The Priceline Group’s alternative accommodations, including holiday rentals, apartments and short-term rentals, are growing faster than hotels, representing nearly half of the company’s overall inventory at 47%.

They now seek a new CEO who can deal with changing technologies and market conditions, describing vacation rentals and alternative accommodations as “a very important source of growth for business going forward”, one which offers the group commissions and fees on par with that of hotels.

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