Macroeconomic headwinds did little to slow the airspeed of Booking.com and its portfolio of brands as the largest online travel agency (OTA) saw a return to 2019 levels in flights and room nights and the company doubled down on its payments platform and “connected trip” concept.
On its third quarter 2022 earnings call Wednesday (Nov. 2), Booking Holdings President and CEO Glenn Fogel and CFO David Goulden reported the company’s strongest Q3 ever with Q3 revenue of $6.1 billion, up 20% from a year ago.
Its U.S. business showed strength, with Fogel noting that both Priceline and Booking.com “contributed to room night growth up almost 30% in the third quarter versus the third quarter of 2019.” The Q3 performance was driven in large part by unique active customers coming in above Q3 2019 levels, with “strong growth in reactivated customers who had not made a booking in over a year, as well as growth in repeat customers.”
Fogel called out the Booking.com payments…
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