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).
Artificial intelligence is the biggest buzzword at the World Economic Forum’s annual meeting in Davos. Advances in generative AI stunned the world last year, and the elite crowd is angling to take advantage of its promise and minimize its risks.
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In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
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A New York architect charged in a string of slayings known as the Gilgo Beach killings was accused in a 25-year-old Connecticut woman's death.
Uber purchased Drizly in a cash-and-stock deal for $1.1 billion in 2021. The drink delivery app will shut down in March, according to Uber.
