Booking.com beats on room nights, international travel
The company's increase in room nights booked was driven primarily by stronger performance in Europe and Asia
Booking Holdings raised its full-year gross bookings guidance and reported third-quarter room nights booked ahead of analyst expectations. This indicates that consumer demand remained robust over the summer, contrary to the concerns of some investors.
Key takeaways
- For the three months ended September 30, room nights booked increased 8% to 299 million, exceeding Wall Street estimates and the company's own projections;
- The company continues to see strong growth in room nights booked for the fourth quarter, reflecting resilient travel demand;
- Based on these positive results, Booking has raised its outlook for the full year and now expects gross bookings growth of approximately 8% and revenue growth of just under 10%.
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