US Market News
3週前
Take the Trip: KAYAK Summer Travel Report Highlights Smart Ways to Save on Summer TravelMay 20, 2026 12:20 PM
PR Newswire (US) KAYAK data shows travelers prioritizing value, proximity, and flexibility as airfare fluctuatesNearly half of the most-searched flight destinations for U.S. travelers this summer are trending under $500NORWALK, Conn., May 20, 2026 /PRNewswire/ -- KAYAK, a leading travel search engine, released its Summer 2026 Travel Report, revealing where Americans are headed this summer, how travel habits are shifting, and where travelers can still find value and book with confidence despite rising prices. The report shows that while airfare remains unpredictable, Americans are still prioritizing travel and looking for smarter ways to make their summer trip happen. According to new KAYAK data, overall flight interest is up 4% year over year, with domestic travel searches climbing 7% as travelers look to stay a bit closer to home while still making the most of summer. International travel interest also remains strong, particularly for Europe, which continues to rank as the most-searched international region for summer travel."Airfares are especially unpredictable this summer, which can make planning trickier, but with some flexibility and the right tools to compare options, travelers can still find affordable ways to get away," said Kayla DeLoache, travel trends expert at KAYAK. "At KAYAK, we want travelers to feel confident they're making smart decisions, whether that means finding a better fare, comparing travel options, or discovering destinations that fit their budget."Proximity and Value are Driving Summer Travel TrendsTravelers are increasingly gravitating toward destinations that are easier (and often cheaper) to reach, with closer-to-home international escapes seeing some of the biggest spikes in interest year over year.According to KAYAK data, Santiago de los Caballeros, Dominican Republic (+29%) and Santo Domingo (+24%) rank among this summer's fastest-growing destinations, highlighting strong search interest for warm-weather international trips that don't require a long-haul flight or luxury-level budget.Domestic destinations are also seeing major momentum, with Valparaiso, Florida (+27%) and Asheville, North Carolina (+24%) among the top trending spots this summer. Meanwhile, World Cup host cities are getting a boost as well, with Kansas City (+25%) and San Francisco (+23%) both seeing significant increases in search interest ahead of this year's matches. Even better for travelers, average airfare to all four destinations is currently coming in under $500 roundtrip, making them standout options for travelers looking to maximize value this summer.Timing Your Trip Could Save HundredsChoosing where to go is only part of the equation this summer, when you travel can make just as big of a difference on your wallet. According to KAYAK data, travelers can save up to 9% on domestic flights and approximately 42% on international flights by booking their travel now and flying between mid-August and early September instead of peak summer weeks. Travelers can unlock even more savings by flying midweek or earlier in the day, traveling on the holidays themselves (like July Fourth), or using KAYAK's Flex Dates tool, which helps identify the cheapest days to fly through calendar-based fare comparisons.Europe Remains the Most-Searched International Region for Summer Travel Even as travelers look for ways to save, international travel searches remain strong, especially for Europe. London, Paris, Rome, and Madrid all rank among KAYAK's most-searched international destinations this summer, reinforcing Europe's staying power as a top summer region for U.S. travelers.Meanwhile, nearby destinations such as Toronto, Mexico City, and Cancún continue to offer some of the lowest international airfares, while European cities including Reykjavik, Dublin, Shannon, and Stockholm are still averaging fares below $900. Even for bucket-list destinations, travelers who compare options and stay flexible can still find strong airfare value this summer.Smart Travel Tools Helping Travelers Stretch Budgets FurtherTo help travelers navigate rising costs and changing prices, KAYAK offers several tools designed to uncover savings and simplify planning:Trip Calculator. As gas prices rise at a faster rate than flight prices, KAYAK's trip calculator compares the cost of flying versus driving using real-time airfare and gas price data.Price Alerts. In this environment, tracking real-time price changes matters more than trying to predict them. Tools like KAYAK's Price Alerts help travelers monitor fares and act when prices drop or stabilize.Explore helps travelers discover destinations that fit their budget based on departure airport and travel dates.Ask AI allows travelers to search and compare trips conversationally."Flexibility, timing, and having the right travel tools can help travelers plan smarter and feel more confident about the value they're getting this summer."About KAYAK
KAYAK, part of Booking Holdings (NASDAQ: BKNG), is a leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car and vacation package. Trusted by millions of travelers, the KAYAK app makes travel planning seamless on iOS and Android and we also support business travelers with our corporate travel solution.Methodology
Full methodology for summer travel trends can be found here. View original content to download multimedia:https://www.prnewswire.com/news-releases/take-the-trip-kayak-summer-travel-report-highlights-smart-ways-to-save-on-summer-travel-302777962.htmlSOURCE KAYAK Original: Take the Trip: KAYAK Summer Travel Report Highlights Smart Ways to Save on Summer Travel
US Market News
1月前
Priceline® Brings Back the Negotiator to Save the Summer VacationMay 12, 2026 6:56 AM
PR Newswire (US) William Shatner taps Randall Park to take over as the next Priceline Negotiator. His first order of business: Priceline's biggest summer sale ever.NORWALK, Conn., May 12, 2026 /PRNewswire/ -- For months, headlines have warned rising travel costs are putting vacations under pressure. Families are adjusting budgets. Trips are being reconsidered. Nearly half of Americans say a summer vacation feels out of reach this year.1 Not if Priceline can help it. The brand that saves travelers over $1B every year is on a mission to save the summer vacation. Today, Priceline is bringing back the iconic Priceline Negotiator to Unbummer Your Summer with its biggest summer sale ever.Priceline kicked off the search for its next Negotiator with a nationwide TikTok stunt before announcing actor and comedian Randall Park is stepping into the role. William Shatner, the original Priceline Negotiator and the man who made the character a cultural phenomenon, came out of retirement to rigorously train Park before handing over the keys to Priceline's legendary deals headquarters.Inside those headquarters, the Negotiator is back to doing what he does best: making sure travelers get the best deal possible. The mission is the same. The pressure is higher. The deals are bigger than ever."Priceline was founded on the belief that travel should not feel out of reach," said Brigit Zimmerman, Chief Executive Officer, Priceline. "For more than 25 years, we have worked on behalf of travelers to find better deals and make more trips possible. Bringing back the Negotiator puts a recognizable face on a mission that has been core to Priceline from the beginning. When travelers are under pressure, we work even harder to help them be there for the moments that matter."Priceline's new research, part of its upcoming State of Summer Travel Report, makes the stakes clear: 73% of Americans say they are still determined to make a summer vacation happen this year.1 Full findings will be released in June."Bringing back the Negotiator was a deliberate decision to put Priceline's promise to travelers front and center during a travel affordability crisis," said Lesley Klein, SVP, Strategy and Brand Marketing, Priceline. "This is the time to show up for them. By leaning into something people have long known and loved about Priceline, we're reinforcing our commitment to helping travelers get the deals they need to make travel happen."The original Negotiator agrees."The Negotiator was never just a character," said William Shatner. "He stood for fighting to get travelers the deal they deserve. Priceline never stopped doing that. It's good to see him front and center again, and Randall brings the right energy for the job.""Travel is tied to some of the most important moments in people's lives," said Randall Park. "What I connected to is that the Negotiator is there to fight for the traveler and to help make those moments happen. That's a legacy I'm proud to carry forward."Priceline's Unbummer Your Summer Sale launches today
