Priceline CEO on Strategy, Airbnb Competition and China

The video features an interview with Priceline CEO Glenn Fogel, discussing the company's strategy to maintain its market lead by leveraging technology to serve both travelers and suppliers. Fogel addresses the impact of Google's EU fine, potential benefits for Priceline, and responds to monopoly claims. He also discusses competition with Airbnb and the expansion of Priceline's home rental offerings. The partnership with Chinese travel giant Ctrip is highlighted, emphasizing mutual benefits and future collaboration.

What has been the primary strategy of Priceline under Glenn Fogel's leadership?

• Focusing solely on hotel bookings

• Reducing technological investments

• Providing excellent service to both travelers and suppliers

• Expanding into new markets

How does Glenn Fogel view the EU's fine on Google?

• As a major threat to Priceline

• As an opportunity for Priceline to benefit

• As a reason to end the partnership with Google

• As a non-issue for Priceline

What is Glenn Fogel's response to claims of Priceline being monopolistic?

• He is indifferent to the claims

• He agrees with the claims

• He believes the claims are exaggerated

• He plans to reduce market share

What is Priceline's approach to competition from Airbnb?

• Partnering with Airbnb

• Ignoring Airbnb's growth

• Expanding their home apartments and villa offerings

• Focusing on traditional hotel bookings

What is the key feature of Priceline's home-villa apartment offerings?

• They are cheaper than competitors

• They are instantly bookable

• They are available only in Europe

• They offer luxury accommodations only

How does Glenn Fogel view the partnership with Ctrip?

• As a minor part of Priceline's strategy

• As a temporary arrangement

• As a beneficial and long-term relationship

• As a competitive threat

What is Glenn Fogel's stance on predicting future business moves?

• He follows competitor strategies

• He relies on market trends

• He avoids making predictions

• He frequently makes predictions