Booking Holdings - BKNG STOCK NEWS

The U.S. Department of Defense announced the expansion of American Forces Travel, a travel platform developed with Priceline, extending access to an additional 16 million Veterans. The initiative now serves a total of 22 million personnel, allowing military families to book discounted travel globally. Eligible users can save 40% - 60% on bookings, which also generate revenue for military quality of life programs. The MILITARY STAR card is now accepted for payments at discounted hotels. American Forces Travel aims to enhance leisure travel access for service members and their families.

Booking Holdings (NASDAQ: BKNG) will hold a conference call to discuss its Q2 2021 financial results on August 4 at 4:30 p.m. ET. The event will be accessible via webcast and audio replay will be available afterward for seven days. A release with financial results will be posted on the company's Investor Relations website around 4:00 p.m. ET on the same day. Booking Holdings is a leading provider of online travel services, operating under various brands across over 220 countries.

Agoda supports Thailand's tourism revival with the launch of a dedicated landing page for the 'Phuket Sandbox' initiative, allowing fully vaccinated travelers to explore Phuket without quarantine. Searches for Phuket increased by 67% in June 2021 compared to May, with significant interest from the US, China, and South Korea. The page provides access to SHA Plus certified accommodations and travel guides. Agoda, a part of Booking Holdings (BKNG), emphasizes its global reach to facilitate travelers' needs during the reopening phase.

Priceline has announced its Fourth of July Freedom Sale, running from June 23 to July 6, 2021, offering significant discounts on flights, hotels, and rental cars. Customers can use the code FREEDOM20 for $20 off sitewide on Express Deals with a minimum spend of $120. Additionally, new customers can access exclusive loyalty benefits. The sale reflects the resurgence in travel demand, providing opportunities for affordable getaways, especially in cities such as New York and Chicago.

OfferUp has appointed Todd Dunlap as its new chief executive officer, effective July. Dunlap joins from Booking.com, where he significantly contributed to the U.S. market's growth. He is expected to enhance OfferUp's leadership, particularly in driving local recommerce as the economy rebounds post-pandemic. Co-founder Nick Huzar remains involved as the chief product officer, indicating continuity in leadership. OfferUp boasts 56 million engaged users, positioning the company for substantial growth.

OpenTable, part of Booking Holdings (NASDAQ: BKNG), has launched the Show-Up for Restaurants initiative to address the impact of no-shows and late cancellations on restaurants. Over 80% of U.S. restaurants have reopened, with diner participation nearing 90% of pre-pandemic levels. The initiative aims to raise awareness about the financial losses restaurants face due to no-shows, which can significantly affect profits. OpenTable will implement a 'four strikes' policy for habitual no-show diners and introduce a new tool to label potential no-shows based on past behavior.

The Priceline Work-Life Balance Report reveals that 92% of Americans plan to travel in 2021, with 52% eager to start this summer. The findings show a significant increase in the use of paid time off (PTO), as many Americans regret not using PTO last year. Remote work has enhanced work-life balance, with 75% of respondents noting its benefits. 66% plan to travel more while working remotely. Priceline aims to cater to this travel surge with a Fourth of July sale, offering discounts on travel packages to encourage PTO usage and reuniting with loved ones.

OpenTable has launched a new video series, Restaurants on the Rebound, focusing on restaurants navigating challenges during the pandemic. The series highlights four establishments, including 50Kitchen (Boston), China Live (San Francisco), L'oca D'oro (Austin), and Pink Dinghy (Virginia Beach). OpenTable has seated over 135 million diners at no cost to restaurants since April 2020, emphasizing its commitment to support the restaurant industry. The company is a part of Booking Holdings (NASDAQ: BKNG).

Booking Holdings (NASDAQ: BKNG) will have CFO David Goulden speaking at the 1st Annual Evercore ISI Technology, Media and Telecom Conference on June 7th at 3:30 PM ET. The presentation will be available via live audio cast to the public, and a replay will be accessible for 14 days. As a leading online travel services provider, Booking Holdings operates brands like Booking.com and KAYAK, facilitating travel experiences for consumers in over 220 countries. This event highlights the company’s ongoing engagement with the investment community.