The Negotiator's first order of business? To Unbummer Your Summer with discounts up to 60% off, on top of Priceline's everyday deals. Running May 12 through May 25, the sale brings negotiated savings to nearly every part of the trip, from hotels and packages to rental cars, cruises, and Priceline Experiences, giving travelers more ways to make the trips they want happen for less.Featured deals include:Hotels: Up to 30% off hotels$75 off hotel stays of 3 or more nightsUse code STAYAWHILEFirst 1,000 bookings only10% off hotel Express Deals in the Priceline AppUse code SUMMERSTAYVacation Packages: Up to 60% off packagesRental Cars: Up to 25% off rental carsCruises: Up to $1,000 in onboard cruise credit + $50 port creditTours & Activities: 10% off Priceline Experiences (May 18–May 25)Use code SUMMERSALE10Priceline VIPs and Priceline VIP Rewards™ Visa® Card members: An extra 15% off any coupon eligible deal (May 18–May 25)Where to watch Priceline's new Negotiator campaign featuring Randall Park
The campaign begins with William Shatner, retired but still as committed as ever to fighting for the traveler, outraged by soaring travel costs and determined to find the next Priceline Negotiator. Priceline builds momentum around that search with a series of Shatner-led TikTok "interview" duets leading up to the reveal of Randall Park as his successor, alongside a remix of its signature Negotiator sting — one of the most recognizable audio assets in advertising — created in partnership with DJ David. The remix will roll out across TikTok and social platforms throughout the summer, introducing Priceline's ubiquitous earworm to a new generation of travelers.The launch spot, The Handoff, culminates with Park acing Negotiator training and Shatner officially handing over the title. The campaign will roll out across broadcast, streaming, audio, social, and online video with high-impact takeovers and premium placements throughout the summer. To further Unbummer Your Summer, Priceline will also bring its value mindset to the media experience, unlocking ad-free listening and premium viewing experiences across streaming platforms, including Pandora, HBO Max, Peacock and Tubi.The new Negotiator and Unbummer Your Summer campaign was developed in partnership with Priceline's interagency team, including creative agency MIRIMAR, media agency PHD, public relations agency Small Girls PR, and social media agency Hello There Collective. It was produced by SixTwentySix and directed by Evan Bourque.New spots, new deals and more from the Negotiator will roll out all summer long.He will not be taking a vacation. Everyone else should.Watch the Handoff here and find summer deals now at Priceline.com/UnbummerYourSummer or in the Priceline app.About Priceline
Priceline, part of Booking Holdings Inc. [NASDAQ: BKNG], has been helping travelers get better deals for more than 25 years. Using proprietary technology to analyze billions of data points, Priceline unlocks savings across hotels, flights, rental cars, cruises, vacation packages, and more. With inventory from trusted travel brands in more than 116 countries, 24/7 customer service, Priceline VIP, and Penny, its AI-powered travel assistant, Priceline helps travelers save smarter and book with confidence. No one deals more deals than Priceline.1 According to a new Priceline survey, conducted by Wakefield Research, among a nationally representative sample of 2500 U.S. adults ages 18+, March 2026. Full findings will be released in Priceline's State of Summer Travel Report in June 2026. View original content to download multimedia:https://www.prnewswire.com/news-releases/priceline-brings-back-the-negotiator-to-save-the-summer-vacation-302768856.htmlSOURCE Priceline Original: Priceline® Brings Back the Negotiator to Save the Summer Vacation
US Market News
1月前
OpenTable Launches Inaugural U.S. Restaurant Ambassador CouncilApril 28, 2026 12:00 PM
PR Newswire (US)
Hospitality leaders across the U.S. will share real-world expertise and frontline insights to help inform strategy and innovation alongside OpenTable's Advisory BoardSAN FRANCISCO, April 28, 2026 /PRNewswire/ -- OpenTable today announced the launch of its U.S. Restaurant Ambassador Council, a thoughtfully selected group of chefs, operators, and hospitality leaders who will provide real-world insights, ensuring the company's roadmap is rooted in the challenges and opportunities most critical to restaurants. The 2026 cohort brings together 20 hospitality pros across 17 cities, representing a diverse cross-section of the industry, from established culinary capitals to rising regions.
Built on OpenTable's deep-rooted relationships with restaurants and its commitment to serving them, the Ambassador Council introduces a new level of partnership to bring industry leaders into ongoing conversations with the business. Council members will meet with OpenTable's executive team to discuss industry trends and happenings, exchange feedback on OpenTable's products and priorities, and help shape short and long-term initiatives that directly impact restaurants and diners.The Ambassador Council complements OpenTable's U.S. Advisory Board, a group of industry titans dedicated to helping advance the company's mission of serving restaurants. Together, the Advisory Board and Ambassador Council ensure OpenTable's strategy is informed by a mix of leaders living and breathing the hospitality industry in various ways."Restaurants are at the center of everything we do at OpenTable, and our Ambassador Council creates a new two-way connection to ensure they are seen and heard as both the company and the industry rapidly evolve," said Amy Wei, Chief Operating Officer for OpenTable. "This inaugural cohort formalizes strong relationships we've built over the years – each member represents some of the most passionate and innovative leaders in hospitality, and we're honored to partner with them as we help shape the future of dining together.""Participating in the OpenTable Ambassador Council is a truly wonderful opportunity to learn, share, and be inspired," said Elizabeth DePalmer, Managing Partner & Business Director for Atomic Workshop. "With the many issues currently facing the restaurant industry, spending time with hospitality thought leaders from around the country will be incredibly valuable."Meet the 2026 OpenTable Ambassador Council (A-Z):Effie Richardson, Managing Director & Co-Proprietor, Dakar NOLA (New Orleans, Louisiana)Ann Kim, Chef & Owner, Pizzeria Lola & Hello Pizza (Minneapolis, Minnesota)Ashley Christensen, Chef & Proprietor, Poole's Diner, Death & Taxes (Raleigh, North Carolina)Biplaw Rai, Owner, Comfort Kitchen, Ama at The Atlas, Foxglove Terrace (Boston, Massachusetts)Caroline Styne, Co-Owner & Wine Director, Lucques Hospitality Group (Los Angeles, California)Earl Ninsom, Chef, Founder & Co-Owner, Langbaan, EEM, Yaowarat, Hat Yai, OK Chicken, and others, (Portland, Oregon)Elizabeth DePalmer, Managing Partner & Business Director, Atomic Workshop: State Bird, The Progress, The Anchovy Bar (San Francisco, California)Erin Pommer, Director of Brand, Frasca Hospitality Group (Denver, Colorado)Jihan Lee, Chef & Partner, Nami Nori, (New York, New York)Joe Frillman, Executive Chef & Owner, Daisies, The Radicle (Chicago, Illinois)Jordan Rubin, Chef & Owner, Mr. Tuna, Ladyfish (Portland, Maine)June Rodil, CEO & Partner Goodnight Hospitality: Montrose Cheese & Wine, Rosie Cannonball, MARCH, The Marigold Club (Houston, Texas)Kevin Tien, Chef & Owner, Moon Rabbit (Washington, D.C.)Michael Ridard, Partner & Chief Sales Officer, Riviera Dining Group (Miami, Florida)Rachel Kornafel, Chief Brand Officer, Union Square Hospitality Group (New York, New York)Ryan Bailey, Co-Founder, DOO & Sommelier, Like Water Hospitality: Kato (Los Angeles)Ryan Pernice, Owner & Operator, R.O. Hospitality: Table & Main, Osteria Mattone (Atlanta, GA)Serigne Mbaye, Executive Chef & Owner, Dakar NOLA (New Orleans, Louisiana)Vinnie Cimino, Chef-Owner, Cordelia, Rosy (Cleveland, Ohio)Zach Dorman, Director of Events and Partnerships - SingleThread (Healdsburg, California)For more information about the council and its members visit opentable.com/restaurant-solutions/ambassador-council/About OpenTable
OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ: BKNG), helps more than 65,000 restaurants worldwide fill 1.9 billion seats a year. OpenTable's world-class technology empowers restaurants to focus on what matters most - their team, their guests, and their bottom line - while enabling diners to discover and book the perfect restaurant for every occasion.
View original content to download multimedia:https://www.prnewswire.com/news-releases/opentable-launches-inaugural-us-restaurant-ambassador-council-302755780.htmlSOURCE OpenTable, Inc.
