Business Services Industry

Priceline.com Launches Enhanced Vacation Packages Service With More Choices — And More Savings

Business Wire, May 7, 2004

Business Editors/Travel Writers

NORWALK, Conn.--(BUSINESS WIRE)--May 7, 2004

Priceline.com(R) (Nasdaq:PCLN) today launched an enhanced vacation packages service that provides a money-saving, one-stop solution for planning any trip. The enhanced service offers leisure travelers more choices in destinations, hotels and flight options. Priceline Vacations customers also have the option to book a rental car.

"Priceline Vacations is no longer just for the flexible traveler," said Chris Soder, priceline.com's Executive Vice President, Lodging and Vacation Products. "In addition to picking the exact hotel they want from our extensive inventory of more than 2,000 properties, Priceline Vacations customers now have the choice between letting us pick their flights or, if they want to travel at specific times, they can choose from a broad array of airlines and flights to their destinations. Now, booking a custom vacation at a great price is just as quick and easy as booking an airline ticket."

Here are some examples of priceline.com vacations and prices available as of this morning (May 7). All prices are per-person and include round-trip airfare, hotel accommodations, taxes and fees. Prices may change and there is no guarantee a package will be available.

-- Boston to Las Vegas. $565 for a 2-night getaway (May 14-16) at

the 4-star New York, New York.

-- Los Angeles to New York. $1,179 for a 6-night vacation (May

23-30) at the 4-star Grand Hyatt New York.

-- Chicago to Oahu. $952 for a 7-night vacation (May 23-30) at

Honolulu's 2-star Aqua Bamboo Hotel.

-- Washington, DC to Cancun. $899 for a 7-night vacation (May

23-30) at the Gran Melia Cancun resort.

-- New York to Miami. $476 for a 7-night vacation (May 15-22),

with accommodations at the 3-star Ocean Point Resort and Club.

Priceline Vacations works with quality hotels and all-inclusive resorts in the U.S., Europe, Canada, Mexico and the Caribbean. Travel dates are completely up to the customer and vacations can be of any length, including weekend mini-getaways. When a customer selects a destination, Priceline Vacations automatically assembles all the available hotels, along with descriptions and pictures, and lists its best available combined room/flight price for each property. If Priceline Vacations recommends an opaque airline ticket for greater savings and the customer wants specific flight times, he or she can ask to see a listing of retail flight options from Lowestfare.com.

In addition, to keep the savings coming, Priceline Vacations also announced today that customers can arrange to have a specially priced rental car waiting for them at their destination.

About priceline.com

Priceline.com is a travel service that offers leisure airline tickets, hotel rooms, rental cars, vacation packages and cruises. Priceline.com also has a personal finance service that offers home mortgages, refinancing and home equity loans through an independent licensee. Priceline.com operates the retail travel Web sites Travelweb.com, Lowestfare.com, Rentalcars.com and Breezenet.com. Priceline.com licenses its business model to independent licensees, including pricelinemortgage and certain international licensees.

Information About Forward-Looking Statements

This press release may contain forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed, implied or forecasted in any such forward-looking statements. Expressions of future goals and similar expressions including, without limitation, "may," "will," "should," "could," "expects," "does not currently expect," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "targets," or "continue," reflecting something other than historical fact are intended to identify forward-looking statements. The following factors, among others, could cause the Company's actual results to differ materially from those described in the forward-looking statements: adverse changes in general market conditions for leisure and other travel products as the result of, among other things, terrorist attacks; adverse changes in the Company's relationships with airlines and other product and service providers including, without limitation, the withdrawal of suppliers from the priceline.com system; the bankruptcy or insolvency of another major domestic airline; the effects of increased competition; systems-related failures and/or security breaches; the Company's ability to protect its intellectual property rights; losses by the Company and its licensees; final adjustments made in closing the quarter; legal and regulatory risks and the ability to attract and retain qualified personnel. For a detailed discussion of these and other factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements, please refer to the Company's most recent Form 10-Q, Form 10-K and Form 8-K filings with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

COPYRIGHT 2004 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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