Booking Holdings is still making considerable money from Priceline.com's bidding service for hotels. But the service has outlived its usefulness, and will likely fold within a year or two.

More information Discover amazing discounts on three highly-rated hotels worldwide with Priceline Pricebreakers. You can save up to 50% on retail prices and earn Priceline VIP discounts on all ...

consumers can enter their instant bid and get results immediately. There are also two booking options. Consumers who are using Priceline’s Name Your Own Price service, they can enter their bid ...