Original: OpenTable Launches Inaugural U.S. Restaurant Ambassador Council
US Market News
1月前
London's Top Restaurants Named at Inaugural OpenTable Awards, Including New 'Icons'April 28, 2026 4:41 AM
PR Newswire (US)
OpenTable unveils its first-ever Restaurant Awards winners, including the new 'Icons'* list spotlighting the restaurants defining London dining todayWinners include BRUTTO for the Icons list, Singburi for Opening of the Year and The Plimsoll for Gastropub of the YearLONDON, April 28, 2026 /PRNewswire/ -- London's dining powerhouses have been revealed, as OpenTable names the favourite restaurants shaping the city's food scene at its first-ever OpenTable Restaurant Awards. The winners span across three categories; OpenTable Icons*, Restaurateurs' Choice,** and People's Choice.**
Hosted by Chef and social media personality, Poppy O'Toole, the awards took place on 27th April high in the London skyline at Landing Forty Two, welcoming key figures from the food, drink, and hospitality industry.At the centre of the Awards is OpenTable's new 'Icons'*, 26 culinary landmarks shaping London's dining culture. Spanning long-standing institutions, MICHELIN-starred restaurants and modern favourites, the list was hand-selected by an OpenTable-appointed panel of critics and industry experts who live and breathe the city's food scene.The 2026 OpenTable London Icons:64 Goodge Street | Andrew Edmunds | Blacklock Soho | Bouchon Racine | Brawn | BRUTTO | Chez Bruce | CORE by Clare Smyth | Da Terra | Darjeeling Express | Donia | Hawksmoor St Pancras | Humble Chicken | JUNO Omakase | MAMBOW | Moro | Portland | Restaurant Gordon Ramsay | Rita's | Scott's Mayfair | St. JOHN Smithfield | The Clove Club | The Ledbury | The Plimsoll | The Quality Chop House | TrinityOpenTable Icons has a designation within the website and app, making it easier for diners to discover and book the 'of the moment' restaurants. Beyond the Icons list, the awards honoured standout performers across categories voted for by diners and hospitality professionals.The People's Choice (Voted by Diners):Bucket List: The LedburyGastropub of the Year: The PlimsollOpening of the Year: SingburiNeighbourhood Gem: St. JOHN SmithfieldStandout Service: Rita'sThe Restaurateurs' Choice (Voted by the Industry):Everyday Hero: David Moore, Pied à TerreUp & Coming: Dara Klein, Tiella Trattoria & BarInnovation Award: Three SheetsImpact Award: BubalaRestaurant Design: Berners TavernAwards host Poppy O'Toole said, "It was a privilege to celebrate the chefs, front-of-house teams and restaurateurs whose passion keeps London's dining culture so vibrant. From neighbourhood gems to destination dining rooms, the OpenTable Restaurant Awards winners show the breadth, creativity and resilience of the city's restaurant scene today." "Our first-ever OpenTable Restaurant Awards winners are the places defining London's culture right now, setting global standards and creating experiences that stay with diners long after they leave," said Laure Bornet, Senior Vice President of International Growth at OpenTable. "At a time of real pressure for the industry, celebrating and backing the people and places raising the bar matters more than ever, and we're proud to champion these standout spots to diners."The Icons were selected by a panel of judges including: Adam Hyman, Owner of CODE Hospitality and The Good Food Guide, Ben Benton and Freddy Clode, Hosts of The Go-To Food Podcast; Ben Lippett, Cook and Food Writer; Jenny Lau, Writer and Community Chef; Jimi Famurewa, Food Writer, Restaurant Critic and Broadcaster; Lorraine Copes, Founder and CEO of Be Inclusive Hospitality and Seema Pankhania, Food Content Creator and Author. You can find the full list of Icons here and award winners linked here. A selection of high-res imagery is available here. NOTES TO EDITORS*OpenTable Icon Methodology: The 'Icon' designation and associated restaurant nominations are determined by an OpenTable-appointed industry panel via a qualitative assessment of a pre-determined shortlist. This shortlist is generated through a combination of data-informed insights (diner reviews, ratings, and platform signals) and expert input from local specialists. This process represents a subjective assessment rather than an objective ranking or exhaustive list. Eligibility is merit-based and requires no purchase or commercial participation, and payment to OpenTable does not influence the likelihood of nomination or selection. All selections are discretionary, final, and binding. **OpenTable Restaurant Awards Terms & Conditions: https://www.opentable.co.uk/c/awards-london/terms/ About OpenTable:OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ: BKNG), helps more than 65,000 restaurants worldwide fill 1.9 billion seats a year. OpenTable's world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion. Photo: https://mma.prnewswire.com/media/2967573/Poppy_O_Toole_OpenTable.jpg
Photo: https://mma.prnewswire.com/media/2967574/Henry_Harris_Icon_Award_OpenTable.jpg
Logo: https://mma.prnewswire.com/media/2967572/OpenTable_Logo.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/londons-top-restaurants-named-at-inaugural-opentable-awards-including-new-icons-302755481.html
Original: London's Top Restaurants Named at Inaugural OpenTable Awards, Including New 'Icons'
iHub News
4月前
Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street FuturesFebruary 16, 2026 5:40 AM
IH Market News
Markets are heading into a shortened trading week packed with economic releases and major corporate earnings, while geopolitical developments between Washington and Tehran are keeping energy traders alert. Oil prices are holding in a narrow range ahead of new nuclear talks in Switzerland, Warner Bros. Discovery is reportedly reassessing a takeover proposal, and both gold and Bitcoin are under pressure.
U.S. markets shut for holiday
Wall Street is closed Monday for a public holiday, but investors are bracing for a busy schedule later in the week featuring key inflation data and high-profile earnings.On Friday, U.S. indices finished mixed. Traders weighed January inflation figures that showed price pressures easing more than expected, strengthening expectations that the Federal Reserve could bring forward its next rate cut to as early as June. Earlier in the week, however, a robust labor market report had fueled speculation that policymakers — who reduced rates several times in 2025 — might delay further easing until the second half of the year.The Nasdaq Composite remained under strain, reflecting persistent concerns about disruption in technology and communication services from the rapid development of new artificial intelligence models. Questions around competitive pressures and the timeline for returns on heavy AI infrastructure spending by mega-cap firms weighed on sentiment.Attention now shifts to Friday’s release of the U.S. personal consumption expenditures (PCE) price index for December, closely watched by Fed officials as a key inflation gauge. An advance estimate of fourth-quarter U.S. GDP is also due the same day.Earnings season continues, with results expected from companies including Walmart Inc. (NYSE:WMT), Palo Alto Networks (NASDAQ:PANW), Analog Devices (NASDAQ:ADI) and Booking Holdings (NASDAQ:BKNG).
Washington and Tehran to meet again
The U.S. and Iran are scheduled to hold a second round of nuclear negotiations in Switzerland this week, following renewed dialogue earlier in February.The diplomatic push comes alongside heightened tensions, with Washington deploying additional military assets to the Middle East and signaling readiness for further action should talks falter. President Donald Trump has repeatedly urged Tehran to accept an agreement or risk facing increased military pressure.Over the weekend, Iranian officials indicated a willingness to compromise on aspects of their nuclear program in exchange for relief from U.S. sanctions, adding that the next move rests with Washington.“[T]here is still a large risk premium priced into the market given the uncertainty over how the situation between the U.S. and Iran evolves,” analysts at ING said in a note.Oil markets were largely steady in European trading, with volumes dampened by holidays in China and the U.S. Weak Japanese growth data also raised concerns about global demand. Brent crude for April delivery was little changed at $67.72 per barrel.
Warner Bros. revisits takeover discussions – report
Separately, media reports suggest fresh developments in the ongoing takeover saga involving Warner Bros. Discovery (NASDAQ:WBD).According to Bloomberg, Warner Bros. is considering reopening negotiations with Paramount Skydance (NASDAQ:PSKY) after David Ellison’s group enhanced its hostile bid. Board members are reportedly evaluating whether Paramount’s proposal may be more attractive than an alternative offer from Netflix Inc. (NASDAQ:NFLX).Last week, Paramount pledged to increase the cash component payable to Warner Bros. shareholders for each quarter a deal remains unresolved in 2026 and to cover any penalties tied to breaking Warner’s current agreement with Netflix. However, the base offer of $30 per share was left unchanged.
Gold retreats
Gold prices slipped in European trading as the U.S. dollar stabilized following recent inflation data. Precious metals have been volatile in recent weeks, remaining below late-January highs.Spot gold declined 0.9% to $4,998.69 per ounce, while April gold futures fell 0.6% to $5,018.69. Although both gold and silver gained last week on dip-buying and dollar softness, geopolitical tensions have continued to support safe-haven demand.
