FILE PHOTO: Booking.com app is seen on a smartphone in this illustration taken February 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Online travel agency Booking Holdings beat analysts’ expectations for third-quarter profit and revenue on Wednesday, as resilient demand for international travel offset the weakness in domestic travel in the U.S. and China.
Shares of the company rose 4.3% after the bell.
International travel demand in Europe and many Asian countries has remained steady, making up for the domestic travel slump in the U.S. and China as consumer spending falls amid macroeconomic difficulties.
“We are pleased to report third-quarter room night growth of 8%, which…
