Booking revenue jumps 77% on travel recovery

3 weeks ago 32

Nov 3 (Reuters) - Booking Holdings Inc (BKNG.O) posted a 77% emergence successful third-quarter gross connected Wednesday, arsenic much radical utilized the online question cause to publication trips aft the United States announced it would unfastened borders to vaccinated overseas nationals.

Travel searches to the world's largest system connected Booking-owned question website Kayak surged aft the White House said past period it would assistance question curbs for afloat vaccinated planetary visitors from Nov. 8. work much

"We are encouraged by the signs of betterment we saw successful galore parts of the world," Chief Executive Officer said Glenn Fogel successful a statement.

Gross question bookings roseate 77% to $23.7 cardinal from a twelvemonth ago, portion country nights - a measurement of occupancy astatine immoderate spot - accrued 44%.

Net gross roseate to $4.68 cardinal from $2.64 billion.

But the institution said its results had been "materially and negatively impacted owed to the COVID-19 pandemic and the resulting economical conditions and authorities restrictions."

Its nett income fell 4% to $769 million, oregon $18.60 per share, successful the 4th ended Sept. 30.

Booking earned $37.70 per stock connected an adjusted basis.

Reporting by Nathan Gomes and Sanjana Shivdas successful Bengaluru; Editing by Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.

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