Priceline Group's Boyd on Travel Industry Headwinds

The video discusses the impact of terror attacks and Brexit on the travel industry, highlighting how Priceline adapts to these challenges. It explores competition with Google, growth strategies, and the Marriott-Starwood merger. The video also touches on the US election's potential impact on travel and economic forecasts for 2017.

How did Priceline manage to maintain strong performance despite the impact of terrorism on travel demand?

• By reducing prices significantly

• By increasing advertising in affected areas

• By focusing solely on domestic markets

• Through the diversity of its global business

What effect did the Brexit vote have on travel demand according to the transcript?

• Increased travel from the UK to Europe

• Decreased travel from the US to the UK

• No significant change in travel patterns

• The UK became a more attractive destination for US and European travelers

How does Priceline's technology help manage currency fluctuations?

• By offering fixed prices regardless of currency changes

• By automatically updating prices based on currency changes

• By using a third-party service to adjust prices

• By manually adjusting prices daily

What is Priceline's main area of business compared to Expedia?

• Car rentals

• Hotel bookings

• Cruise packages

• Flight bookings

What is one of the goals of the Marriott-Starwood merger?

• To reduce the number of available hotel rooms

• To focus solely on luxury travel

• To drive more traffic to their own websites

• To increase competition with Priceline

What impact does the US presidential election have on international travel according to the transcript?

• It encourages more domestic travel within the US

• It significantly boosts travel to the US

• It may negatively affect international travel due to discussions on immigration

• It has no impact on travel patterns

What is Priceline's approach to acquisitions in the travel industry?

• They actively participate in the market and consider various opportunities

• They have a passive approach to acquisitions

• They only acquire companies in the US

• They avoid acquisitions to focus on organic growth