Booking revenue triples on travel demand boost from U.S., Europe

Online travel agency Booking Holdings Inc said on Wednesday its quarterly revenue more than tripled and trounced estimates, driven by strong demand in Europe and the United States as more people planned their long-delayed getaways. Shares of the company, down 6% for the year, rose nearly 4% in aftermarket trading on a smaller adjusted quarterly loss, helped by vaccine rollouts and easing travel restrictions. The travel industry has been witnessing a quicker-than-expected return in demand, with economies rebounding from a pandemic-led slowdown.

Booking Reports Jump in Reservations on Travel Confidence

(Bloomberg) — Booking Holdings Inc. reported a better-than-expected surge in room night reservations for the second quarter, signaling rising vaccine rates boosted travel.The number of room-night reservations jumped 458% to 157 million in the period ended June 30, the first positive year-over-year growth since before the start of the pandemic. A year ago, Booking experienced an unprecedented 87% decline in the quarter due to Covid-19 border closings and lockdowns. The reservations topped the av

UPDATE 2-Booking revenue soars on travel demand boost

Online travel agency Booking Holdings Inc said on Wednesday its revenue tripled and trounced estimates as more people used its services to plan their long-awaited getaways encouraged by vaccine rollouts and easing travel restrictions. “We are encouraged by another quarter of meaningful sequential improvement in booking trends with second quarter room nights increasing 59% versus the first quarter of 2021, primarily driven by stronger results in Europe and in the U.S.,” Chief Executive Officer Glenn Fogel said. The travel industry has been witnessing a quicker-than-expected return in demand, with economies rebounding from a pandemic-led slowdown and people feeling more encouraged to spend their money on non essentials.

Booking Holdings to Make Second Quarter 2021 Earnings Press Release Available on Company’s Investor Relations Website on Wednesday, August 4 – Yahoo Finance