Booking Reports Jump in Reservations on Travel Confidence
- Quarterly revenue, global bookings top analysts’ estimates
- Executives cautiously optimistic despite delta variant spread
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Booking Holdings Inc. reported a better-than-expected surge in room night reservations and expressed optimism that the pace of travel will continue to improve as more people are vaccinated and restrictions are loosened.
While the surge of coronavirus cases linked to the delta variant spurred “a minor pullback” in July from June, “we remain confident that we will see a strong recovery in travel demand globally,” Chief Executive Officer Glenn Fogel said Wednesday in a conference call after the company released second-quarter results.