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Booking shines on travel rebound, COVID in Europe casts doubts on holiday demand

Booking Holdings Inc topped market expectations for quarterly profit and revenue on Wednesday, but said a COVID-19 resurgence in Europe had cast uncertainty over year-end demand.

Why online-travel giant Booking is getting into the fintech game

Why online-travel giant Booking is getting into the fintech game
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

Booking Sees More Reservations for Travel as Vaccines Gain

Booking Sees More Reservations for Travel as Vaccines Gain Room-nights were down about 43% in April compared with 2019 levels, he said, which was an improvement from March. The rebound was being led by domestic travel. Bloomberg | May 06, 2021 (Bloomberg) Booking Holdings Inc. saw a significant jump in the number of room-night reservations made in the first quarter compared with the end of last year, showing the world’s biggest online travel agent is starting to benefit from pent-up demand as more people become vaccinated and look forward to vacation. After a year of unprecedented revenue declines due to pandemic-related lockdowns and border closures, Booking is hoping the Covid-19 infections will slow enough in time to save its summer boom. The company saw room-night bookings decline only 20% from a year earlier for the period ended March 31, as travelers started making vacation plans for the year ahead. Room nights booked were down 60% in the fourth quarter.

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