China has
been unkind to the U.S. Internet giants Google, Facebook and Amazon.com.
But as a
growing China spurs demand for foreign travel, a smaller player—Priceline
Group-trying to change the narrative.
Darren Huston, who took over the CEO role at Priceline, said at a Goldman Sachs
conference that he’s spent a lot of time in China and called it a “high
priority of mine to had a place in the Chinese market.”
Unique to
China, Darren Huston said, that the current growth driver was outbound travel, meaning the
most important piece was capturing revenue as people go abroad. Both
Booking.com and Agoda.com were supplying inventory to Ctrip, expanding the
likelihood that consumers will land on a Priceline property when searching for
a hotel.
Read Full Article @ https://www.cnbc.com/2015/08/13/priceline-the-only-big-us-web-company-thats-figured-out-china.html
Priceline CEO Darren Huston steps up
Priceline is a US company had taken a big step. Darren Huston who was the CEO of priceline at that time said that chinese market is the big priority for him as he was spending a lot of time in china.
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