Booking Holdings

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Booking Holdings Inc.
Formerly called
  • Priceline.com Incorporated (1998–2014)
  • The Priceline Group Inc. (2014–2018)
Public company
Traded as
Industry Travel
Technology
Founded 1996; 28 years ago (1996)[1]
Founder Jay S. Walker
Headquarters Norwalk, Connecticut, U.S.
Key people
 Glenn D. Fogel
(Director and CEO)
David I. Goulden (CFO)
Peter J. Millones, Jr.(General Counsel)
Paulo Pisano (CHRO)
Products Booking.com
Priceline.com
Agoda.com
Kayak.com
Cheapflights
Rentalcars.com
momondo
Mundi
OpenTable
Revenue Increase US$10.96 billion (2021)
Increase US$2.50 billion (2021)
Increase US$1.17 billion (2021)
Total assets Increase US$23.64 billion (2021)
Total equity Increase US$6.18 billion (2021)
Number of employees
 Increase c. 20,300 (2021)
Website bookingholdings.com
Footnotes / references
[2]

Booking Holdings Inc. is an American travel technology company incorporated under Delaware General Corporation Law and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. It operates websites in about 40 languages and 200 countries.

In 2017, 89% of its gross profit was made outside the United States– most of which came from Booking.com.[2][3]

In 2021, consumers booked 591 million room nights of accommodation, 47 million rental car days, and 15 million airplane tickets using websites owned by Booking Holdings.[2](p49)

In 2017, 93.4% of revenues were derived from commissions and 6.6% of revenues were derived from advertising.[2]

The company ranked 340th on the 2022 Fortune 500 list of the largest United States corporations by revenue.[4]

History

In 1997, Jay S. Walker founded the company in Stamford, Connecticut, which launched Priceline.com, an online travel site, that used a Name Your Own Price bidding model.[5]

In 1999, the company became a public company via an initial public offering, making Walker, who owned a 35% stake in the company, a multi-billionaire.[6][5]

The company experimented with selling other products and services such as groceries, gasoline, home mortgages, and cars, but these offerings were discontinued in 2000.[7][8]

On April 1, 2014, the name of the company was changed from priceline.com Incorporated to The Priceline Group Inc.[2]

In July 2017, the company acquired the Momondo Group.[9]

In August 2017, KAYAK acquired the assets of Mundi, a Brazilian metasearch company.[10][11]

On February 21, 2018, the name of the company was changed from The Priceline Group Inc. to Booking Holdings.[12][13] On February 27, 2018, the company changed its ticker symbol from "PCLN" to "BKNG".

Management

Jeffery H. Boyd was named chief executive officer in 2002 and remained in that role until becoming chairman of the board for Booking Holdings in 2013.[14]

Effective January 1, 2014, Darren Huston was named chief executive officer of the company, replacing Jeff Boyd.[15] On April 28, 2016, Huston was forced to resign following an undisclosed personal relationship with an employee, and Boyd was named interim CEO.[16]

Effective January 1, 2017, Glenn D. Fogel was named chief executive officer and president.[17]

Acquisitions

# Year Company Price Ref(s).
1997 Priceline.com [18]
1 2004 Major stakes in Travelweb and Active Hotels [19]
2 2005 Booking.com $133 million [18]
3 2007 Agoda.com [20]
4 2010 TravelJigsaw / Rentalcars.com [21]
5 2013 Kayak.com $1.8 billion [22]
6 2014 OpenTable $2.6 billion [23]
7 2014 Buuteeq and Hotel Ninjas $98 million [24]
8 2015 Rocketmiles [25]
9 2017 Momondo and Cheapflights $550 million [9]
10 2017 Mundi [26]
11 2018 FareHarbor $250 million [27]
12 2018 Minority stake in DiDi $500 million [28]
13 2018 HotelsCombined $140 million [29]
14 2019 Venga [30]
15 2022 Getaroom 1.2 billion [31]

References

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  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.(subscription required)
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  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

Template:Booking Holdings

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