By Hriday Malik

When Priceline announced its second quarter results in August this year, the online travel company categorically stated that its international gross bookings benefited from geographic expansion, growth in hotel supply, and growth in new markets. Its international business gained momentum throughout the quarter, with 32% gross bookings growth on a local currency basis.

The US-based company believes that the fundamental strength of the business has allowed Priceline to continue to invest in the future while delivering impressive current earnings growth.

And going forward, Priceline