Tnooz asks Arrowpoint Advisory: What next for colossal Online Travel Agent Priceline
The $550m acquisition of Momondo is Glenn Fogel's first punch as Priceline CEO, so what next for the colossal Online Travel Agent? Tnooz asks Arrowpoint Advisory's Jamie Hutton to assess the latest acquisition by the world's largest online travel agent.
The Priceline Group's purchase of Momondo for $550m represents the online travel agent's first acquisition of scale since buying OpenTable for $2.6bn in 2014 and newly appointed Glenn Fogel's opening strategic move since becoming CEO in January of this year.
With extensive experience across the travel vertical, including advising the management shareholders of Traveljigsaw (trading as Rentalcars.com) on their sale to Priceline, we assess the key points surrounding the group's latest acquisition:
- Glenn Fogel , the right man to drive future growth
- Momondo , back to basics provides a compelling investment thesis
- The competitive landscape , the usual suspects and the disrupter
- The future , organic growth and future acquisitions
Arrowpoint Advisory has significant insight and knowledge of companies across the travel ecosystem and have worked with a broad range of businesses including tour operators ITC Luxury Travel, online travel agents iglu.com, travel management companies Reed & Mackay and travel technology solution providers JacTravel.
Click here for the full article.