- An FBR survey found Booking.com's (PCLN -0.8%) hotel count has fallen since the end of Q1, and that the site's net adds have come solely from vacation rentals.
- The firm adds Priceline could see its per-property productivity get pressured, and that its findings back up the notion its core hotel business is maturing.
- Priceline saw a 32% Y/Y increase in hotel room-night growth in Q1. But that growth rate is lower than the figure posted for any quarter in 2012 or 2013.
- Also: Priceline is guiding for its total Y/Y bookings growth to fall to 22%-32% in Q2 from Q1's 34.2%. However, the company has a history of guiding conservatively.
- Update (12:45PM): FBR has backtracked on its report, and now says hotel count is up Q/Q.
From other sites
Video at CNBC.com (Aug 4, 2015)
at CNBC.com (May 24, 2015)
Video at CNBC.com (Mar 20, 2015)
at CNBC.com (Feb 13, 2015)
at CNBC.com (Jan 16, 2015)
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