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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.

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Booking.com has become the Official Online Travel Partner of Major League Baseball (MLB) in the United States. This long-term partnership aims to facilitate baseball-inspired travels for fans across the country. A recent survey indicated that 49% of U.S. baseball fans plan to attend an MLB game this year, with 61% willing to travel up to 500 miles. Booking.com will offer a range of accommodations and has created a user-friendly booking experience through digital integrations with MLB's platforms. The initiative includes promotional deals to encourage fan travel, along with a focus on affordability and convenience for attendees.

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Booking Holdings (NASDAQ: BKNG) will release its fourth quarter and full year 2022 financial results on February 23, 2023, at approximately 4:00 p.m. ET. Following the release, a conference call is scheduled for the same day at 4:30 p.m. ET, where company executives will discuss the results. This event will be webcasted and available for replay on the company's Investor Relations website for seven days. The company is recognized as a leader in the global online travel industry, providing services across six major brands in over 220 countries and territories.

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Priceline has launched a new brand campaign titled 'Go To Your Happy Price,' debuting on February 12, 2023, with over $5 million in hidden travel deals. The campaign features actress Kaley Cuoco and aims to make travel more accessible by reducing price barriers. Notable deals include $1,000 off Priceline Hotel Express Deals, 99% off travel to Maui and Cancun, and $500 off trips to California. A survey revealed 76% of U.S. workers feel happier when they travel, yet many cite price as a hindrance. This is Priceline's first new brand platform in four years, showcasing their commitment to making travel essential to consumer joy.

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Booking.com has announced an engaging new ad campaign featuring Melissa McCarthy, set to launch during the 'big game' on February 12. The campaign promotes the idea that booking travel can be as fun as the trip itself, encouraging travelers to find 'Somewhere, Anywhere'. To celebrate, Booking.com will also give away $500,000 in travel credits, with 50 winners receiving $10,000 each. The campaign highlights that 73% of U.S. travelers enjoy booking trips and emphasizes Booking.com's status as the most downloaded online travel app in the U.S., aiming to inspire more Americans to travel this year.

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Booking Holdings (NASDAQ: BKNG) plans to host a conference call to discuss its fourth quarter and full year 2022 financial results on February 23, 2023, at 4:30 p.m. ET. The call, which will be available via webcast, highlights the company's upcoming financial performance metrics. The official earnings release will be posted on the Investor Relations website at 4:00 p.m. ET on the same day. Booking Holdings operates several leading travel brands, focusing on enhancing global travel experiences.

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OpenTable has released its annual list of the 100 Most Romantic Restaurants in America, compiled from over 13 million diner reviews. Reservations for Valentine's Day should be made before February 7 to ensure a table, with many popular spots filling up even earlier. Last year, 54% of reservations were booked by this date. OpenTable's survey indicates that diners are willing to spend more this year on Valentine's Day, with over one-third planning to splurge. Tips provided include dining during off-peak hours and considering weekend celebrations. The list features restaurants from 27 states, with steakhouses being the most represented cuisine.

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Affirm (NASDAQ: AFRM) has partnered with KAYAK, becoming its exclusive pay-over-time provider in the U.S. This collaboration allows travelers to book flights, accommodations, and car rentals while paying in monthly installments without hidden fees. With KAYAK reporting a 40% increase in flight prices yet a 46% rise in overall search demand, this partnership aims to enhance payment flexibility for consumers. Travelers can split costs over $150, improving spending power amidst rising travel prices. Affirm's existing network includes 245,000 merchants, enhancing its market presence.

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Agoda reports a significant resurgence in international travel for New Year's Eve, revealing a 29% increase in searches compared to last year and an impressive 88% rise over 2020. Notably, searches have surpassed pre-pandemic levels by 41%. Tokyo tops the list for Asia, while New York City and London lead in North America and Europe, respectively. The data indicates a diverse range of preferences, with urban and beach destinations both popular. Agoda, part of Booking Holdings (BKNG), operates a network of 2.9 million hotels and properties globally.

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The new winter travel hub launched by KAYAK and Turo enhances the car booking experience for travelers this holiday season. With over 1,400 car models available, users can utilize an interactive quiz to find their ideal vehicle. Interest in peer-to-peer car sharing on KAYAK has doubled this fall compared to earlier this year, indicating rising demand. The hub aims to simplify the booking process and drive traffic to Turo's local hosts, showcasing the growing synergy between travel and car sharing.

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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