Booking Holdings provides online travel and travel-related services to customers and local partners in more than 220 countries. It is among the world’s leading OTAs or online travel agencies. Some of the most popular brands of Booking Holdings are Priceline, Agoda, and Kayak. The stock for Booking Holdings trades on the Nasdaq exchange under the symbol BKNG. With the whole re-opening theme poised to play out in the future, investors are betting on the travel industry to bounce back in a big way. If you are one of them and are looking for a travel stock to buy now, then companies like Booking Holdings are the ones to consider. They are the leaders in their segments, and they benefit from scale and other competitive advantages.
Booking Reports Q12021 Results
On 5th May 2021, Booking Holdings reported its first-quarter 2021 earnings results. Revenues were down from $2.2 billion in Q12020 to $1.1 billion. However, net loss was substantially lower at $55 million as opposed to a net loss of $699 in Q12020. Net loss per share came in at $1.34 as opposed to $17.01 in Q12020. On a sequential basis, the numbers were positive in Q12021 as compared to Q42020. Room nights, rental car days, airline tickets, and gross bookings were all up sequentially. The company’s management said that the positive sequential trend was due to an increasing willingness among people in certain countries to start traveling again. Given the diverse sub-segments that Booking Holdings is present in, it is among the top choices for investors looking to buy travel stock.
Travel Stock To Buy Now
Booking Holdings closed at $2170.94 on 2nd August 2021. The 52-week high at the time was $2516 while the 52-week low was $1589. The stock has experienced strong growth of over 300% over the past decade.