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Thursday, February 2, 2023

The stock of Booking Holdings Inc. (BKNG) is rising in the Current Market; here is why?

Booking Holdings Inc. (NASDAQ BKNG) stock is gaining in the current market after announcing a new spike in bookings. BKNG stock is trading at $2,246.19, gaining more than 0.3% from the previous close. BKGN stock previously closed at $2,239.32 with a trading volume of 365.04K shares.

Global Online Travel Solution Market Overview

Due to digitization, all industries have seen significant growth. The same has happened with the tourism Industry. The online tourism solutions providing companies have emerged and eased the life of consumers. Even tourism has increased, and online solutions are one factor.

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In 2020, a pandemic hit the tourism industry with a massive blow due to the covid-19. Everyone was restricted to their homes. Among many sectors, this one was also got affected.

According to estimates, the value of the online travel solutions market size in 2020 was around $354.2 billion in 2020. By 2031, the industry experts expect the market to reach $1.8 trillion with a compound annual growth rate of 14.8%.

BKNG: Recent Updates

Reservations for Mother’s Day in 2022 are up 39% over pre-pandemic 2019 levels and 13% from 2021 levels, according to a press release from Booking Holdings Inc. (NASDAQ: BKNG) on April 20, 2022. According to a new study, more than one in four Americans expect to “go big” for their mom or a parent-like figure on Mother’s Day this year.

Agoda announced Omri Morgenshtern as the new CEO on April 18, 2022. He will take up his new position on July 1, 2022.

Since July 2018, Omri Morgenshtern has been Agoda’s Chief Operating Officer, working closely with the company’s current CEO, John Brown. John Brown is the Chair of Agoda after ten years with the company, and the last five he spent as CEO.

BKNG: Upcoming Events

BKNG announced on April 5, 2022, that they would release their results for the first quarter of 2022 on Wednesday, May 4, 2022. The results will be announced when the market closes on May 4, 2022. Its management will host a conference call to discuss the corporate updates with investors. The company will Financial results at 4:00 p.m. EST/ 1:00 p.m. PST. The timings of the conference call are 4:30 p.m. EST/ 1:30 p.m. PST.

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