- Booking Holdings reports a 40% YoY growth in Q3 connected trip transactions and a total revenue of $8 billion.
- CEO Glenn Fogel highlights the role of AI in their strategy and the growth of alternative accommodations and other travel verticals.
Booking Holdings announced a 40% year-on-year increase in connected trip transactions in Q3, representing a significant segment of Booking.com’s total transactions. The company’s CEO, Glenn Fogel, emphasized the role of artificial intelligence in driving this growth and enhancing the customer experience. Booking Holdings’ Q3 revenue reached $8 billion, a 9% increase YoY, and adjusted EBITDA was $3.7 billion, up 12% from Q3 2023.
The company focuses on expanding its alternative accommodations vertical, which contributed 35% of…