The Norwalk, Conn., online booking giant has one of the best-performing stocks over the past decade. The core of its growth strategy is the international travel market, not its more contested U.S. counterpart, and savvy execution on acquisitions—among them Kayak, Momondo, Booking.com, and OpenTable—has helped it fend off competitors. (Its biggest rival: Expedia.) Priceline is fighting new threat Airbnb by expanding its home-rental listings at twice the rate of its hotel listings.
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