Booking Holdings focuses on transformation – Aviation.Direct

Booking Holdings, the global online travel giant, has unveiled ambitious restructuring and efficiency plans that promise savings of up to $450 million annually. A significant portion of these savings will be achieved by cutting jobs at Booking.com and modernizing processes, systems and real estate. But the changes are not just about cutting costs, they are also about a forward-looking transformation that will grow revenue faster than fixed costs.

Booking Holdings plans to achieve around a third of the savings through job cuts. This step was announced at the beginning of November and will primarily affect Booking.com employees. In addition, processes and systems are to be modernized and the use of real estate optimized. CFO Ewout Steenbergen emphasized that the measures are intended to help reduce organizational complexity and streamline decision-making processes in the long term.

Steenbergen explained that in recent years a number of new initiatives, including flights,…