Priceline up on overseas demand

The online travel agency surged 5.5% to 328.77 after Deutsche Bank said strong demand for hotel transactions in Europe and offering new services into new markets will help the company grow. The brokerage expects Priceline.com's (NMS:PCLN) revenue to jump 30% this year and sees the Web site's bookings growing 41% this year. Deutsche Bank initiated coverage on the stock with a buy rating.

TUI Travel cut at Goldman, Thomas Cook preferred

LONDON (MarketWatch) -- Goldman Sachs on Tuesday cut its rating on U.K. tour operator TUI Travel to neutral from buy, saying it sees better value elsewhere in the sector. The broker noted recent media reports suggesting that TUI AG , which owns 54% of TUI Travel, is considering buying the minority interests in the company to refocus on tourism. "While we do not rule out a takeover of the ...

TripAdvisor introduces new private sale website dedicated to travel deals

Smarter Travel Media, a TripAdvisor Media Group company, has launched its new private sale website SniqueAway.

Priceline.com shares jump; analyst upbeat

Shares of Priceline.com Inc. jumped Wednesday as a Deutsche Bank analyst said the travel website operator is poised for long-term growth.

Broker snap: Goldman downgrades TUI Travel

LONDON (SHARECAST) - Goldman Sachs has downgraded its rating on the travel operator TUI saying it sees value elsewhere in the sector.