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.
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.
Booking Holdings (NASDAQ: BKNG) will have CEO Glenn Fogel and CFO David Goulden speak virtually at the J.P. Morgan's 49th Global Technology, Media, and Communications Conference on May 24, 2021, at 10:15 am ET. A live audio cast of the presentation will be accessible to the public through Booking Holdings' investor relations. The replay will be available for 14 days. Booking Holdings is a leading online travel service provider, operating brands like Booking.com and Priceline, serving consumers in over 220 countries.
On May 11, 2021, KAYAK reported a significant surge in summer travel searches, with increases of up to 70% month-over-month. The company introduced its 'Return to Travel' Hacker Guide, aiding travelers in navigating post-pandemic destinations and trends. Key highlights include a resurgence of interest in Caribbean destinations, a 68% rise in solo travel searches particularly to South America, and a boom in group travel to warm locations. KAYAK also emphasized the importance of early rental car bookings as prices rise due to increased demand, especially in outdoor destinations like Florida and Hawaii.
Booking Holdings will release its first quarter 2021 financial results on May 5 at 4:00 p.m. ET. A conference call will follow at 4:30 p.m. ET to discuss these results, available via webcast. Booking Holdings, listed under BKNG, is the leading global online travel and services platform, operating brands such as Booking.com and Priceline across over 220 countries. This financial disclosure is vital for investors assessing the company’s performance and market position.
OpenTable, a subsidiary of Booking Holdings (NASDAQ: BKNG), reports a dramatic increase in Mother’s Day reservations, up 64% compared to 2019 levels, indicating a robust demand for family dining experiences post-pandemic. A survey revealed 43% of Americans would dine out for Mother’s Day if restaurants provided complimentary professional family photos. To enhance the celebration, OpenTable has partnered with 14 restaurants across the U.S. to offer these memories free of charge, contributing to the anticipated resurgence of family gatherings.
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