Recovery for Booking, but still a loss

Booking Holdings, the listed parent company of Booking.com, sees a clear recovery in the market. Revenue grew 243 percent to $2.2 billion in the second quarter, albeit at a loss of $167 million. A year ago there was still a profit of 122 million. The loss is higher than expected.

Travel company Booking continues to say (pdf) are significantly affected by the corona pandemic, even though 458 percent more hotel rooms were booked than a year earlier. Total bookings were worth $22 billion.

Booking largely relies on commissions on hotel and room reservations through its sites for its revenue. They fell sharply in the first quarter compared to a year earlier.


Source: Nieuws – Emerce by www.emerce.nl.

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