of Booking.com, Priceline.com and Kayak.com said net income applicable to common stockholders rose to US$504.3 million in the fourth quarter ended December 31 from US$451.8 million a year earlier. Revenue rose 8.7 percent to US$2 billion.
Solid results for Priceline Group
