Booking Holdings Stock Price, News & Analysis

Booking Holdings (NASDAQ: BKNG) announced that its Chief Financial Officer, David Goulden, will present at Nasdaq's 45th Investor Conference on December 2 at 12:00 PM ET. A live audio stream will be available at ir.bookingholdings.com for public access, with a replay for 14 days. Additionally, CEO Glenn Fogel and Goulden will discuss at the UBS Global TMT Virtual Conference on December 6 at 11:00 AM ET, also with a live audio stream and replay available.

Agoda, a subsidiary of Booking Holdings (BKNG), has partnered with Maldives Border Miles (MBM) to enhance tourism through a new loyalty program. The MoU signed on November 22, 2021, aims to drive traffic and bookings to the Maldives by leveraging Agoda's extensive global network and marketing expertise.

The MBM program, unique in the world, allows travelers to accumulate reward points based on bookings and activities. With over 50,000 sign-ups in less than a year, the program is poised for growth. The Maldives has seen a 400% increase in inbound searches, indicating a strong recovery in tourism.

Booking Holdings Inc. (NASDAQ: BKNG) has announced an agreement to acquire global flight booking provider Etraveli Group for approximately €1.63 billion. The acquisition, expected to enhance Booking's flight offerings, is subject to regulatory approval. Etraveli has been a partner of Booking.com and will continue to operate independently under its current management, headquartered in Sweden. The deal aims to create a seamless travel booking experience as international air travel recovers post-pandemic.

Priceline is launching its largest Black Friday Sales Event, starting on November 22, offering over $7 million in savings on hotels, flights, and more. The event includes 10% off sitewide Express Deals from Black Friday to Cyber Monday, along with mystery coupons for 99% off for VIPs. Discounts include up to 30% off hotels and 15% off flights. Travelers can also expect savings on rental cars and vacation packages. Following this, the Seasons of Savings event begins on November 30.

KAYAK expands its hotel portfolio with two new properties in Playa del Carmen, Mexico, enhancing its ability to test and develop accommodation technology. The KAYAK Luna and KAYAK Sol hotels are now available for reservations, featuring amenities like rooftop pools and direct communication through the KAYAK app. Both properties will be managed by Life House. KAYAK's first hotel in Miami Beach has already surpassed revenue benchmarks since its opening in April 2021.

Barclays and Priceline launched the Priceline VIP Rewards™ Visa® Card on November 16, 2021, offering cardmembers automatic Priceline VIP Gold Status and points on purchases with no annual fee. Cardholders earn 5X points on Priceline bookings, 2X points on gas and restaurant purchases, and 1X point on others. New members receive 10,000 bonus points after spending $1,000 in the first 90 days. The card provides various travel benefits, including discounts and no foreign transaction fees, enhancing travel rewards for cardholders.

Booking Holdings Inc. (BKNG) has announced an agreement to acquire Getaroom, a B2B hotel room distributor, for approximately $1.2 billion. The acquisition, subject to regulatory approval, will see Getaroom integrated into Booking's Priceline brand, enhancing B2B distribution and technological capabilities for hotel partners. This strategic acquisition aims to streamline operations and improve offerings for hotel and affiliate partners, aligning with the recovery of the travel industry post-pandemic. Getaroom's CEO, Matt Davis, will lead the new Strategic Partnerships business unit.

Booking Holdings (BKNG) will release its third quarter 2021 financial results on November 3 at 4:00 p.m. ET. A conference call to discuss these results will follow at 4:30 p.m. ET. Investors can access the press release on the company's Investor Relations website. Booking Holdings operates globally through six major brands, including Booking.com and Priceline, serving customers in over 220 countries. The company aims to simplify travel experiences, emphasizing its commitment to enhancing customer service and global connectivity.

OpenTable, part of Booking Holdings (NASDAQ: BKNG), shared its list of the 100 Best Restaurants for a Date in America for 2021, highlighting popular dining spots. According to a Bumble survey, over 45% of US daters are eager to transition from virtual to in-person dates. OpenTable has partnered with Bumble, providing users with localized recommendations through the app from October 25 to November 8. The list and local guides aim to simplify the dating experience, while new features like Dining Areas enhance reservation choices.