Booking Holdings

The EU court in Luxembourg upheld the EU Commission's 2023 decision that Booking's takeover of eTraveli would substantially lessen competition. The Commission feared higher hotel prices and a stronger market position for Booking because flight and hotel bookings could converge. Booking says the ruling is legally wrong and is considering an appeal to the European Court of Justice. Booking's share price fell sharply in response. » Más en finanzen.net

Booking Holdings receives tailwinds from rising summer travel and the strength of its platforms such as Booking.com, Priceline, Agoda and KAYAK. The business model is based on high platform effects, strong brand recognition and recurring demand for hotels, vacation rentals, flights and car rentals. Booking.com remains the group's primary revenue driver. » Más en finanzen.net

Booking Holdings reported resilient Q1 results with revenue of $5.5 billion (+16%) and adjusted EBITDA up 19%, while room nights rose 6% (about 8% excluding Middle East disruption). Management signalled a strategy shift from discovery to an execution-layer focus across payments, settlements, refunds, fraud management and trip orchestration, with merchant gross bookings at 72%, mobile mix in the high-50% range and early Connected Trip penetration in low double digits. Near-term guidance was downgraded—Q2 room nights guided to 2–4% and full-year revenue to high single-digit growth—but the bull case sees upside if Connected Trip reaches 20–25% and merchant mix ~80%, supporting a rerating from travel operator to transaction infrastructure. » Más en finance.yahoo.com