Booking Holdings' CEO on How His Company Competes With Airbnb
You may remember it as Priceline.com and have a fondness for its 14 years of TV commercials featuring William Shatner.
But the company has morphed into Booking Holdings and just reported a surprising jump in travel bookings that pushed its stock up nearly 6.8 percent on Wednesday.
That increase was the biggest jump in shares of the company in over a year. And despite continued competition from the likes of Airbnb and hotel chain websites, CEO Glenn Fogel isn't worried.
“Travel is strong. And we’re offering a great selection, great prices, great service. So when you combine those two things together, that’s what’s driving the growth,” Fogel told Cheddar.
He said Booking.com’s variety of accommodation options all on one platform and its 24/7 customer service give it the edge over competitors.
Booking Holdings earnings, which came out on Tuesday, showed the company had a strong Q4 with $2.8 million in revenue, a 19 percent increase from the year before.
For the full interview, [click here](https://cheddar.com/videos/booking-holdings-on-improving-travel).
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
