Booking Rises After Full-Year Travel Outlook Tops Estimates

Booking Holdings Inc., the parent company to travel brands including Kayak and Priceline, reported a better-than-expected full-year reservations outlook, reassuring investors who have worried that broader economic concerns and a US government shutdown will stunt travel demand. The shares rose in extended trading.

The company expects the closely watched metric of room nights growth to be about 7% for the full year, the company said Tuesday in a statement. Analysts were expecting a 6.7% gain, according to Bloomberg-compiled data.