May 8 (Reuters) - Priceline Group Inc, owner of the online travel agency known for its "name-your-own-price" services, reported a 36 percent rise in quarterly profit, as hotel and car rental bookings increased.
The company's net income rose to $331.2 million, or $6.25 per share, in the first quarter ended March 31 from $244.2 million, or $4.76 per share, a year earlier. (http://r.reuters.com/vyn29v)
Revenue rose 26 percent to $1.64 billion.
(Reporting by Rohit T.K. in Bangalore; Editing by Kirti Pandey)