Booking Holdings Stock Price, News & Analysis

Credit One Bank has partnered with Priceline to launch a new travel booking engine exclusively for Wander Card members, enabling them to earn up to 10X points on hotel and car rental bookings. The site offers a wide array of travel deals, including flights and packages, accessible via online accounts or the Credit One Mobile App. This initiative aims to enhance the travel purchasing experience for cardmembers and facilitate rewarding travel adventures, as stated by senior executives from both companies.

Agoda's 'Explore Thailand' campaign aims to boost tourism as the country reopens its borders. Launched on September 19, 2022, this initiative highlights popular Thai destinations, including Bangkok, Chiang Mai, Hua Hin, and several beach resorts like Koh Samui and Phuket. Agoda's promotion offers travelers discounts on accommodations for bookings made until September 23, 2022, with stays possible within 90 days. The campaign leverages Thailand's rich culture, vibrant city life, and beautiful beaches to attract international visitors back to the country.

Barclays US Consumer Bank and Priceline have launched PricePoints, a new feature for the Priceline VIP Rewards™ Visa Card. This feature allows cardholders to earn 5x points on every dollar spent when booking travel on Priceline, even when redeeming points. Cardmembers can redeem points easily while still accruing rewards, enhancing the value of their travel purchases. This program aims to attract travelers by offering one of the industry's richest point systems, streamlining the redemption process and incentivizing travel expenditure.

Booking Holdings (NASDAQ: BKNG) announced that CFO David Goulden will present at the Evercore ISI 2nd Annual Technology Conference on September 8, 2022, at 10:15 AM ET. A live audio cast of the presentation will be publicly available, and a replay will be accessible for 90 days post-event. This engagement highlights the company's commitment to transparency and investor communication, underlining its status as a leader in online travel and services across 220 countries.

Agoda has partnered with Alipay+ to enhance its platform with advanced payment solutions and customer rewards. This collaboration introduces multiple marketing solutions, including Alipay+ Rewards, aimed at increasing transaction conversion rates for Agoda. As travel rebounds post-COVID-19, Agoda reports a nearly tenfold increase in bookings in key regions. The integration will initially benefit travelers in Hong Kong, the Philippines, and Thailand. Agoda's history with Alipay dates back to 2013, underlining a longstanding relationship in the digital payments space.

Booking Holdings (BKNG) reported strong financial results for Q2 2022, with gross travel bookings reaching $34.5 billion, a 57% increase year-over-year. Total revenues soared to $4.3 billion, marking a 99% rise from the previous year, with a net income of $857 million, compared to a net loss of $167 million in Q2 2021. The Company achieved a non-GAAP net income of $776 million, rebounding from a loss of $105 million in the prior-year period. Adjusted EBITDA was $1.1 billion, a significant increase from $48 million in Q2 2021. Looking forward, BKNG anticipates record Q3 revenue.

Booking Holdings (NASDAQ: BKNG) will release its second quarter financial results on August 3, 2022, at 4:00 p.m. ET. The release will be accessible via the company's Investor Relations website. Following this, a conference call is scheduled for the same day at 4:30 p.m. ET to discuss the results in detail. Audio replays of the event will be available for seven days post the call. Booking Holdings is a leading provider of online travel services, operating globally through multiple brands, including Booking.com and Priceline.

OpenTable, part of Booking Holdings (NASDAQ: BKNG), has entered a global agreement to become the preferred restaurant technology provider for Marriott International. This partnership will enable Marriott's restaurants, over 1,400 in more than 56 countries, to utilize OpenTable's technology, enhancing their operations and guest experiences. With Marriott's extensive portfolio, OpenTable aims to showcase restaurant offerings on its global channels and introduce new premium products to drive revenue. This collaboration highlights the importance of dining in Marriott's hospitality offerings.