Skift Take
The biggest company in travel thinks it has the building blocks for steady — if not dramatic — growth for years to come.
After finishing up a strong third quarter, Booking Holdings upped its outlook for the full year, pointing to strength in room nights, alternative accommodations, flights, AI, Europe and Asia.
Its share price was up more than 6% in after-hours trading Wednesday evening.
The company's alternative accommodations' room nights outpaced Booking's core hotel business – 14% growth for these short-term rentals versus an 8% jump for hotels and short-term rentals combined. Short-term rentals made up 35% of accommodations bookings in the third quarter, up 2 percentage points year-over-year.
During the company's earnings call, CEO Glenn Fogel