Piper Jaffray released its Internet Content update today with reports on Expedia EXPE, and Priceline PCLN.
Unique users of Expedia (expedia.com, hotels.com, hotwire.com, TripAdvisor network, etc.)were +1% y/y in November. This is a big decline from +9% y/y in October, and +15% y/y in September.
In regards to Priceline, Piper Jaffray writes, "Priceline remains top long-term pick in online travel. Priceline continues to benefit from an ongoing shift to online and indirect bookings internationally. Priceline is the OTA most leveraged to international travel, with 70% of bookings outside the US; higher international exposure is favorable given a less saturated market for online travel."
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Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryExpediaInternet RetailNetflixPiper Jaffray
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