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Booking Holdings Inc., the parent company of travel brands like Kayak and Priceline, reported stronger-than-expected results for the fourth quarter, following a busy holiday season.
The company announced a 13% increase in room nights booked, reaching 261 million. This growth exceeded both Wall Street’s estimates and the company’s own forecast, which predicted a 6% to 8% increase. Gross travel bookings, which include taxes and fees, totaled $37.2 billion, surpassing the expected $34.5 billion. Adjusted earnings per share came in at $41.55, also beating expectations.
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