Bitcoin extends slide
Bitcoin (COIN:BTCUSD) also moved lower, marking a fourth consecutive week of steep losses across cryptocurrency markets.The world’s largest digital asset retreated after briefly touching $70,000 over the weekend, falling 3.1% to $68,624.6. Bitcoin has now erased roughly half its value since reaching a record high near $126,000 in October.Meanwhile, Strategy (NASDAQ:MSTR), the largest corporate holder of Bitcoin, stated it could manage its debt obligations even if Bitcoin dropped as low as $8,000. In a social media post, the company said it can “withstand a drawdown in $BTC price to $8K and still have sufficient assets to fully cover our debt.”Strategy currently holds 714,644 Bitcoin, financed through a combination of equity issuance and long-term debt.Walmart stock pricePalo Alto stock priceAnalog Devices stock priceBooking Holdings stock priceWarner Brothers Discovery stock priceParamount Skydance stock priceNetflix stock price
Original: Holiday week brings fresh data, earnings and renewed U.S.–Iran talks to the fore: Dow Jones, S&P, Nasdaq, Wall Street Futures
US Market News
4月前
Booking.com Named Official Travel Partner of the Route 66 Centennial, Spotlighting the Great American Road TripFebruary 11, 2026 9:18 AM
PR Newswire (US)
The global travel leader is making it easier to experience one of America's most iconic highways, with thousands of unique stays and unforgettable events along the Mother Road.NEW YORK, Feb. 11, 2026 /PRNewswire/ -- In a year when 79%* of travelers are craving spontaneous, flexible road trips, Booking.com is making it easier for travelers to hit the road. The global travel leader has been named the Official Travel Partner of the Route 66 Centennial, helping to spotlight one of America's most iconic highways as it approaches its 100th birthday in 2026. It comes at a moment when road trips give travelers what they want most: better value, the freedom to explore multiple destinations, and local experiences at their own pace.Booking.com's 2026 Travel Predictions highlight that 77% of travelers are drawn to road trips that allow them to meet new people. Route 66 delivers on that promise. Stretching 2,448 miles from Chicago to Santa Monica, the historic route winds through eight states and iconic towns including Tulsa, Amarillo, Albuquerque, and Flagstaff, each offering authentic opportunities for connection during the Great American Road Trip.Booking.com features over thousands of accommodation options along Route 66, from nostalgic motels to retro-inspired stays. With access to thousands of car rental options, flexible booking features, free cancellation on many properties, and the ability to plan an entire trip in one place, Booking.com makes it easy to build a custom trip from start to finish. The user-friendly app and wide selection of travel and attraction options help ensure that planning a road trip is just as enjoyable as taking one. "Celebrating 100 years of Route 66 is a once-in-a-lifetime moment that invites travelers to rediscover the spirit of the open road," said Ben Harrell, Managing Director, U.S., Booking.com. "We're proud to support the communities and small businesses that have made the Mother Road such an iconic part of American culture. With thousands of accommodations, rental cars, and unique experiences available along the route, Booking.com is helping travelers plan unforgettable road trips and explore the stories, landmarks, and people that make Route 66 so special."The Route 66 Centennial will feature numerous events and celebrations throughout the year, with Booking.com integrated across digital platforms and on-site at key moments. As the official travel partner, Booking.com ensures travelers have access to flexible bookings and transportation options to experience the route in any style.Where to Hit the Road in 2026
From car shows to foodie fests, the Route 66 Centennial is packed with iconic and unexpected events. Booking.com makes it easy to stay close to the action with many worth planning a trip around:Albuquerque, NM – April 18–19: Roads & Rails FestivalWhere train travel meets Route 66 energy. Book Hotel Albuquerque in the heart of Old Town for walkable access and authentic Southwestern charm.Springfield, MO – April 30–May 2: National Kick-Off EventThe official launch of the Centennial celebration will feature concerts, car culture, and historic walking tours. Book a boutique stay at Hotel Vandivort, a local favorite that fuses history and modern style.Amarillo, TX – June 4–13: Texas Route 66 FestivalThis multi-town, 10-day celebration brings food trucks, vintage car parades, and interactive art to life. Roadtrippers can rest up at The Big Texan Motel, a kitschy roadside gem with a big personality.Tulsa, OK – June 27–28: AAA Route 66 Road FestClassic cars, live music, and a retro revival in Tulsa's Art Deco downtown. Stay at The Mayo Hotel, a glamorous 1925 landmark with rooftop views and vintage flair.Springfield, IL – September 25–27: Mother Road Festival1,000+ classic cars, live music, and a huge downtown block party. Stay at the Inn at 835 Boutique Hotel, a vintage mansion just steps from the action.Santa Monica, CA – The Route's EndWrap your journey at the Pacific Coast with beachside sunsets, local eats, and surf-town vibes. Book a room at The Georgian Hotel, an iconic Art Deco property steps from the Santa Monica Pier.Whether joining a Centennial event or simply chasing the open road, Booking.com is here to help turn a once-in-a-century trip into reality. Visit Booking.com to start planning your Route 66 adventure and make the drive even more rewarding by using the Booking.com Genius Rewards Visa Signature® Card. You'll unlock instant Genius Level 3 status for discounts and room upgrades, plus earn substantial Travel Credits on every mile to help fund your next great American road trip.Methodology:
*Travel Predictions 2026 research commissioned by Booking.com and conducted among a sample of adults who plan to travel for business or leisure in the next 12-24 months. In total, 29,733 respondents across 33 countries and territories were polled (including 2,010 from the US). Respondents completed an online survey in July-August 2025.About Booking.com
Part of Booking Holdings Inc. (NASDAQ: BKNG), Booking.com's mission is to make it easier for everyone to experience the world. By investing in the technology that helps take the friction out of travel, Booking.com's marketplace seamlessly connects millions of travelers with memorable experiences every day. For more information, follow @bookingcom on social media or visit globalnews.booking.com.About the Route 66 Road Ahead Partnership:
Established in 2016 with the support of the National Park Service and the World Monuments Fund, the Route 66 Road Ahead Partnership's mission is to revitalize and sustain Route 66 as a national and international icon through partnerships focused on promotion, preservation, research, education, and economic development. Only In Your State is the official Publishing Partner to the Route 66 Centennial. Founding Sponsors of the Route 66 Centennial include the Illinois Route 66 Centennial Commission, American Express, AAA Route 66 Road Fest, Cruise America, Harley Davidson, Rand McNally Publishing, and Booking.com. For more information, visit route66centennial.org.
View original content:https://www.prnewswire.com/news-releases/bookingcom-named-official-travel-partner-of-the-route-66-centennial-spotlighting-the-great-american-road-trip-302685217.htmlSOURCE Booking.com
Original: Booking.com Named Official Travel Partner of the Route 66 Centennial, Spotlighting the Great American Road Trip
US Market News
4月前
KAYAK for Business Simplifies Corporate Travel Planning with New Events FeatureJanuary 28, 2026 6:00 PM
PR Newswire (US)
The most seamless way to bring teams — and guests — together, anywhereNORWALK, Conn., Jan. 28, 2026 /PRNewswire/ -- KAYAK for Business, the brand's corporate travel platform, today announced the launch of Events, a new way for companies to plan and manage event travel at scale. Designed to reduce the time and complexity that comes with planning and attending corporate events, the new feature brings travel directly into the event workflow, making it easier for attendees to book their travel correctly and compliantly, and for planners to track and organize it.
Events enables KAYAK for Business users to set clear travel policies and payment rules upfront, allow each attendee to book their own compliant travel through a single link, and then invite up to 10,000 attendees' eliminating policy confusion, missed bookings, and endless email back-and-forth. Companies can also import and link events from existing event management tools into KAYAK for Business, then manage invitations, bookings and attendee travel centrally.From small offsites to large-scale meetings, recruiting events, and more, the new feature simplifies travel planning for both employees and non-employee travelers, such as candidates, interns, new hires, and other guests."Coordinating travel logistics for business events can be a major productivity drain for organizers and attendees. We designed this feature to centralize event travel and information for attendees, leaders and admins so everyone can focus on what matters: the connections, impact and in-person learning that events deliver," says Eva Fouquet, SVP, KAYAK for Business.KAYAK for Business EventsEvent Setup & Management
Create events in minutes, configure travel policies including payment, set travel date windows, RSVP and booking deadlines, and invite attendees (including guests) in bulk. Choose between individual or unified event policies, so every booking is compliant. Events can be imported from or linked to existing event management tools, allowing companies to connect travel seamlessly to their broader event planning workflows without duplicating work.Attendee Management & Booking
Guests can be added to an event with a simple email address to quickly and efficiently book their own travel within policy and budget - no profile needed. Powered by KAYAK for Business's best-in-class content and direct API connections, attendees can book confidently while event managers gain a complete, real-time view of who has accepted, who has booked, and who is arriving when. Reminders, changes, and cancellations can all be managed directly within the platform.Analytics & Reporting
Real-time dashboards give event managers full visibility into invite status, RSVPs, booking compliance, and travel details. Export everything in a click for finance, HR, or compliance needs.KAYAK for Business, known for its consumer grade UI and enterprise level controls, helps companies book, manage, and track business travel. It has become the platform of choice for two of the top five firms on Business Travel News' 2025 Corporate Travel Top 100 list.KAYAK for Business Events is available to all existing Biz+ and Enterprise customers. Learn more and request a trial HERE.About KAYAK for Business
KAYAK for Business combines the power of a leading travel search engine with tools designed specifically for business travelers – serving companies of every size, from fast-growing startups to global enterprises. For more information visit https://www.kayak.com/business/.About KAYAK
KAYAK, part of Booking Holdings (NASDAQ: BKNG), is a leading travel search engine. With billions of queries across our platforms, we help people find their perfect flight, stay, rental car and vacation package. We also support business travelers with our corporate travel solution.
View original content to download multimedia:https://www.prnewswire.com/news-releases/kayak-for-business-simplifies-corporate-travel-planning-with-new-events-feature-302672982.htmlSOURCE KAYAK
Original: KAYAK for Business Simplifies Corporate Travel Planning with New Events Feature
US Market News
4月前
OpenTable reveals Valentine's Day Dining Trends 2026January 28, 2026 5:35 PM
PR Newswire (US)
New OpenTable consumer research reveals nearly half (49%) of Brits are planning to dine out on Valentine's Day 2026*49% of Brits believe Valentine's Day is becoming more about celebrating all relationships rather than just a romantic connection*OpenTable helps diners skip the search, as it launches its Top 100 Romantic Restaurants list for 2026**LONDON, Jan. 28, 2026 /PRNewswire/ -- OpenTable data shows dining on Valentine's Day in 2025 increased by 27% year-over-year (YoY).*** This year, nearly half of Brits (49%) say they plan to dine out on Valentine's Day - consumer research suggests that 7% more Brits will dine out this year for Valentine's Day compared to 2025.* However, securing the perfect table isn't always easy, as Brits are currently spending an average of two hours and 14 minutes searching for the right spot.* To help diners skip the search, OpenTable has released its annual Top 100 Romantic Restaurants for 2026, based on diners reviews and dining metrics.**The news trends shaping Valentine's Day dining in 2026: Price of romance: Nearly half of Brits (44%) are expecting to spend more at restaurants this Valentine's Day than they did last year.* This follows last year's trend, as OpenTable data revealed an 11% year-over-year increase in average spend per person on Valentine's Day across the UK in 2025, the highest spend increase compared to other key occasions.***Friendship love: 41% of Brits plan to celebrate Galentine's or Palentine's Day (13th February) this year and dining is at the heart of this trend, with over half (59%) planning to celebrate at a restaurant.* Romance redefined: Valentine's Day is also being embraced as a social occasion for some. 30% of Brits would consider a double date at a restaurant on Valentine's Day, while singles are just as open to dining out, with over half (51%) saying they would go to a restaurant for a first date on the special day.* Self love: Solo dining is also becoming more widely accepted, with 49% of Brits saying it's socially acceptable to dine alone on Valentine's Day, rising to 65% among Millennials and 64% among Gen Z."It's clear that UK diners are changing how they celebrate Valentine's Day, with 49% now seeing it as a day to celebrate all relationships, not just the romantic kind, making it more inclusive and social*" said Sasha Shaker, Senior Director at OpenTable in the UK and Ireland. "However, this still means that no matter who you're sharing the table with, you want to get the backdrop right. Our Top 100 Romantic Restaurants list for 2026 helps diners discover their perfect spot, whether it's an intimate table for two or group dining space."This year's Top 100 Romantic List highlights standout restaurants across the UK offering private dining rooms perfect for celebrating with loved ones this Valentine's Day, including Andrew Edmunds in London, Hawksmoor Liverpool and Opheem in Birmingham.Finding the perfect matchAccording to consumer research, food remains a key ingredient in relationship success, with half (50%) of the UK believing that 'culinary compatibility' with their partner is important (e.g. enjoying the same food or same style of dining out).* This sentiment is even stronger among younger generations, rising to 60% for Gen Z and 59% for Millennials.* When it comes to romantic dining, small behaviours can make a big impression. Consumer research shows the top red flags when dining out with a date are being rude to restaurant staff (81%), not having any table manners (78%) and showing up late (62%).* On the flip side, the top green flags include a date going out of their way to compliment the restaurant service (64%), offering to cover the whole bill (62%) and leaving a generous tip (61%), proving that how someone treats others at the table is just as important as what's on the menu.*For those looking to find the perfect food match this Valentine's Day, OpenTable's Top 100 Romantic Restaurants list for 2026** offers something to suit every taste and compatibility. From candlelit dinners to charming interiors, the newly released list highlights standout spots across the country based on diner reviews and dining metrics, including new entries Le Cafe du Marche in London, Little Capo in Edinburgh and Ember in Sunderland. The complete list of Top 100 Romantic Restaurants for 2026 can be viewed here and below in alphabetical order (per location). To discover more Valentine's Day trends, visit here. Bedfordshire Lussmanns WoburnBerkshireThe Loch & The Tyne by Adam HandlingBirmingham 24 StoriesOpheemBrighton Kindling RestaurantBristol Cappadocia RestaurantBuckinghamshireThe Greyhound BeaconsfieldCheshire The Chefs TableCornwall NarlaPorthminster Beach CaféThe Tartan Fox by Adam HandlingEdinburgh Kyloe Gourmet Steak RestaurantLittle CapoMamma Roma RistoranteEssex Smiths Restaurant OngarThe Eyna BasildonGlasgowArdnamurchanButchershopKELPThe Spanish Butcher - GlasgowHampshireThe Kara FleetHerefordshire EN Steak HerefordKent RocksaltSotirio's Bar and RestaurantTurkuazLincolnshire Ole Ole TapasLiverpool Hawksmoor LiverpoolLondon 14 Stories64 Goodge Street64 Old Compton StAfternoon Tea at The LanesboroughAndrew EdmundsBenaresBerners TavernBistro FreddieBoulevard BrasserieCecconi's at The Ned LondonClos MaggioreCloth RestaurantCORE by Clare SmythFAROS Oxford CircusFrederick'sFrog by Adam HandlingGalleryGONG, Shangri-La The Shard, LondonJOIA Restaurant & BarL'EscargotLe Cafe du Marche Le Garrick - Covent GardenLuciano by Gino D'Acampo LondonMadison RestaurantOgniskoPalm Court BrasseriePierre Victoire Quaglino'sSavoy Grill - Gordon RamsayScott's RichmondSkylon Swan LondonThe French TableThe Ledbury The Ninth The Port House London TING Restaurant and Lounge, Shangri-La The Shard, LondonTrinityManchester 20 StoriesAlbert's StandishBAR SAN JUANBlacklock ManchesterBrucoCibo ManchesterKITTENOnda Pasta BarThe Blues Kitchen - ManchesterNewcastle and Northumberland 21Blackfriars RestaurantEmberGino D'Acampo NewcastleJolly Fisherman at CrasterThe Courtyard PegswoodThe French QuarterVito's OsteriaNorfolk The Lodge at SalhouseThe White Horse - Brancaster StaitheNorth WalesBryn Williams at Porth EiriasOxford No1 Ship Street Quod Restaurant & BarSouth WalesButterflies Bar & KitchenThe Ivy Asia, CardiffSurrey Cambio MarciaWarwickshire Loxley's Restaurant & Wine BarThe Farmhouse RestaurantYorkshire Bavette - LeedsBettys HarrogateCasa Brazilian RodizioLucia - YorkThe Cut & Craft YorkThe Drovers Arms Restaurant & Country PubThe Star Inn The CityVivido Bar & RestaurantNOTES TO EDITORS*Consumer Research Methodology: An online survey was conducted by Ripple Research among 1,502 British consumers, with minimum quotas applied across major cities. Fieldwork was carried out between December 20, 2025, and January 2, 2026. All data was collected in accordance with MRS (Market Research Society) and ESOMAR guidelines, ensuring ethical standards and robust data quality. Brits who dined out last year and expect to dine out this year = Valentine's Day diners**The Top 100 Romantic Restaurants Methodology: OpenTable's Top 100 Romantic Restaurants in the UK for 2026 list is generated from over 600,000 reviews from verified OpenTable diners and dining metrics from December 1, 2024 to November 30, 2025. Restaurants with a minimum threshold of diner reviews were considered and evaluated by a compilation of unique data points, including diner ratings, the percentage of five star reviews, the number of alerts set, the percentage of reservations made in advance, percentage of capacity and direct searches. Metrics were weighted to comprise an overall score. The qualified restaurants were then ranked by the percentage of reviews with the tag "romantic." The resulting list appears A-Z, not in ranked order.***OpenTable data: OpenTable looked at the number of seated diners, including per average spend when noted, from online reservations for all active restaurants on the OpenTable platform in the UK on Valentine's Day (14th February) and other key occasions: Easter Sunday (20th April), Mother's Day (30th March), Father's Day (15th June) in 2025 and compared it to the same time period in 2024. About OpenTable:OpenTable, a global leader in restaurant tech and part of Booking Holdings, Inc. (NASDAQ: BKNG), helps more than 60,000 restaurants worldwide fill 1.9 billion seats a year. OpenTable's world-class technology empowers restaurants to focus on what matters most – their team, their guests, and their bottom line – while enabling diners to discover and book the perfect restaurant for every occasion.
View original content:https://www.prnewswire.co.uk/news-releases/opentable-reveals-valentines-day-dining-trends-2026-302672967.html
Original: OpenTable reveals Valentine's Day Dining Trends 2026
abrooklyn
3年前
https://s201.q4cdn.com/865305287/files/doc_financials/2023/q3/BKNG-Q3-2023-Earnings-Release.pdf
Booking Holdings Reports Financial Results for 3rd Quarter 2023
NORWALK, CT – November 2, 2023. . . Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its third quarter 2023 financial results:
•
• Room nights booked increased 15% from the prior-year quarter.
24% from
Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all
travel services booked by our customers, net of cancellations, were $39.8 billion, an increase of
21%
• Total revenues were $7.3 billion, an increase of 21% from the prior-year quarter (approximately an 18%
the prior-year quarter (approximately a
increase on a constant-currency basis).
increase on a constant-currency basis).
• Net income was $2.5 billion, an increase of 51% from the prior-year quarter.
• Net income per diluted common share was $69.80, an increase of 66% from the prior-year quarter.
• Non-GAAP net income was $2.6 billion, an increase of 24% from the prior-year quarter.
• Non-GAAP net income per diluted common share was $72.32, an increase of 36% from the prior-year quarter.
• Adjusted EBITDA was $3.3 billion, an increase of 24% from the prior-year quarter.
The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.
"We are pleased to report record quarterly room nights, gross bookings, revenue, and net income driven by a strong summer travel season," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We are encouraged by the resilience of leisure travel demand, and we remain focused on executing against our key strategic priorities, which helps position our business well for the long term."
1
Non-GAAP Financial Measures
The Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operating results.
To supplement the Unaudited Consolidated Financial Statements, the Company uses the following non-GAAP financial measures: adjusted EBITDA, non-GAAP net income (loss), non-GAAP net income (loss) per diluted common share and free cash flow (net cash provided by (used in) operating activities less capital expenditures). The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
The Company uses non-GAAP financial measures for financial and operational decision-making and as a basis to evaluate performance and set targets for employee compensation programs. The Company believes that these non- GAAP financial measures are useful for analysts and investors to evaluate the Company's ongoing operating performance because they facilitate comparison of the Company's results for the current period and projected next- period results to those of prior periods and to those of its competitors (though other companies may calculate similar non-GAAP financial measures differently from those calculated by the Company). These non-GAAP financial measures, in particular adjusted EBITDA, non-GAAP net income (loss) and free cash flow, are not intended to represent funds available for Booking Holdings' discretionary use and are not intended to represent or to be used as a substitute for operating income (loss), net income (loss) or net cash provided by (used in) operating activities as measured under GAAP. The items excluded from these non-GAAP measures, but included in the calculation of their closest GAAP equivalent, are significant components of the Company's consolidated statements of operations and cash flows and must be considered in performing a comprehensive assessment of overall financial performance.
Non-GAAP net income (loss) is net income (loss) with the following adjustments:
• excludes accruals related to settlements of certain indirect tax matters,
• excludes the termination fee related to an acquisition agreement,
• excludes significant losses on assets classified as held for sale,
• excludes significant gains and losses on sale and leaseback transactions,
• excludes gains and losses on equity securities with readily determinable fair values,
• excludes the impact, if any, of significant gains and losses on the sale of and impairment and credit losses
on investments in available-for-sale debt securities and significant gains and losses on the sale of and impairment and other valuation adjustments on investments in equity securities without readily determinable fair values,
• excludes foreign currency transaction gains and losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt- related foreign currency derivative instruments used as economic hedges,
• excludes amortization expense of intangible assets,
• excludes interest received on tax payments refunded pursuant to settlement with authorities,
• excludes the impact of net unrecognized tax benefits related to certain income tax matters, and
• the income tax impact of the non-GAAP adjustments mentioned above and changes in tax estimates, as
applicable.
In addition to the adjustments listed above regarding non-GAAP net income (loss), adjusted EBITDA excludes depreciation expense, interest expense, and to the extent not included in the adjustments listed above, interest and dividend income, and income tax expense (benefit). In the event the Company reports a GAAP net income but a non-GAAP net loss, dilutive shares that are included in the GAAP weighted-average number of diluted common shares outstanding are excluded from the non-GAAP weighted-average number of diluted common shares outstanding. In the event the Company reports a GAAP net loss but a non-GAAP net income, anti-dilutive shares that are excluded from the GAAP weighted-average number of diluted common shares outstanding are included in the non-GAAP weighted-average number of diluted common shares outstanding.
We evaluate certain operating and financial measures on both an as-reported and constant-currency basis. We calculate constant currency by converting our current-year period results for transactions recorded in currencies
2
other than U.S. Dollars using the corresponding prior-year period monthly average exchange rates rather than the current-year period monthly average exchange rates.
The attached financial and statistical supplement includes reconciliations of our financial results under GAAP to non-GAAP financial information for the three and nine months ended September 30, 2023 and 2022. We are not able to provide a reconciliation between forward-looking adjusted EBITDA and GAAP net income (loss) because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.
Information About Forward-Looking Statements
This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as: adverse changes in market conditions for travel services; the effects of competition; the Company's ability to manage growth and expand; the adverse impact of the COVID-19 pandemic; adverse changes in relationships with third parties on which the Company depends; success of the Company's marketing efforts; rapid technological and other market changes; the Company's ability to attract and retain qualified personnel; changes in the presentation of travel search results and the auctions for search placement; impacts of impairments and changes in accounting estimates; and other business and industry changes. Other risks and uncertainties relate to cyberattacks and information security; tax, legal, and regulatory risks; the Company's facilitation of payments; foreign currency exchange rates; financial risks relating to the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy. For a detailed discussion of these and other risk factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements included in this press release, refer to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequently filed Quarterly Reports on Form 10-Q. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
We will be posting our prepared remarks to the Booking Holdings investor relations website after the conclusion of the earnings call.
