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. (BKNG) operates the world's leading digital travel ecosystem through brands like Booking.com, KAYAK, and OpenTable. This news hub provides investors and industry professionals with essential updates about strategic initiatives, financial performance, and technological advancements shaping the online travel sector.
Discover official press releases covering quarterly earnings, partnership announcements, and innovation in AI-driven travel solutions. Our curated collection simplifies tracking regulatory developments, market expansions, and leadership changes impacting this NASDAQ-listed industry leader.
All content is organized to help users efficiently analyze BKNG's position in the competitive travel technology landscape. Bookmark this page for real-time updates on operational milestones, sustainability initiatives, and consumer experience enhancements across Booking Holdings' global platforms.
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.
OpenTable, part of Booking Holdings (NASDAQ: BKNG), reports a 54% increase in restaurants listing outdoor dining compared to pre-pandemic 2019. This reflects growing consumer interest, as cities nationwide saw double-digit spikes in outdoor dining reservations. Notable increases were seen in New York (141%) and San Francisco (126%). OpenTable's annual list of the 100 Best Restaurants for Outdoor Dining includes establishments from 25 states, emphasizing the trend's popularity. Outdoor dining has become essential for restaurants, driving business recovery amid changing consumer preferences.
Booking Holdings (NASDAQ: BKNG) announced a conference call to discuss its Q2 2022 financial results on August 3, 2022, at 4:30 p.m. ET. The results will be available on the company's Investor Relations website around 4:00 p.m. ET on the same day. The call will be webcasted, and a replay will also be accessible for seven days following the event. This event underscores the company's commitment to transparency and investor relations.
Cendyn has partnered with OpenTable to enhance hotel dining experiences by integrating their eInsight CRM with OpenTable's platform. This integration allows hotel restaurants to access comprehensive guest insights, unifying dining and lodging profiles. Guests will now experience personalized service based on their preferences and loyalty status. Cendyn's CEO, Tim Sullivan, emphasizes that this partnership empowers hotel staff to improve guest loyalty and satisfaction through personalized engagement.
OpenTable, a subsidiary of Booking Holdings (NASDAQ: BKNG), has announced a strategic partnership with inline Group Ltd to enhance restaurant reservations in East Asia. OpenTable diners will soon book reservations and order food at popular local restaurants powered by inline's systems. The partnership also includes a strategic financial investment from OpenTable into inline, aiming to expand OpenTable's presence in the Asia-Pacific region. Inline has established a leadership position in select Asian markets, serving over 200 million diners.
T-Mobile (NASDAQ: TMUS) and Rocket Travel (NASDAQ: BKNG) have launched T-Mobile TRAVEL with Priceline, providing exclusive travel discounts for T-Mobile customers. This initiative aims to enhance user experience and brand loyalty as travel demand surges. Customers can save up to 40% on hotels and rentals, with over $17 million saved during the pilot phase. T-Mobile intends to leverage its extensive 5G coverage to improve customer connectivity while exploring new travel opportunities.
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