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).
U.S. tariffs on steel and aluminum “will not go unanswered,” European Union chief Ursula von der Leyen vowed on Tuesday, adding that they will trigger toug
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Jeff Benedict, author of 'The Dynasty,' weighs in on the Kansas City Chiefs being the next big dynasty, who he thinks will win Super Bowl LIX and more. Watch!