Darren Huston on CNBC discusses his differentiated products to Airbnb. Listen to the conversation between Darren Huston and Simon.
You're a very deliberate organization, it's not just the conservative guidance, you're very careful what you say in public when you decide to break out the numbers, as you've done saying we have 6.6 million vacation apartments and villas, igloos and tree houses, whatever it is that people can very easily book and book instantly online, three times as many as BMB or people will notice it is three times as many as APM beat.
What are you trying to do here? What gap are you trying to close? What are you trying to say to Chesky at our BMB?
Well, you know, Simon, one of our biggest challenges as a company is we have a fantastic business. As I said, we've had over a billion guests stay. We've got three times the inventory in this kind of non-hotel space than any of our nearest competitors.
And we have attendants who are very Dutch company we like to do and then talk about it later and talk about it and then do it. And this is just a chance to speak to people that we have a wonderful product for those people looking for self-kit or product or looking for something really unusual to stand anywhere around the world.
We have a great business and a differentiated product. MURPHY and be our product charges, no fees to consumers.
It's instantly verifiable. There's no back and forth and email with the host. And we hope to show Americans who many may not know the brand Booking.com that there's this fantastic offer that many of them may not have discovered yet.
But it's very different, isn't it? I mean, you have built up a lot of that. We've spoken about this privately and publicly. A lot of these businesses you've got online through foot led the thousands of people going out and knocking on doors to try and get them to come to you as a business that's very different from BMB, which for want of a better expression, has the zeitgeist.
I mean, people just hear about it and they participate. And if you look at the valuations, BMB is valued at 25–26 billion dollars. You with all your numbers, with all your revenue. 69 to 70 billion dollars. How do you close that gap?
Well, I guess we just keep telling our story. Simon and ultimately, you know we're a moneymaking business. We've built this whole business to be the world's largest accommodation platform. We also, by the way, have opentable, which is the largest player in the restaurant space is about to cede its billionth guest. And we're a public company.
So we just have to continue to deliver the growth, deliver the profitability every single quarter and inspire our guests with fantastic products. I mean, we've always built the Priceline Group on premium brands that deliver the most friction less experience. And now our objective is to make sure everybody knows about it. And you can only imagine how big we can get if people actually know our brands.
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Darren HustonShort Story
Darren Huston (born 3 January 1966) is a Canadian businessman was the president and chief executive officer (CEO) of Priceline, Currently he is a CEO of BlackPines Capital Advisors. Residence - Amsterdam, Netherlands Nationality - Canadian Alma mate...