Booking Holdings (BKNG) is having a great quarter, regardless of what some Wall Street analysts foresee, its CEO Glenn Fogel said.
The parent company of travel brands like Booking.com, Kayak, and Priceline delivered better-than-expected earnings across the board last quarter, but some of its projected numbers for the current period trailed consensus. It forecasts gross booking gains of 5%-7%, compared with the 7.3% observers expect, Bloomberg reported.
Fogel told Quartz that some analysts may not give enough weight to annual variation when setting expectations. For example, 2024 was a leap year, which added 1% to the length of that quarter, and Easter — a big deal for travel in Europe — falls in the second quarter of 2025.
“Ramadan also moves every year, and there are fewer regular events, like the World Cup every four years,” Fogel said. “We think about these things all the time. There’s healthy demand for…
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