"Hutchison-Priceline (HK) Limited is an on-line travel agent jointly owned by Hutchison Whampoa Limited and Priceline.com Inc.  With its patented internet auction princing system, Hutchison-Priceline (HK) Limited enables customers to use internet to save money on airline tickets and hotel rooms by using a simple and compelling consumer proposition - "Name your Own Price".  Through our website "www.priceline.com.hk", the customer's demand guaranteed by his/her credit card, will then be communicated back to the participating sellers or to their databases to check for fulfillment.  Once fulfilled, the order cannot be cancelled.  This unique type of "demand-driven" business model not only enables our customers to save up to 30% of the original retail price, but also allows sellers to generate incremental revenue without disrupting their existing distribution channels or retail pricing structure."

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Hutchison Travel Limited

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