Priceline.com Flies High

Amid worries about consumers tightening their wallets, the online travel services’ name-your-own pricing system grows more popular
By
Ben Steverman

A weak economy, it is assumed, will cause consumers to cut back on their travel spending. Not if the price is right. Just look at Priceline.com (PCLN), which reported a 62% jump in global bookings in the past year to $1.2 billion, while revenue rose 29% and profits surged 136%.

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