- 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
at 4-traders.com (Mon, 7:06AM)
at Zacks.com (Mar 12, 2015)
at Zacks.com (Mar 5, 2015)
at Investor's Business Daily (Feb 27, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs