Booking Holdings Sees Resilient Demand, Attraction Tickets Grow Double-Digit
Booking Holdings' CFO reported double-digit growth in attraction tickets and a 4% rise in flight tickets year-over-year, despite Middle East pressures, and expressed confidence in summer booking trends.
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Booking Holdings' CFO shared during a conference call that attraction tickets grew at a double-digit pace year-over-year, while flight tickets rose by 4%, even amid ongoing Middle East headwinds. The executive noted that indirect effects on airline capacity and flight prices are likely to persist through the end of Q3.
Despite these pressures, the company is encouraged by demand resiliency, highlighting a healthy pickup in summer bookings. The commentary points to sustained consumer appetite for travel services.
Source: First Squawk