Booking Holdings Sees 40% YoY Growth in Connected Trip Transactions with AI at the Helm

• Booking Holdings reports a 40% YoY growth in Q3 connected trip transactions and a total revenue of $8 billion.
• CEO Glenn Fogel highlights the role of AI in their strategy and the growth of alternative accommodations and other travel verticals.

Booking Holdings announced a 40% year-on-year increase in connected trip transactions in Q3, representing a significant segment of Booking.com’s total transactions. The company’s CEO, Glenn Fogel, emphasized the role of artificial intelligence in driving this growth and enhancing the customer experience. Booking Holdings’ Q3 revenue reached $8 billion, a 9% increase YoY, and adjusted EBITDA was $3.7 billion, up 12% from Q3 2023.

The company focuses on expanding its alternative accommodations vertical, which contributed 35% of room nights sold in the third quarter. Fogel also noted the importance of offering customers the ability to compare hotel and alternative accommodation options. Other growth areas included airline tickets, with a 39% increase in bookings on its platforms.

Booking Holdings is integrating AI technology across all its brands, including Booking.com, Priceline, and Agoda. The company expects AI to improve operational efficiency and contribute to the deceleration of fixed expense growth in the future. However, the company did not comment on its ongoing regulatory affairs in Spain and Italy.

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