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Booking Holdings Inc. - BKNG STOCK NEWS

Welcome to our dedicated page for Booking Holdings news (Ticker: BKNG), a resource for investors and traders seeking the latest updates and insights on Booking Holdings stock.

Booking Holdings Inc. (NASDAQ: BKNG) is the largest online travel agency in the world, based in Norwalk, Connecticut. The company operates several renowned travel fare aggregators and metasearch engines, including Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. These platforms provide an extensive range of services, including hotel and alternative accommodation bookings, airline tickets, rental cars, restaurant reservations, cruises, vacation packages, and unique travel experiences.

Booking Holdings serves consumers and partners in more than 220 countries and operates in about 40 languages. The company's revenue primarily comes from transaction fees for online bookings. Their mission is to make it easier for everyone to experience the world.

Recent highlights include:

  • OpenTable is offering 1,000 Uber Vouchers to diners during San Francisco Restaurant Week to boost dining demand amid the city's recovery.
  • Priceline launched its Black Friday Early Access Sale featuring significant discounts on hotels, rental cars, and vacation packages.
  • Ewout Steenbergen will join Booking Holdings as Executive Vice President and Chief Financial Officer in March 2024.
  • KAYAK released a new suite of AI-powered products to simplify travel planning.
  • Booking.com conducted research on sustainable travel, gathering insights from over 31,000 travelers globally.

These initiatives demonstrate Booking Holdings' commitment to innovation and supporting the travel and hospitality industries worldwide.

Rhea-AI Summary

Booking Holdings (BKNG) will release its third quarter 2021 financial results on November 3 at 4:00 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET. Investors can access the press release on the company's Investor Relations website. Booking Holdings operates globally through six major brands, including Booking.com and Priceline, serving customers in over 220 countries. The company aims to simplify travel experiences, emphasizing its commitment to enhancing customer service and global connectivity.

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OpenTable, part of Booking Holdings (NASDAQ: BKNG), shared its list of the 100 Best Restaurants for a Date in America for 2021, highlighting popular dining spots. According to a Bumble survey, over 45% of US daters are eager to transition from virtual to in-person dates. OpenTable has partnered with Bumble, providing users with localized recommendations through the app from October 25 to November 8. The list and local guides aim to simplify the dating experience, while new features like Dining Areas enhance reservation choices.

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Booking Holdings (NASDAQ: BKNG) plans to hold a conference call on November 3, 2021, at 4:30 p.m. ET, to discuss its third quarter 2021 financial results. The call will be available via a webcast on the company's Investor Relations website, with a replay accessible for seven days thereafter. A release containing the financial results will be posted at approximately 4:00 p.m. ET on the same day.

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The travel search engine KAYAK analyzed billions of search queries to reveal evolving American travel habits across states. The State Travel Superlatives report highlights significant behavioral trends, such as Alaskans seeking long-term stays (15%) and Texans showing the least interest (3%). Notably, Louisiana saw a 38% increase in searches since pre-COVID, while Maryland experienced a 15% decrease. The report reflects diverse preferences, from last-minute bookings in Nevada to business travel in New York, showcasing how Americans are adapting their travel choices.

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The National Restaurant Association reports the restaurant industry is 1 million jobs short of pre-pandemic levels. In response, Indeed and OpenTable have launched Interview Days: Restaurant Jobs, a month-long hiring initiative starting October 1. This initiative aims to support recovery in the food service sector by providing free hiring tools and resources for both employers and job seekers. Notably, job postings in food preparation roles have risen by 39.9% since February 2020, highlighting the urgency to fill these positions to meet consumer demand.

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Priceline highlights an uptick in travel demand across major U.S. cities, especially in the Northeast, as people embrace flexible work schedules. Hotel rates are rising, with averages up by 5% compared to 2019, while airfare remains down 15%. Package deals for hotels and flights are particularly appealing, with prices dropping by 10%. Miami, Orlando, and Phoenix show the greatest interest among travelers. Key cities for travel include New York City, Los Angeles, Chicago, Washington, D.C., and San Francisco, with significant savings available through bundled bookings.

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Uplift and KAYAK have expanded their partnership to enhance payment flexibility for travelers. Starting this fall, KAYAK users can utilize Uplift's Buy Now, Pay Later (BNPL) solution to pay for select flights in interest-free monthly installments. This update includes a lower minimum transaction amount of $100 and $0 down at booking. The offer will be available across all KAYAK booking channels, allowing travelers to budget effectively. Uplift collaborates with over 200 top travel brands to provide flexible payment options.

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OpenTable, a leader in online restaurant bookings, partners with CLEAR to streamline proof of vaccination for diners. This collaboration allows users to easily show their vaccination status at restaurants requiring it, enhancing safety as the Delta variant spreads. Launching in September, the feature integrates with OpenTable's app, linking diners to CLEAR's digital vaccine card, which securely verifies vaccination status. OpenTable has already helped over 135 million diners during the pandemic, implementing new safety and operational features for restaurants.

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FAQ

What is the current stock price of Booking Holdings (BKNG)?

The current stock price of Booking Holdings (BKNG) is $5177.15 as of November 22, 2024.

What is the market cap of Booking Holdings (BKNG)?

The market cap of Booking Holdings (BKNG) is approximately 171.9B.

What services does Booking Holdings Inc. offer?

Booking Holdings Inc. offers services including hotel and alternative accommodation bookings, airline tickets, rental cars, restaurant reservations, cruises, vacation packages, and unique travel experiences.

Where is Booking Holdings Inc. headquartered?

Booking Holdings Inc. is headquartered in Norwalk, Connecticut.

How does Booking Holdings generate revenue?

Booking Holdings generates revenue primarily through transaction fees for online bookings made on its platforms.

What are some of the brands under Booking Holdings?

Some of the brands under Booking Holdings include Booking.com, Priceline.com, Agoda.com, Kayak.com, Rentalcars.com, and OpenTable.

What recent initiatives has Booking Holdings undertaken?

Recent initiatives include OpenTable offering Uber Vouchers during San Francisco Restaurant Week, Priceline's Black Friday Early Access Sale, and KAYAK's launch of new AI-powered products.

Who is the new CFO of Booking Holdings?

Ewout Steenbergen will join Booking Holdings as Executive Vice President and Chief Financial Officer in March 2024.

What is Booking Holdings' mission?

Booking Holdings' mission is to make it easier for everyone to experience the world.

In how many languages and countries does Booking Holdings operate?

Booking Holdings operates in about 40 languages and more than 220 countries and territories.

What is KAYAK's new AI-powered product?

KAYAK has introduced new AI-powered products to simplify travel planning, including a price comparison tool called KAYAK PriceCheck and the Ask KAYAK feature for personalized search results.

Booking Holdings Inc.

Nasdaq:BKNG

BKNG Rankings

BKNG Stock Data

171.90B
33.04M
0.16%
95.07%
2.41%
Travel Services
Transportation Services
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United States of America
NORWALK