About Booking Holdings Inc.
Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through six primary consumer- facing brands: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on X (formerly known as Twitter) @BookingHoldings.
###
For Press Information: Leslie Cafferty communications@bookingholdings.com
For Investor Relations: John Longstreet ir@bookingholdings.com #BKNG_Earnings
3
Booking Holdings Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and per share data)
September 30, 2023
December 31, 2022
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 13,294 $ 12,221
Short-term investments (Available-for-sale debt securities:
Amortized cost of $632 and $176, respectively) 624 175
Accounts receivable, net (Allowance for expected credit losses of $116 and $117,
respectively) 3,447 2,229
Prepaid expenses, net 680 477
Other current assets 434 696
Total current assets 18,479 15,798
Property and equipment, net 733 669
Operating lease assets 643 645
Intangible assets, net 1,660 1,829
Goodwill 2,804 2,807
Long-term investments (Includes available-for-sale debt securities:
Amortized cost of $576 at December 31, 2022) 420 2,789
Other assets, net 896 824
Total assets $ 25,635 $ 25,361
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY
Current liabilities:
Accounts payable $ 3,020 $ 2,507
Accrued expenses and other current liabilities 4,182 3,244
Deferred merchant bookings 3,717 2,223
Short-term debt 1,913 500
Total current liabilities 12,832 8,474
Deferred income taxes 350 685
Operating lease liabilities 547 552
Long-term U.S. transition tax liability 515 711
Other long-term liabilities 160 172
Long-term debt 11,856 11,985
Total liabilities 26,260 22,579
Commitments and contingencies
Stockholders' (deficit) equity:
Common stock, $0.008 par value,
Authorized shares: 1,000,000,000
Issued shares: 64,032,162 and 63,780,528, respectively — —
Treasury stock: 28,843,826 and 25,917,558 shares, respectively (38,944) (30,983)
Additional paid-in capital 6,996 6,491
Retained earnings 31,608 27,541
Accumulated other comprehensive loss (285) (267)
Total stockholders' (deficit) equity (625) 2,782
Total liabilities and stockholders' (deficit) equity $ 25,635 $ 25,361
4
Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share data)
Three Months Ended September 30,
2023 2022
Nine Months Ended September 30,
2023 2022
Merchant revenues $ 3,945 $ 2,614 $ 8,467 $ 5,413
Agency revenues 3,135 3,203 7,346 6,954
Advertising and other revenues 261 235 768 674
Total revenues 7,341 6,052 16,581 13,041
Operating expenses:
Marketing expenses 2,022 1,795 5,340 4,679
Sales and other expenses 723 540 1,931 1,344
Personnel, including stock-based compensation of $128, $101,
$369, and $302, respectively 788 636 2,262 1,867
General and administrative 387 262 980 627
Information technology 187 129 468 400
Depreciation and amortization 129 109 370 327
Restructuring, disposal, and other exit activities 2 (2) 4 40
Total operating expenses 4,238 3,469 11,355 9,284
Operating income 3,103 2,583 5,226 3,757
Interest expense (254) (102) (689) (246)
Other income (expense), net 300 (305) 533 (1,040)
Income before income taxes 3,149 2,176 5,070 2,471
Income tax expense 638 510 1,003 648
Net income $ 2,511 $ 1,666 $ 4,067 $ 1,823
Net income applicable to common stockholders per basic common
share $ 70.62 $ 42.10 $ 111.09 $ 45.20
Weighted-average number of basic common shares outstanding (in
000's) 35,570 39,564 36,615 40,326
Net income applicable to common stockholders per diluted common
share $ 69.80 $ 41.98 $ 110.02 $ 45.00
Weighted-average number of diluted common shares outstanding (in
000's) 35,987 39,671 36,971 40,504
5
Booking Holdings Inc.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions)
Nine Months Ended September 30,
2023 2022
OPERATING ACTIVITIES:
Net income $ 4,067 $ 1,823
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 370 327
Provision for expected credit losses and chargebacks 224 179
Deferred income tax benefit (409) (246)
Net losses on equity securities 151 1,142
Stock-based compensation expense and other stock-based payments 369 302
Operating lease amortization 120 117
Unrealized foreign currency transaction gains related to Euro-denominated debt (2) (70)
Other 3 40
Changes in assets and liabilities:
Accounts receivable (1,506) (1,358)
Prepaid expenses and other current assets 96 (424)
Deferred merchant bookings and other current liabilities 2,644 3,591
Long-term assets and liabilities (129) (1,042)
Net cash provided by operating activities 5,998 4,381
INVESTING ACTIVITIES:
Purchase of investments (12) (751)
Proceeds from sale and maturity of investments 1,785 30
Additions to property and equipment (251) (293)
Other investing activities 3 (14)
Net cash provided by (used in) investing activities 1,525 (1,028)
FINANCING ACTIVITIES:
Proceeds from the issuance of long-term debt 1,893 —
Payment on maturity of debt (500) (1,102)
Payments for repurchase of common stock (7,889) (4,278)
Proceeds from exercise of stock options 122 7
Other financing activities (45) (3)
Net cash used in financing activities (6,419) (5,376)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and
cash equivalents (29) (83)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash
equivalents 1,075 (2,106)
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of
period 12,251 11,152
Total cash and cash equivalents and restricted cash and cash equivalents, end of period $ 13,326 $ 9,046
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes $ 1,573 $ 501
Cash paid during the period for interest $ 557 $ 240
6
Booking Holdings Inc.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (In millions, except share and per share data) (1)
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA
Three Months Ended September 30,
2023 2022
Nine Months Ended September 30,
2023 2022
Net income $ 2,511 $ 1,666 $ 4,067 $ 1,823
(a) Accrualsrelatedtosettlementsofindirecttaxmatters — — 62 —
(b) Terminationfeerelatedtoanacquisitionagreement 90 — 90 —
(c) Depreciation and amortization 129 109 370 327
(d) Lossonassetsclassifiedasheldforsale — — — 36
(c) Interest and dividend income (289) (61) (783) (88)
(c) Interest expense 254 102 689 246
(e) Net (gains) losses on equity securities (16) 336 151 1,142
(f) Foreign currency transaction gains on the remeasurement of
certain Euro-denominated debt and accrued interest and debt-
related foreign currency derivative instruments (36) (2) (2) (80)
(c) Income tax expense 638 510 1,003 648
Adjusted EBITDA $ 3,284 $ 2,658 $ 5,648 $ 4,054
Net income as a % of Total Revenues 34.2 % 27.5 % 24.5 % 14.0 %
Adjusted EBITDA as a % of Total Revenues 44.7 % 43.9 % 34.1 % 31.1 %
RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME APPLICABLE TO COMMON STOCKHOLDERS PER DILUTED COMMON SHARE
Three Months Ended September 30,
2023 2022
Nine Months Ended September 30,
2023 2022
Net income $ 2,511 $ 1,666 $ 4,067 $ 1,823
(a) Accrualsrelatedtosettlementsofindirecttaxmatters — — 62 —
(b) Terminationfeerelatedtoanacquisitionagreement 90 — 90 —
(d) Lossonassetsclassifiedasheldforsale — — — 36
(e) Net(gains)lossesonequitysecurities (16) 336 151 1,142
(f) Foreign currency transaction gains on the remeasurement of
certain Euro-denominated debt and accrued interest and debt-
related foreign currency derivative instruments (36) (2) (2) (80)
(g) Amortizationofintangibleassets 55 55 166 167
(h) Interestreceivedonrefundedtaxpayments — — (31) —
(i) Net unrecognized tax benefits related to French income tax
matters — 125 — 125
(j) Tax impact of Non-GAAP adjustments (4) (76) (71) (173)
Non-GAAP Net income $ 2,602 $ 2,104 $ 4,433 $ 3,041
GAAP and Non-GAAP weighted-average number of diluted
common shares outstanding (in 000's) 35,987 39,671 36,971 40,504
Net income applicable to common stockholders per diluted
common share $ 69.80 $ 41.98 $ 110.02 $ 45.00
Non-GAAP Net income applicable to common stockholders per
diluted common share $ 72.32 $ 53.03 $ 119.92 $ 75.07
7
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES Nine Months Ended TO FREE CASH FLOW September 30,
2023 2022
(1) Amounts may not total due to rounding.
