Reported 8 months ago
Shares of Booking Holdings Inc. hit record highs after the company raised its gross bookings forecast and reported third-quarter room nights that surpassed expectations. The travel giant saw an 8% increase in room nights booked, totaling 299 million, and gross bookings of $43.4 billion, which exceeded analysts' projections. Despite prior concerns about a potential slowdown in consumer demand, the results indicated resilience in travel spending, particularly in Europe and Asia, prompting the company to revise its full-year outlook upward.
Source: YAHOO