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Priceline has announced it is offering price guarantees for all of its airline tickets and vacation packages as part of a spring travel promotion for all bookings made through June 1.

Recently a number of other online travel agencies have offered similar promotions including Orbitz and Expedia's Hotwire.com.

Priceline's "Pricedrop Protection" for airline tickets allows a customer to book a ticket and be reimbursed if another customer books the same ticket at a lower fare. Priceline will automatically send the customer a check for the difference, from $1 up to $300 per ticket. Checks will be sent within 30 days of completion of a trip.

Jeffery H. Boyd
President and CEO
Priceline.com Inc.

The company's Pricedrop Protection for vacation packages works the same way. Customers that book a vacation package and another customer books the same package at a lower price prior to departure will be reimbursed from $1 up to a maximum of $600.

"We believe the online travel agency landscape has become confusing for consumers, with different booking sites offering some promotional benefits, but not others," said priceline.com's President and Chief Executive Officer Jeffery H. Boyd.

"Priceline.com decided to eliminate the confusion by combining all of the best promotional elements currently in the market into a simple, one-stop solution for travelers.