Notes:
(a) Accruals related to settlements of certain indirect tax matters are recorded in General and administrative expenses and
excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(b) Termination fee related to the acquisition agreement for the Etraveli Group is recorded in General and administrative expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(c) Amounts are excluded from Net income to calculate Adjusted EBITDA.
(d) Loss on assets classified as held for sale is recorded in Restructuring, disposal, and other exit activities and excluded
from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(e) Net (gains) losses on equity securities with readily determinable fair values and impairments of investments in equity securities are recorded in Other income (expense), net and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA.
(f) Foreign currency transaction gains on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges are recorded in Other income (expense), net and excluded from Net income to calculate Non- GAAP Net income and Adjusted EBITDA.
(g) Amortization of intangible assets is recorded in Depreciation and amortization expenses and excluded from Net income to calculate Non-GAAP Net income.
(h) Interest received on tax payments refunded pursuant to settlement with authorities is recorded in Other income (expense), net and Income tax expense, as applicable, and excluded from Net income to calculate Non-GAAP Net income.
(i) Net unrecognized tax benefits related to French income tax matters is recorded in Income tax expense and excluded from Net income to calculate Non-GAAP Net income.
(j) Reflects the tax impact of Non-GAAP adjustments above and changes in tax estimates which are excluded from Net income to calculate Non-GAAP Net income.
(k) Cash used for additions to property and equipment is included in the calculation of Free cash flow.
For a more detailed discussion of the adjustments described above, please see the section in this press release under the heading "Non-GAAP Financial Measures" which provides definitions and information about the use of non-GAAP
abrooklyn
3年前
https://s201.q4cdn.com/865305287/files/doc_financials/2023/q2/BKNG-Q2-2023-Earnings-Release.pdf
Booking Holdings Reports Financial Results for 2nd Quarter 2023
NORWALK, CT – August 3, 2023. . . Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its second quarter 2023 financial results:
•
• Room nights booked increased 9% from the prior-year quarter.
• Total revenues were $5.5 billion, an increase of 27% from the prior-year quarter.
• Net income was $1.3 billion, an increase of 51% from the prior-year quarter.
15% from
Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all
travel services booked by our customers, net of cancellations, were $39.7 billion, an increase of
the prior-year quarter.
• Net income per diluted common share was $34.89, an increase of 66% from the prior-year quarter.
• Non-GAAP net income was $1.4 billion, an increase of 79% from the prior-year quarter.
• Non-GAAP net income per diluted common share was $37.62, an increase of 97% from the prior-year quarter.
• Adjusted EBITDA was $1.8 billion, an increase of 64% from the prior-year quarter.
The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.
"In the second quarter, we continued to see robust leisure travel demand, which helped drive stronger than expected room nights and gross bookings results in the quarter," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We have seen these strong trends continue into July, and we are currently preparing for what we expect to be a record summer travel season in the third quarter. We are particularly excited about our recently announced generative AI-enabled travel assistants at both Priceline and Booking.com, and look forward to learning which elements customers value the most."
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Non-GAAP Financial Measures
The Unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operating results.
To supplement the Unaudited Consolidated Financial Statements, the Company uses the following non-GAAP financial measures: adjusted EBITDA, non-GAAP net income (loss), non-GAAP net income (loss) per diluted common share and free cash flow (net cash provided by (used in) operating activities less capital expenditures). The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
The Company uses non-GAAP financial measures for financial and operational decision-making and as a basis to evaluate performance and set targets for employee compensation programs. The Company believes that these non- GAAP financial measures are useful for analysts and investors to evaluate the Company's ongoing operating performance because they facilitate comparison of the Company's results for the current period and projected next- period results to those of prior periods and to those of its competitors (though other companies may calculate similar non-GAAP financial measures differently from those calculated by the Company). These non-GAAP financial measures, in particular adjusted EBITDA, non-GAAP net income (loss) and free cash flow, are not intended to represent funds available for Booking Holdings' discretionary use and are not intended to represent or to be used as a substitute for operating income (loss), net income (loss) or net cash provided by (used in) operating activities as measured under GAAP. The items excluded from these non-GAAP measures, but included in the calculation of their closest GAAP equivalent, are significant components of the Company's consolidated statements of operations and cash flows and must be considered in performing a comprehensive assessment of overall financial performance.
Non-GAAP net income (loss) is net income (loss) with the following adjustments:
• excludes accruals related to settlements of certain indirect tax matters,
• excludes significant losses on assets classified as held for sale,
• excludes significant gains and losses on sale and leaseback transactions,
• excludes gains and losses on equity securities with readily determinable fair values,
• excludes the impact, if any, of significant gains and losses on the sale of and impairment and credit losses
on investments in available-for-sale debt securities and significant gains and losses on the sale of and impairment and valuation adjustments on investments in equity securities without readily determinable fair values,
• excludes foreign currency transaction gains and losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt- related foreign currency derivative instruments used as economic hedges,
• excludes amortization expense of intangible assets,
• excludes interest received on tax payments refunded pursuant to settlement with authorities,
• excludes the impact of net unrecognized tax benefits related to certain income tax matters, and
• the income tax impact of the non-GAAP adjustments mentioned above and changes in tax estimates, as
applicable.
In addition to the adjustments listed above regarding non-GAAP net income (loss), adjusted EBITDA excludes depreciation expense, interest expense, and to the extent not included in the adjustments listed above, interest and dividend income, and income tax expense (benefit). In the event the Company reports a GAAP net income but a non-GAAP net loss, dilutive shares that are included in the GAAP weighted-average number of diluted common shares outstanding are excluded from the non-GAAP weighted-average number of diluted common shares outstanding. In the event the Company reports a GAAP net loss but a non-GAAP net income, anti-dilutive shares that are excluded from the GAAP weighted-average number of diluted common shares outstanding are included in the non-GAAP weighted-average number of diluted common shares outstanding.
We evaluate certain operating and financial measures on both an as-reported and constant-currency basis. We calculate constant currency by converting our current-year period results for transactions recorded in currencies other than U.S. Dollars using the corresponding prior-year period monthly average exchange rates rather than the current-year period monthly average exchange rates.
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The attached financial and statistical supplement includes reconciliations of our financial results under GAAP to non-GAAP financial information for the three and six months ended June 30, 2023 and 2022. We are not able to provide a reconciliation between forward-looking adjusted EBITDA and GAAP net income (loss) because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.
Information About Forward-Looking Statements
This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as: adverse changes in market conditions for travel services; the effects of competition; the Company's ability to manage growth and expand; the adverse impact of the COVID-19 pandemic; adverse changes in relationships with third parties on which the Company depends; success of the Company's marketing efforts; rapid technological and other market changes; the Company's ability to attract and retain qualified personnel; changes in the presentation of travel search results and the auctions for search placement; impacts of impairments and changes in accounting estimates; and other business and industry changes. Other risks and uncertainties relate to cyberattacks and information security; tax, legal, and regulatory risks; the Company's facilitation of payments; foreign currency exchange rates; financial risks relating to the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy. For a detailed discussion of these and other risk factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements included in this press release, refer to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequently filed Quarterly Reports on Form 10-Q. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
We will be posting our prepared remarks to the Booking Holdings investor relations website after the conclusion of the earnings call.
About Booking Holdings Inc.
Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through six primary consumer- facing brands: Booking.com, Priceline, Agoda, Rentalcars.com, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on Twitter @BookingHoldings.
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For Press Information: Leslie Cafferty communications@bookingholdings.com
For Investor Relations: John Longstreet ir@bookingholdings.com #BKNG_Earnings