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World leader in online travel & related services
Jiayun Zou
alicezou@umich.edu
Main Problems:
• Travelers want prepare their trips at a cheap price with little hassle.
• Hotels, car rental companies, and restaurants want to be visible to potential customers.
Alice Murphy is a 25 years
old software engineer. She
loves traveling and
photography. Last summer,
she traveled to Norway to
enjoy the beautiful
landscape of Fjord. Her
dream is to travel to all
continents before 30.
Persona 1: Traveler
Mr. Robot is a 34 years old
hotel owner. His hotel only
has 60 rooms. But all of
them are comfortable and
clean. Mr. Robot hires two
front desk receptionists and
four cleaners. He wants to
make his hotel as full as
possible so that he can get
the maximum profits.
Persona 2: Hotel Owner
Finance
Profitable!
Business Model
• Agency
• Merchant
• Advertising and
other revenues
Founded in Connecticut as “Priceline.com Inc”
Became a public company via an initial public offering
Created Booking.com by merging Active Hotels and Bookings
Changed name from “Priceline.com Inc” to “The Priceline Group
Inc”
Acquired Agoda.com
Historical moment
1997
2006
1999
2006
2007
Acquired Rentalcars.com
Acquired Kayak.com
Acquired OpenTable
Changed name from “The Priceline Group Inc” to
“Booking Holdings Inc”
Historical moment
2014
2010
2018
2013
Leadership
Jay S. Walker
Founder
Glenn Fogel
Current CEO, President
Jeffery Boyd
Chairman
Former CEO
David I. Goulden
CFO
Peter J. Millones Jr
Executive Vice President and
General Counsel
Hot Product
Secret Sauce
• Agency Model
• Breadth of supply
• Digital marketing
• UI design
Secret Sauce
• Agency Model
• Breadth of supply
• Digital marketing
• UI design
Secret Sauce
• Agency Model
• Breadth of supply
• Digital marketing
• UI design
Competition
Booking
Holdings Inc
Expedia Group Airbnb Trip.com
Group
Google
Hotels
   
Rentals
  
Restaurants
   
International
    
Homestay
   
Prediction
Challenged, but still successful
• Agency model
• COVID-19
• Competitions
Questions?
Reference
• https://skift.com/oral-history-of-booking-acquisition/
• https://skift.com/2012/06/25/how-booking-com-conquered-world/
• (D&B Hoovers Database accessed with Umich account) https://app-
avention-com.proxy.lib.umich.edu/company/1438833d-8d34-30b9-
9df7-0e843e65818a#report/company_summary
• https://ir.bookingholdings.com/static-files/92c3d5b6-8f42-4686-
afc1-f6bd61b94e06
• https://ir.bookingholdings.com/static-files/89094e34-8f33-4153-
830f-f3db33342fa9
• https://ir.bookingholdings.com/static-files/d0dcbba1-c150-4a1f-
9d1b-858cbfc8180a
• https://ir.bookingholdings.com/static-files/b8b5291e-c57f-4597-
96db-96ae95fe7040
• https://ir.bookingholdings.com/static-files/52c8f565-1f02-4f0f-
9931-6485fc838d5c
• https://ir.bookingholdings.com/static-files/0938b3ec-3a8e-425d-
9308-99406f4077behttps://ir.bookingholdings.com/static-
files/df1fb95d-f391-43ad-8034-93c9b4b80beb
• https://en.wikipedia.org/wiki/Booking.com
• https://finance.yahoo.com/quote/BKNG/
• https://www.booking.com/
• https://www.forbes.com/sites/greatspeculations/2019/08/26/booking
-holdings-and-expedia-are-both-growing-steadily-but-in-very-
different-ways/#17f73bfa1f04
• https://skift.com/2019/02/27/booking-and-airbnb-are-now-in-a-
homesharing-dead-heat/
• https://www.bookingholdings.com/about/leadership/#leadership
• https://www.kayak.com/news/what-is-kayak-and-how-does-it-
work/#:~:text=KAYAK%20is%20a%20travel%20search,to%20help%20focu
s%20your%20search.
• https://craft.co/booking-
holdings/competitors?competitors=booking-
holdings%2Cctrip%2Cairbnb%2Cexpedia-group

