From Yahoo Finance: 2025-04-29 16:40:00

Online travel agency Booking Holdings exceeded analyst expectations for first-quarter profit and revenue, driven by strong international travel demand amid fears of a U.S. recession. High-income Chinese tourists traveling to Southeast Asia boosted prices for lodgings and services in the region. However, Trump’s import tariffs have dampened consumer sentiment and discretionary spending. Hilton Worldwide cuts its 2025 revenue growth forecast due to the global trade war’s impact on travel spending. Booking posted an adjusted profit of $24.81 per share, beating estimates. Total room nights increased by 7% to 319 million, with gross bookings reaching $46.7 billion – a 7% increase year-over-year. Quarterly revenue rose to $4.76 billion, surpassing analysts’ average estimate of $4.59 billion. CEO Glenn Fogel cited market uncertainty in the geopolitical and macroeconomic environment.



Read more at Yahoo Finance: Booking Holdings posts upbeat quarterly results helped by international travel