Priceline's (PCLN) first-quarter results should continue to show strength in the travel industry, one that's likely to continue to get stronger as people spend their discretionary income on experiences, rather than material items.

"[Priceline] still has a long runway - 65% of global room nights sold are still sold offline, and [Priceline] itself only accounts for around 10% of hotel partner room night sales, meaning growth rates should be sustainable+ for a substantial period," RBC Capital Markets analyst Mark Mahaney wrote in a note to investors.

Mahaney, who has an outperform rating and a $2,000 price target on Priceline, expects the company to generate $2.39 billion in revenue, earning $8.32 a share in the quarter.

Investors will also be looking to hear what the company has to say about the pending lobbying push from the hotel industry, one that wages Priceline and its competitor Expedia (EXPE) - Get Report are becoming too dominant.

Analysts surveyed by Yahoo! Finance expect the company to earn an adjusted $8.89 a share on $2.45 billion in revenue for the period.

Over the past 12 months, shares of Priceline have gained nearly 33%, compared to the near 11% gain in the S&P 500.

Here are five ETFs that may benefit if investors like Priceline's first-quarter results.

PowerShares NASDAQ Internet Portfolio ETF

The $363.6 million PowerShares NASDAQ Internet Portfolio ETF (PNQI) - Get Report  has Priceline make up 8.01% of its portfolio, charging investors an expense ratio of 0.60%.

Credit Suisse analyst Paul Bieber expects Priceline to continue plugging along, citing the environments in both the U.S. and Europe.

"Given data that indicates a stable hotel environment in the U.S and accelerating trends in Europe, constructive EXPE/Accor read-across, accelerating Booking.com property additions (hotels and vacation rental), and improving China travel to Europe in 1Q, we expect PCLN to report upside to our EPS est. of $8.72 vs. the Street at $8.79 (guidance is $8.25-$8.65)," Bieber wrote in a note to investors ahead of earnings.

Credit Suisse has a $2,050 price target and an outperform rating on shares of Priceline.

PowerShares Dynamic Leisure and Entertainment Portfolio ETF

The $135.6 million PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ) - Get Report  has Priceline make up 5.73% of its portfolio, charging investors an expense ratio of 0.61%.

RBC's Mahaney noted that Street estimates are reasonable, given what he's found doing research. "In terms of the Q2 guide, we believe current Street estimates are highly reasonable, creating the potential for PCLN guidance to at least bracket the Street," Mahoney wrote to investors.

PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF

The $28.9 million PowerShares DWA Consumer Cyclicals Momentum Portfolio ETF (PEZ) - Get Report has Priceline make up 9.98% of its portfolio, charging investors an expense ratio of 0.60%.

Credit Suisse's Bieber believes that Priceline has several positive traits going for it, including "low market share, which implies long runway for growth; leadership position in marketing efficiency; beneficiary of new Google ad formats; unparalleled global scale in online travel; 4) exposure to China and Asia growth; under-appreciated review ecosystem and alternative inventory; and long track record of execution and EPS upside."

SPDR MFS Systematic Growth Equity ETF

The $24.2 million SPDR MFS Systematic Growth Equity ETF (SYG) - Get Report  has Priceline make up 4.15% of its portfolio, charging investors an expense ratio of 0.60%.

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PowerShares Russell Top 200 Pure Growth Portfolio ETF

The $145.3 million PowerShares Russell Top 200 Pure Growth Portfolio ETF (PXLG)  has Priceline make up 3.69% of its portfolio, charging investors an expense ratio of 0.39%.