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 has relaunched its State of the Industry dashboard, incorporating new datasets from its global network of 55,000 restaurants. Key findings from March 2023 include:
- Late-night dining increases: Dining at 8 PM and 9 PM rose significantly, particularly on Mondays and Thursdays.
- Wednesdays and Thursdays are trending: These days saw a rise in dining across various hours, with notable increases in lunchtime participation.
- Year-over-Year stability: Seated diners in March 2023 saw a slight 4% decrease YoY, contrasting with increases in January and February.
34% of diners reported dining out less to save money, a drop from 40%. Despite economic challenges, CEO Debby Soo expressed optimism about continued dining interest as warmer weather approaches.
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