Demand for travel remained steady despite global economic and political uncertainty in 2016 (PCLN) [The Business Insider]
THE PRICELINE GROUP INC COMMON (PCLN)
US:NASDAQ Investor Relations:
ir.pricelinegroup.com/events.cfm
Company Research
Source: The Business Insider
Demand for travel remained steady despite global economic and political uncertainty in 2016 Online travel conglomerate Priceline Group reported strong results for the third quarter in early November, and the stock is once again near all-time highs. The company's results fly in the face of global political and economic uncertainty, and management continues to implement its growth strategy unabated. Investors have been forced to grapple with big political and economic uncertainty this year. Topping the headlines were the United Kingdom's roiling June decision to exit the European Union and the November elections in the U.S., which have left the world scrambling to figure out what the policies of a new American president will mean for global trade and relations. Priceline makes its money from people who travel and though people around the globe might be feeling uncertainty, which might seem like a reason to cut back on travel, the situation hasn't slowed things for Priceline, which saw a
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