Chase Sapphire Reserve℠

Hotel Booking Site Rocketmiles Acquired by Priceline

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

Several major media outlets (beginning with The Wall Street Journal) are reporting that Priceline has plans to acquire hotel booking website Rocketmiles for about $20 million, as part of an effort to develop a more robust loyalty program.

Rocketmiles is a hotel search engine and booking app that offers customers both wholesale room rates and and the perk of earning miles for each booking with any of 26 airline partners, including American Airlines, Southwest, United, US Airways, and Alaska Airlines. Priceline may be feeling a little pinched after the recent moves by Expedia to acquire Travelocity and Orbitz. Since Expedia launched Expedia+ Rewards last year, Priceline might need a meaningful rewards program to stay competitive.

Rocketmiles how it works banner
Rocketmiles awards miles for booking your hotel stays.

Rocketmiles has been a lucrative way to rack up bonus miles on reservations where you wouldn’t normally earn hotel points or status. In some cases, these bonus miles can be more valuable than whatever points or elite status you’d earn with the hotel loyalty program. For example, I searched Rocketmiles for a mid-week hotel in Las Vegas for April 6-9, 2015. Search results included the Palazzo for $196 per night, which came with 9,000 AAdvantage miles.

Expedia was also pricing out at $196/night on those dates, while Priceline was listing the same room for $195. I list AAdvantage miles  at 1.7 cents apiece in my most recent monthly valuations, so those 9,000 points would be worth over $150 — almost as much as one of the three nights. That’s a no-brainer for spending an extra $1 per night on the room.

D
Rocketmiles returned only a slightly higher price for my search, but offered over $150 worth of miles for a three-night stay.

Rocketmiles frequently offers bonuses for first-time users, so if you haven’t tried it yet, I would do so sooner rather than later. I suspect that Rocketmiles may become less lucrative if Priceline really takes over and expands the program for all of its customers.

British Airways Visa Signature® Card

Apply Now
  • 50,000 bonus Avios after you spend $3,000 on purchases within the first 3 months of account opening.
  • Every calendar year you make $30,000 in purchases on your British Airways Visa card, you'll earn a Travel Together Ticket good for two years.
  • In addition to the bonus Avios, you will also get 3 Avios for every $1 spent on British Airways purchases and 1 Avios for every $1 spent on all other purchases.
  • Pay no foreign transaction fees when you travel abroad.
  • Chip Technology allows you to use your card for chip based purchases in Europe & beyond, while still giving you the ability to use your card as you do today at home.
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24%-23.24% Variable $95 0% Excellent Credit