NEW YORK (Thomson Financial) - Priceline.com Tuesday said it would permanently lower booking fees for all of its published-price hotel reservations, effective immediately.
The company will also stop charging customers to cancel or change a published-price hotel reservation.
The online travel company didn't say how the measures would affect its finances.
Shares of Priceline.com closed Monday at $115.46. The stock is up 69% over the past 52 weeks. Ryan Vlastelica rv/vj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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