Aug 4 (Reuters) – Online travel agency Booking Holdings Inc (BKNG.O) said on Wednesday its quarterly revenue more than tripled and trounced estimates, driven by strong demand in Europe and the United States as more people planned their long-delayed getaways.
Booking revenue triples on travel demand boost from U.S., Europe | Reuters
Shares of the company, down 6% for the year, rose nearly 4% in aftermarket trading on a smaller adjusted quarterly loss, helped by vaccine rollouts and easing travel restrictions.
The travel industry has been witnessing a quicker-than-expected return in demand, with economies rebounding from a pandemic-led slowdown.
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