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Travel’s economic footprint in the U.S. declined by 42% last year, from $2.6 trillion in 2019 to $1.5 trillion, according to the U.S. Travel Association.
"It is not possible to predict where and to what degree outbreaks of the coronavirus will disrupt travel patterns," the company, whose brands include Priceline and Kayak, said.
The company’s Booking.com division recorded approximately 1.5 million properties on its platform, up 41 percent over last year.
Speaking at the Skift Global Forum in New York City, Glenn Fogel said that Priceline is not putting any priority in exploring the potential of blockchain technology, which offers a digitized and decentralized ledger of chronological transactions.