Titled ‘From Dubai to Emirati Women’, guide lists various outlets that are extending exclusive discounts and offers for women on 28 August
25.08.2023 - 14:00 / skift.com / Rob Francis
Booking Holdings is one of the largest travel brands in the world, with business in hotels and other, accommodations, flights, holiday price comparison, car rental, travel extras, and restaurant bookings.
With a market cap of $91 billion in mid-March, Booking Holdings is one of the world’s leading online travel providers, generating a staggering $17.1 billion in revenue last year, as well as $3 billion in net income. The group’s gross travel bookings came in at $121.3 billion.
Originally founded as Priceline Inc. in 1998, a steady stream of canny acquisitions, constant expansion within the travel sector, and regular investment in technology has seen the group cement itself at the top of the travel tree.
Glenn D. Fogel, who took over as CEO in 2017, leads the company. He’s also CEO of the group’s flagship brand, Booking.com. During his tenure, Fogel has overseen a period of steady growth and steered the company to an impressive recovery after the Covid-19 pandemic.
Active across 220 countries and territories, we take a look at the six major brands that make up the Booking Holdings empire.
Booking.com
Booking.com Take: “Booking.com seamlessly connects millions of travellers with memorable experiences, a range of transport options and incredible places to stay — from homes to hotels and much more.”
Skift Take: Available in 43 languages with more than 28 million total reported accommodation listings, Booking.com is based in Amsterdam and is the jewel in the Booking Holdings crown. While its accommodation offering is rock solid, Booking.com’s big goal is to offer users more options within the app. Airline ticket bookings continues to be a major area of interest, with more tech investment expected this year. On the topic of technology, Chief Technology Officer Rob Francis recently said that the brand was looking into the use of generative AI, without giving too much detail away — watch this space.
Priceline
Priceline Take: “Priceline provides travelers smart and easy ways to save on hotel rooms, airline tickets, rental cars, vacation packages and cruises.”
Skift Take: Fresh off the launch of its new ad campaign during the Super Bowl pre-game, Connecticut-based Priceline looks set for a big year on the marketing front. The “Get Your Happy Price” campaign stars Kaley Cuoco and is likely to push the brand further into the mainstream. On the business side of things, the brand looks set to continue its push into fresh territory, following other big travel brands into the experiences market.
Agoda
Agoda Take: “Agoda offers a global network of over 2.5 million properties in more than 200 countries and territories worldwide, offering travellers easy access to a wide choice of luxury and budget hotels,
Titled ‘From Dubai to Emirati Women’, guide lists various outlets that are extending exclusive discounts and offers for women on 28 August
When you think of what type of hotel brings in the most cash, you're likely thinking of something extremely posh — and brutal on your wallet — like St. Regis or Aman.
The State of Texas filed a lawsuit against Booking Holdings, alleging that it violates state law by marketing hotel rates in a deceptive manner because it doesn’t include a variety of fees when it initially displays room prices.
Good morning from Skift. It’s Thursday, November 3. Here’s what you need to know about the business of travel today.
The Portrait Milano debuts December 1 in the heart of Milan’s fashion district. The location makes sense, given that the 73-room property belongs to the Lungarno Collection — a group of Italian boutique hotels founded by the family of Italian loafer king, Salvatore Ferragamo.
Airbnb executives have talked a lot about how they have reduced their spending on performance marketing (think: buying ads in Google search results) to focus on brand marketing (think: subway posters advertising the company’s new “OMG” category of properties). So how much do they spend on brand and how much on performance?
At various junctures during the pandemic, Booking Holdings faced difficulties because of the weakness of the euro and China’s shuttered borders but now stands to make strides because of favorable foreign exchange trends and China’s travel reopening.
Booking Holdings has an answer to critics, who over the last few years mused that its best days were behind it, and that online travel agencies generally would be hard-pressed to rekindle the growth of yesteryear.
In a departure from the typical rose-tinted travel campaign, luxury rental booking platform Plum Guide sent individuals dressed as grim reapers around London this month with the stark message “The End Is Nigh” around their cloaks.
When guests drive up to Marina Riviera, a boutique hotel in Big Bear, California that opened in the autumn of 2022, they won’t see a big sign for Casetta, the parent company that founded the hotel portfolio in 2019. Nor will they see its Casetta floral logo splashed on every corner of the lobby (look closely on the bath products and robes, though, and you’ll find it).
Booking Holdings officials have spoken for years about their aim to take market share in rival Expedia Group’s stronghold, namely the U.S., and Booking appears to be delivering on that goal.
What percentage of tech employees at Booking Holdings are women? How has the company’s total return compared over the last five years to its internet peers? Booking detailed information about these issues and others in a half dozen charts in its recent annual financial disclosure.