Spain's competition authority, the CNMC, has found that online travel agency Booking.com abused a dominant market position over the past five years. It fined the company €413.24 million (or around $447 million at current exchange rates) on Tuesday. Booking.com held a share of between 70% and 90% of the market in Spain for provision of online booking intermediation services to hotels by online travel agencies over the period in question. The authority concluded that Booking imposed an unfair price clause on ...

Booking Holdings Inc. (BKNG) is scheduled to report its second-quarter 2024 results on Aug 1. For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $5.78 billion, suggesting growth of 5.8% from the year-ago quarter's reported figure. The consensus mark for earnings is pegged at $39.22 per share, indicating a rise of 4.3% from the year-ago quarter's reported number. The consensus mark has remained unchanged in the past 30 days. The company's earnings beat estimates in all the trailin ...

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective. The collective assessmen ...

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This online booking service is expected to post quarterly earnings of $39.22 per share in its upcoming report, which represents a year-over-year change of +4.3%. The consensus EPS estimate for the quarter has been revised 0.02% lower over the last 30 ...

Intensifying Competition In this regard, Booking Holdings' subsidiary, Priceline, partnered with Cover Genius to enhance travelers' flights, hotels, rental cars and package booking experiences by providing them with customer-centric travel protection. Booking Holdings is expected to gain solid popularity among U.S. travelers on the back of this latest partnership. Per a Statista report, the global travel and tourism market is expected to hit $927.3 billion in 2024 and reach $1.06 trillion by 2028, indicatin ...

Meanwhile, the demand for airplane tickets among Americans has been setting new records in recent weeks, and the gaming wins of Last Vegas Strip casinos surged 3.7% in May versus the same period a year earlier to $742.5 million. With inflation slowing radically but unemployment remaining relatively low on a historical basis, the top-and-bottom line growth of many U.S. entertainment firms is likely to remain quite strong going forward. Here are three must-buy entertainment stocks for investors who want to ex ...

Booking Holdings (BKNG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this online booking service have returned +0.4%, compared to the Zacks S&P 500 composite's +2.1% change. During this period, the Zacks Internet - Commerce industry, which Booking Holdings falls in, has gained 2.6%. The key question now is: What could be the stock ...

The collection provides Visa cardholders with exclusive access to restaurant reservations and events at numerous local restaurants in the United States, Canada and Mexico. Moreover, it will enable BKNG to capitalize on the solid growth opportunity present in the restaurant reservations software market, which, per a Market Research Intellect report, is expected to hit $24.5 billion by 2031, witnessing a CAGR of 10.13% between 2024 and 2031. TripAdvisor is gaining solid momentum across its restaurant booking ...

Now, KAYAK for Business Enterprise customers will have the flexibility to manage their corporate travel bookings from anywhere - whether on a select airline's website or app, via the KAYAK for Business platform, or with the assistance of a KAYAK agent. The shift toward modern merchandising benefits suppliers by creating new revenue opportunities, while helping companies save on servicing costs and streamlining expense reconciliation. The upgraded solution is reshaping how expenses are managed and business t ...

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- Priceline, the iconic innovator of online travel, and Cover Genius, the insurtech for embedded protection, have announced a new North American partnership to introduce enhanced travel protection for flights, hotels, rental cars and packages booked with Priceline. "We're excited to collaborate with Priceline to bring our customer-centric protection to their travelers," said Angus McDonald, CEO and Co-founder of Cover Genius. "We avoid 'off-the-shelf' offerings and ...