Quarterly room night growth of 7% was slower than first quarter growth of 9% – and the pace in the third quarter would be 3-5%
Aug 2, 2024
Booking Holdings forecast lower room night growth in the third quarter after beating analysts’ estimates for second-quarter revenue and earnings, sending its shares down 8% after the bell.
Key takeaways
- The booking window shrank in the second quarter and is expected to shrink further in the third quarter;
- The company forecast third-quarter room night growth of 3% to 5%, compared to 7.1% growth in the second quarter and 14.9% growth in the year-ago quarter;
- Total revenue for the quarter ended June 30 rose 7% to $5.86 billion. Analysts had expected revenue of $5.77 billion.
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