The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

Priceline.com Says Airfares Holding Steady as Holidays Approach

Tuesday, November 01, 2011

Priceline.com Says Airfares Holding Steady as Holidays Approach08:30 EDT Tuesday, November 01, 2011NORWALK, Conn., Nov. 1, 2011 /PRNewswire/ -- A potential run-up in average airfares for the Thanksgiving and winter holidays has yet to materialize, according to priceline.com (Nasdaq: PCLN), bringing good news to travelers who haven't secured their holiday tickets."After several major airlines announced 2% to 5% flight reductions for 4th quarter 2011, airfare watchers were looking to see what effect that might have on holiday airfares," said priceline.com's Travel Ekspert, Brian Ek.  "Airfares are up over last year, but only modestly.  So there's still time to find affordable flights home for the holidays."At the beginning of October, priceline.com reported that the national average for Thanksgiving airfares was $400, or 4% higher than 2010.  Over the past four weeks, the average fare for Thanksgiving has risen slightly to $407, which is 6% higher than fares for the same period last year.For winter holiday and Christmas travelers, the news is even better.  In early October, the average winter holiday airfare was $475, or 1% higher than 2010.  Over the past four weeks, the average winter holiday airfare has dropped to $451, which is still 3% higher than last year.  Priceline.com also said that customers can use its Name Your Own Price® airline ticketing service to save even more compared to published fares.Airfares, hotel room and rental car rates for the holidays are highly dynamic and subject to change.  To help travelers get the best available travel deals, priceline.com has created a web page http://pcln.com/bestdays.  The page contains an interactive and frequently updated Best Days To Fly calendar and hotel deals from around the country.According to Priceline's Best Days To Fly Calendar for the holidays:The most affordable days to fly over the Thanksgiving holiday are November 19, 20, 21, 22, 24 (Thanksgiving Day), 25, 29 and 30.The most affordable days to fly over the Christmas holiday are December 17, 18, 19, 20, 21, 24, 27, 28 and 31.About The Priceline GroupThe Priceline Group (Nasdaq: PCLN) is a leader in global online hotel reservations, with over 190,000 participating hotels worldwide.  The Group is composed of four primary brands ? Booking.com, priceline.com, Agoda.com and TravelJigsaw ? and several ancillary brands. The Priceline Group provides online travel services in over 110 countries in Europe, North America, South America, the Asia-Pacific region, the Middle East and Africa. Booking.com is the number one online hotel reservation service in the world, offering over 165,000 hotels (as of October 1, 2011), and is available in 43 languages.  More recent hotel counts are available on the Booking.com website.  Priceline.com gives leisure travelers multiple ways to save on their airline tickets, hotel rooms, rental cars, vacation packages and cruises. In addition to getting compelling published prices, travelers can take advantage of priceline.com's famous Name Your Own Price® service, which can deliver the lowest prices available.  Agoda.com is an Asia-based online hotel reservation service that is available in 37 languages.  TravelJigsaw is a multinational car hire service, offering its reservation services in over 4,000 locations.  Customer support is provided in 29 languages.SOURCE priceline.comFor further information: Press: Brian Ek, +1-203-299-8167, brian.ek@priceline.com, Investor Relations: Matthew Tynan, +1-203-299-8487, matt.tynan@priceline.com