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

Oct 31, 2024

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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