priceline.com was established by Jay S. Walker, who left the organisation in 2000. Hong Kong organisation Cheung Kong Holdings later bought a huge bit of Priceline's stock. Priceline.com is an American organisation and a business site that cases to help clients get markdown rates for travel-related buys, for example, carrier tickets and lodging remains. The organisation is not an immediate provider of these administrations; rather it encourages the arrangement of travel administrations by its providers to its clients. It is headquartered in Norwalk, Connecticut, United States. Priceline.com is entirely possessed by The Priceline Group.
Priceline first got to be known for its Name Your Cost framework, where voyagers would name their cost for aircraft tickets, lodging rooms, auto rentals and get-away bundles. While the buyer can choose a general area, benefit level and value; the inn, rental auto-organization and additionally carrier (and also the correct area of the inn and the correct flight agenda) is revealed simply after the buy has experienced, without any rights to cross out.
Priceline's cut of the returns is the contrast between the value an individual named and the cost charged by the administration foundation. All the more as of late, it has included a more conventional model, called Express Deals, where voyagers are exhibit ed costs yet are not told the name of the foundation. Explorers can, in any case, name their cost for carrier tickets, lodging rooms and rental autos. The quantity of aircraft, lodgings and auto rental organisation members in the name your own particular cost program has expanded as these providers use this murky market Priceline made to offer their perishable stock without bringing down costs through other customary deals channels. Priceline now offers marked down travels, and visits and attractions. In 2002 Priceline authorised its "Name Your Own Price" set out the framework to eBay.