Booking Holdings Inc. (BKNG.O) :

BOOKING HOLDINGS CEO: MIDDLE EAST CONFLICT AND RELATED MACROECONOMIC DEVELOPMENTS CONTINUE TO AFFECT TRAVEL DEMAND - CONF CALL
BOOKING HOLDINGS CEO: LONG-HAUL INTERNATIONAL TRAVEL REMAINED PRESSURED BY ELEVATED AIRLINE PRICES AND REDUCED CAPACITY DUE TO THE CONFLICT IN THE MIDDLE EAST
BOOKING HOLDINGS CEO: DOMESTIC AND INTRAREGIONAL TRAVEL REMAINED RELATIVELY HEALTHY
BOOKING HOLDINGS CEO: US ROOM NIGHTS GREW IN THE HIGH SINGLE DIGITS, SUPPORTED BY HEALTHY DOMESTIC DEMAND
BOOKING HOLDINGS CEO: SAW CONTINUED GROWTH IN OUR DIRECT CHANNEL AND INCREASING ENGAGEMENT ACROSS MULTIPLE TRAVEL VERTICALS
BOOKING HOLDINGS CEO: BELIEVE ASIA REPRESENTS ONE OF THE MOST ATTRACTIVE LONG-TERM OPPORTUNITIES IN GLOBAL TRAVEL
BOOKING HOLDINGS CEO: AI DRIVEN REFERRALS REMAINS A RELATIVELY SMALL CONTRIBUTOR TO OUR OVERALL BUSINESS TODAY
BOOKING HOLDINGS CEO: WE’RE EMBEDDING AI ACROSS OUR OWN PLATFORMS TO MAKE EVERY STAGE OF THE TRAVEL JOURNEY MORE PERSONALIZED, SEAMLESS, AND INTUITIVE
BOOKING HOLDINGS CEO: DURING THE QUARTER CONTINUED ADVANCING AI CAPABILITIES ACROSS OUR PORTFOLIO
BOOKING HOLDINGS CEO: BEGAN ROLL OUT TESTING OF BOOKING.COM’S NEW AI-POWERED DISCOVERY EXPERIENCE, WHICH HELPS TRAVELERS IN THE EARLY INSPIRATION PHASE OF PLANNING A TRIP
BOOKING HOLDINGS CEO: OUR AI INITIATIVES ARE REDUCING CUSTOMER FRICTION, LOWERING CONTACT RATES, AND IMPROVING OPERATIONAL EFFICIENCY
BOOKING HOLDINGS CEO: CUSTOMER SERVICE COST PER BOOKING CONTINUES TO DECREASED AT A DOUBLE-DIGIT RATE WHILE OVERALL CUSTOMER SATISFACTION REMAINS HIGH
BOOKING HOLDINGS CFO: OVERALL, CONSUMER DEMAND REMAINED RESILIENT IN THE QUARTER, ALTHOUGH WE OBSERVED SOME MODEST SHIFTS IN TRAVEL BEHAVIOR
BOOKING HOLDINGS CFO: INTERNATIONAL ROOM NIGHTS INCREASED SLIGHTLY, REFLECTING CONTINUED PRESSURE ON LONG-HAUL TRAVEL DUE PRIMARILY TO THE INDIRECT IMPACTS OF THE SITUATION IN THE MIDDLE EAST
BOOKING HOLDINGS CFO: EUROPE GREW MID-SINGLE DIGITS, WITH DOMESTIC ROOM NIGHTS UP HIGH SINGLE DIGITS
BOOKING HOLDINGS CFO: ASIA GREW MID-SINGLE DIGITS, WITH DOMESTIC ROOM NIGHTS UP LOW DOUBLE DIGITS
BOOKING HOLDINGS CFO: US GREW HIGH SINGLE DIGITS, DRIVEN BY DOMESTIC DEMAND
BOOKING HOLDINGS CFO: REST OF WORLD GREW MID-SINGLE DIGITS, IMPROVING FROM A LOW SINGLE-DIGIT DECLINE IN THE FIRST QUARTER DUE TO STRONGER BOOKINGS FROM MIDDLE EAST BOOKERS
BOOKING HOLDINGS CFO: ATTRACTION TICKETS GREW DOUBLE DIGITS, WHILE FLIGHT TICKETS INCREASED 4% YOY, DESPITE PRESSURE FROM THE MIDDLE EAST CONFLICT, INCLUDING REDUCED CAPACITY ON CERTAIN INTERNATIONAL ROUTES AND HIGHER FLIGHT TICKET PRICES
BOOKING HOLDINGS CFO: REVENUE GROWTH WAS LOWER THAN GROSS BOOKINGS GROWTH, PRIMARILY DUE TO ELEVATED CANCELLATIONS IN MARCH THAT AFFECTED Q2 REVENUE
BOOKING HOLDINGS CFO: THE IMPACT IN Q2 WAS ACTUALLY A BIT HIGHER THAN IN Q1
BOOKING HOLDINGS CFO: MIDDLE EAST IMPACT CONTINUING IN APRIL AND IN MAY; IN JUNE THE SITUATION STARTED TO NORMALIZE MORE
BOOKING HOLDINGS CFO: WE STILL EXPECT THAT THE INDIRECT IMPACT, PARTICULARLY ON AIRLINE CAPACITY AND FLIGHT TICKET PRICES, WILL CONTINUE UNTIL THE END OF Q3
BOOKING HOLDINGS CFO: ENCOURAGED BY THE RESILIENCY IN DEMAND, INCLUDING IN JULY, THE HEALTHY PICKUP OF THE SUMMER BOOKINGS
BOOKING HOLDINGS CEO: WE ARE ALREADY SEEING AN ROI THAT IS POSITIVE ON OUR AI INVESTMENTS TODAY AS A COMPANY
BOOKING HOLDINGS CFO: OUR AI COSTS ARE GOING UP, IT’S STILL AT A LOW SINGLE-DIGIT LEVEL OF OUR OVERALL TECHNOLOGY SPEND Source text: Further company coverage: (BKNG.O)