Booking Holdings Inc. - BKNG STOCK NEWS

KAYAK for Business has launched new features aimed at small and medium-sized businesses (SMBs) for a flat fee of $20 per trip. These upgrades include comprehensive trip management, group bookings, 24/7 travel agent support, and flexible payment options. The service aims to streamline travel planning, booking, and management, eliminating the need for a subscription or minimum spend. Enhanced features allow users to book and manage flights, hotels, and rental cars in one place, access corporate rates, and gain detailed expense tracking and reporting. The new offering is designed to save time for business travelers and coordinators by providing a one-stop solution for business travel needs.

Foxglove Communications, an award-winning public relations agency, has been appointed as the agency of record for OpenTable, a global leader in restaurant technology. OpenTable serves over 55,000 venues and millions of diners worldwide, filling 1.7 billion seats annually. Foxglove will enhance OpenTable's efforts to address industry challenges, such as bots and no-shows, and help maximize revenue through strategic partnerships and product features. OpenTable aims to foster connections among diners, restaurants, and communities while leading in tech and restaurant innovation.

Priceline has appointed Omnicom Media Group's PHD as its new brand media agency of record following a competitive review. This partnership aims to drive customer growth and enhance brand equity for the online travel agency. The agency will collaborate with Priceline in the second year of its award-winning 'Go to Your Happy Price' campaign. PHD will assist in media strategy, planning, and buying to attract new customers. Priceline's recent innovations include the GenAI travel assistant Penny and an exclusive partnership with Amazon Prime Day, alongside successful influencer campaigns like the 'Eras to End Zone' Super Bowl activation. The appointment is effective immediately.

Tanqueray launches 'Fancy Hour,' a new initiative to elevate martini experiences in partnership with OpenTable. Running from June 5th to July 31st, 2024, the event encourages martini lovers in New York City, Boston, and Miami to book reservations at participating bars and restaurants. 'Fancy Hour' aims to transform National Martini Day into a month-long celebration, featuring personalized tableside service with Tanqueray martinis.

This initiative is highlighted by an exclusive event co-hosted by Rachel Zoe, who showcased the Tanqueray Dirty Martini. Local influencers and a bold marketing campaign, including weather-triggered media and a custom Snapchat AR filter, will promote the event across various cities.

OpenTable users can book their 'Fancy Hour' reservations, and Tanqueray's new creative will inspire participation. More information is available on Tanqueray's website and social media channels.

Ramp has launched Ramp Travel, a new integrated travel booking product, in partnership with Priceline Partner Solutions. The tool aims to simplify booking and managing business travel by leveraging AI, automations, and Ramp's expense management system. Travel and entertainment spend on Ramp's platform has grown from 10% to 20% of annual card spend since 2021, and this number is expected to rise as corporate travel demand returns to pre-pandemic levels. The new product offers access to Priceline's global inventory and rates, integrates deeply with Ramp's existing features to eliminate cumbersome processes, and provides real-time insights into travel expenses. Ramp Travel is part of Ramp's broader strategy to expand its platform capabilities, following a $150 million raise in April 2023. The product is available now for existing customers, aiming to streamline travel bookings, automate expense workflows, and provide cost controls and insights to businesses.

Booking Holdings (NASDAQ: BKNG) will be represented by CEO Glenn Fogel at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on May 20th. The presentation will be available via live audio cast and replay for 30 days.

In May 2024, KAYAK released its Summer 2024 Travel Forecast, showcasing a 13% decrease in domestic and 3% decrease in international airfare compared to 2023. The report highlights top trending destinations, wallet-friendly hotspots, and travel tips for the upcoming season. Travelers can expect cheaper flights over holiday weekends and should plan international trips post-July 4th for lower airfares.

Southwest Airlines introduced Cash + Points, a new flexible payment option for Rapid Rewards Members, allowing them to pay for flights with a combination of cash and points. Business Travel Managers can now use a combination of cash and Rapid Rewards Business points. Additionally, Rapid Rewards Members can now use their points for hotel stays using competitive rates at over 400,000 properties worldwide. The enhancements aim to provide extra flexibility for customers and create more value from their points.

Booking Holdings will release its first quarter 2024 financial results on May 2, 2024, with a press release available on the company's Investor Relations website. A conference call to discuss the results will follow shortly after the release.