May 23, 2024

CPS

Travel Adventure

Booking (BKNG) Room-Night Reservations Top Estimates on Strong Travel Demand

1 min read

Booking Holdings Inc., owner of travel brands Kayak and Priceline, said it expects room-night reservations to slow in the current quarter as tensions in the Middle East curb regional tourism.

The company said it expects growth of 4% to 6% in room-night bookings, less than the 7.4% increase analysts were expecting. Gross travel bookings which includes taxes and fees, should rise 3% to 5%, the company said, also missing Wall Street’s estimates for 7.9% growth.

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