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e. Name your own price (NYOP) is a pricing strategy [1] under which buyers make a suggestion for a product’s price (unlike the traditional way where sellers quote a certain price) and the transaction occurs only if a seller accepts this quoted price. [2] What happens is that the seller waits for a potential buyer's offer and can then either ...
Priceline announced in May 2015 that it would invest an additional $250 million in Chinese online travel company Ctrip to tap the fast-growing China market. [12] Priceline officially ended its Name Your Own Price deals for flight bookings in 2016, [13] rental cars in 2018 [14] and hotels in 2020. [15]
In 1996, Jay S. Walker founded the company in Stamford, Connecticut, which launched Priceline.com, an online travel site, that used a Name Your Own Price bidding model. [4] In 1999, the company became a public company via an initial public offering, making Walker, who owned a 35% stake in the company, a multi-billionaire. [5] [4]
Year-to-date stock return. 28.8%. Market cap. $30 billion. Revenue, past 12 months. $5.06 billion. Net income, past 12 months. $1.36 billion. 1-year revenue growth
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The flight alert site said the average international airfare from the U.S. over the next three months is $401, and the average domestic flight costs $212 — collectively down an average of 29% ...
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cheapfareguru.com has been visited by 100K+ users in the past month