Darren Huston, booking.com boss has been handed over the control of the company Priceline by its former CEO and President Jeff Boyd. This is a development straight out of the leftfield.
Darren Huston will continue his role as Booking.com CEO as he also takes on the daunting task of filling the shoes of Boyd, a figure at the centre of one of the most successful businesses in the history of the web, let alone the travel sector.
Priceline Group Inc. has stepped up its spree of acquisition by purchasing OpenTable Inc. in a deal $2.60 billion deal, adding restaurant reservations to an online travel business already spanning hotels, flights and cars.
The OpenTable deal is the first big move for Priceline Chief Executive Officer Darren Huston, who took over in January with a challenging task: continue to fuel growth after his predecessor .
Darren Huston - Priceline flies into the restaurant business with $2.6 billion OpenTable deal
Darren Huston, CEO of the Priceline Group said “They provide us with a natural extension into restaurant marketing services and a wonderful and highly-valued booking experience”. “We look forward to helping the OpenTable team accelerate their global expansion.”
Priceline is snapping up restaurant-reservation platform OpenTable for $2.6 billion in cash, expanding the traditionally travel-only booking site’s services.
The online travel site Priceline has been buying its way to growth over the past decade, acquiring rivals Booking.com and Kayak.com. This latest purchase will help the company go beyond cars, hotels, and air flights.
Darren Huston further said “It’s critical to understand it’s the same customers, travelers are diners”. This is another leg of the stool for the Priceline Group.
Priceline CEO Darren Huston said in the earnings release that "the summer travel season got off to a strong start." Customers booked $15 billion in airfares, hotel reservations and other travel services in the second quarter.
Darren Huston added that the third quarter could be "the largest quarter in our company's history."
The company expected the good times to continue.
The online travel company once reported earnings for a day that blew away Wall Street's forecasts, sending Priceline's stock up 6%. It hit a new all-time high of nearly $1,400 a share before pulling back a bit.
That's not a misprint. Priceline (PCLN) became the the highest-priced stock in the S&P 500 ... by far.
Priceline's market value went around $70.5 billion -- almost $20 billion higher than Uber.
Priceline CEO Darren Huston earned nearly $17.9 million in 2013 which was very good year for the company.
Here’s the breakdown of Darren Huston’s 2013 compensation, which occurred prior to his becoming Priceline Group CEO on January 1, 2014.
Darren Huston’s 2013 bonus was based on his being the CEO of Booking.com and its “excellent” performance, a Priceline financial filing states, as well as the additional duties he took on last year to be responsible for the Group’s inter-brand relations.
You might think of Huston’s role last year in coordinating relations between and technology-sharing among Booking.com, Priceline.com, Kayak, Agoda, and rentalcars.com in 2013 as sort of a CEO internship and a prelude to his taking the top spot in 2014, replacing Jeffery Boyd as CEO of the Priceline Group.
Darren Huston has sizable shoes to fill as Priceline’s CEO. The pieces are in place for him to extend Boyd’s record of accomplishments, but the sense of uncertainty among investors is justified. Much like Huston’s former company Microsoft, when Bill Gates handed the reins to Steve Ballmer, Priceline is changing the guard after an impressive run.
Darren Huston - Priceline is snapping up restaurant-reservation platform OpenTable for $2.6 billion in cash, expanding the traditionally travel-only booking site’s services.
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As per Darren Huston, the largest selection of hotels, homes, and vacation rentals remarks, The most famous piece of New York City is 'Statue of Liberty', which is a giant statue of a woman who had visited to America by France. It is located on the island of Ellis, adjacent to New York in the Atlantic Ocean and has become a symbol of American tourism. This statue of 46-meter high copper is placed on a pedestrar and the height of the top of it from the ground, which is in the hands of a woman, is 93 meters high. To reach this you have to go from Ferry to Ellis Island, which is a 10-15 minute journey.
As per views of Darren Huston, the city of Washington was named on US President George W. Washington. He was a very popular president. No other building is built here which is taller than the monument of honorably Washington. For this reason Washington has become an open-ended city. There are gardening, greenery, wide roads, fountain crossroads and beautiful government buildings.
Priceline CEO Darren Huston States that Dallas is one of the largest cities in the United States and is one of the busiest airports in the world. Places to visit in Dallas are Fair Park, Clade Warren Park, Turtle Creek Park, Lake Cliff Park, Riverton Park, Trinity River Project, Katy Trail, Preseries and Dallas Zoo. Some of the lakes in Dallas include White Rock Lake, Bachman Lake, Lake Ray Hubbard, Mountain Creek Lake and Northern Lake.