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Booking holdings Inc alicezou

  • 1. World leader in online travel & related services Jiayun Zou alicezou@umich.edu
  • 2. Main Problems: • Travelers want prepare their trips at a cheap price with little hassle. • Hotels, car rental companies, and restaurants want to be visible to potential customers.
  • 3. Alice Murphy is a 25 years old software engineer. She loves traveling and photography. Last summer, she traveled to Norway to enjoy the beautiful landscape of Fjord. Her dream is to travel to all continents before 30. Persona 1: Traveler
  • 4. Mr. Robot is a 34 years old hotel owner. His hotel only has 60 rooms. But all of them are comfortable and clean. Mr. Robot hires two front desk receptionists and four cleaners. He wants to make his hotel as full as possible so that he can get the maximum profits. Persona 2: Hotel Owner
  • 6. Business Model • Agency • Merchant • Advertising and other revenues
  • 7. Founded in Connecticut as “Priceline.com Inc” Became a public company via an initial public offering Created Booking.com by merging Active Hotels and Bookings Changed name from “Priceline.com Inc” to “The Priceline Group Inc” Acquired Agoda.com Historical moment 1997 2006 1999 2006 2007
  • 8. Acquired Rentalcars.com Acquired Kayak.com Acquired OpenTable Changed name from “The Priceline Group Inc” to “Booking Holdings Inc” Historical moment 2014 2010 2018 2013
  • 9. Leadership Jay S. Walker Founder Glenn Fogel Current CEO, President Jeffery Boyd Chairman Former CEO David I. Goulden CFO Peter J. Millones Jr Executive Vice President and General Counsel
  • 11. Secret Sauce • Agency Model • Breadth of supply • Digital marketing • UI design
  • 12. Secret Sauce • Agency Model • Breadth of supply • Digital marketing • UI design
  • 13. Secret Sauce • Agency Model • Breadth of supply • Digital marketing • UI design
  • 14. Competition Booking Holdings Inc Expedia Group Airbnb Trip.com Group Google Hotels     Rentals    Restaurants     International      Homestay    
  • 15. Prediction Challenged, but still successful • Agency model • COVID-19 • Competitions
  • 17. Reference • https://skift.com/oral-history-of-booking-acquisition/ • https://skift.com/2012/06/25/how-booking-com-conquered-world/ • (D&B Hoovers Database accessed with Umich account) https://app- avention-com.proxy.lib.umich.edu/company/1438833d-8d34-30b9- 9df7-0e843e65818a#report/company_summary • https://ir.bookingholdings.com/static-files/92c3d5b6-8f42-4686- afc1-f6bd61b94e06 • https://ir.bookingholdings.com/static-files/89094e34-8f33-4153- 830f-f3db33342fa9 • https://ir.bookingholdings.com/static-files/d0dcbba1-c150-4a1f- 9d1b-858cbfc8180a • https://ir.bookingholdings.com/static-files/b8b5291e-c57f-4597- 96db-96ae95fe7040 • https://ir.bookingholdings.com/static-files/52c8f565-1f02-4f0f- 9931-6485fc838d5c • https://ir.bookingholdings.com/static-files/0938b3ec-3a8e-425d- 9308-99406f4077behttps://ir.bookingholdings.com/static- files/df1fb95d-f391-43ad-8034-93c9b4b80beb • https://en.wikipedia.org/wiki/Booking.com • https://finance.yahoo.com/quote/BKNG/ • https://www.booking.com/ • https://www.forbes.com/sites/greatspeculations/2019/08/26/booking -holdings-and-expedia-are-both-growing-steadily-but-in-very- different-ways/#17f73bfa1f04 • https://skift.com/2019/02/27/booking-and-airbnb-are-now-in-a- homesharing-dead-heat/ • https://www.bookingholdings.com/about/leadership/#leadership • https://www.kayak.com/news/what-is-kayak-and-how-does-it- work/#:~:text=KAYAK%20is%20a%20travel%20search,to%20help%20focu s%20your%20search. • https://craft.co/booking- holdings/competitors?competitors=booking- holdings%2Cctrip%2Cairbnb%2Cexpedia-group