exec summary expedia vs priceline essay
Expedia and Priceline are the leading competition of the on-line travel support. With travel being one of the Internets hottest goods, these two companies have been in competition for the very best spot. Equally businesses give great deals on hotels, rental car, and most notably travel places to stay. The economical post on-line interviewed Expedia’s managing overseer Sean Shannon about how this individual keeps the online travel superstore unique. This individual noted that they can “invest a lot in technology and application writers and coders, who also work to help make the shopping knowledge better and figure out ways to stay prior to the curve (Ovsey, 2001).
With companies getting new heights of Internet success, the need to learn of each other peoples business plans and tips is very important.
Many customers of both Expedia and Priceline already had a combined travel agency that would ordinarily have taken care of their travel strategies. When the Net boom erupted, companies such as Microsoft dived on the concept of having a travel agency online.
The Wall Street Journal Online Edition confirms this need for technology by reporting on the industry’s participation in J. G. Morgan’s annual telecom meeting. The Wsj agrees, “Expedia, Inc. is a largest online travel firm in the world, with an extensive company portfolio which includes some of the world’s leading on the net travel brands (“Expedia, inc. to, 2013). This would enable a new customer base that would encourage Internet product sales, and an easy method00 of life for recurrent travelers.
Selling points pertaining to both of these corporations is extremely important, while the transition from a brick and mortar business to a internet based company was obviously a hard shift. These companies have never only experienced competition for over 10 years, but they have enhanced profits each year. The Atlantic Online submitted an opinion regarding Priceline completely regarding the accomplishment of the on the web travel business compared to regarding Expedia. They stated, “Priceline’s stock price are up nearly 90 percent, while its opponents have level lined (Expedia) (Madrigal, 2010).
This shows the customer, that even though these companies will be in competition, they have carried out well enough to withstand many economic ups and downs over the years. The importance of stability and growth through the years is very important into a consumer whom deserves top quality in getting potentially large dollar products. The following statement specifics the financial reports from the previous three years pertaining to both corporations. This provides established proof that both companies are thriving in what they do.