Booking Holdings Inc. is an American travel technology company incorporated under

Delaware General Corporation Law The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most im ...

and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship

Booking.com Booking.com, headquartered in Amsterdam, is one of the largest online travel agencies. It is a subsidiary of Booking Holdings. History In 1996, Geert-Jan Bruinsma, a student at Universiteit Twente, founded Bookings.nl. In 2000, Booking.com w ...

Priceline.com Priceline.com is an online travel agency for finding discount rates for travel-related purchases such as airline tickets and hotel stays. The company facilitates the provision of travel services from its suppliers to its clients. Priceline.com ...

, Agoda.com, Kayak.com,

Cheapflights Cheapflights is a travel fare metasearch engine. The website is part of the Kayak.com subsidiary of Booking Holdings. Its websites publish flight prices, and compare prices from suppliers, including major airlines, through tiny travel agents. A ...

, Rentalcars.com,

Momondo Momondo (stylised momondo) is a travel fare aggregator and travel fare metasearch engine. momondo was founded in Denmark and is today managed by KAYAK, part of Booking Holdings. History momondo was developed in Denmark and launched in Septembe ...

, and

OpenTable OpenTable is an online restaurant-reservation service company founded by Sid Gorham, Eric Moe and Chuck Templeton on 2 July 1998 and is based in San Francisco, California. In 1998, operations began with a limited selection of restaurants in ...

. It operates websites in about 40

language Language is a structured system of communication. The structure of a language is its grammar and the free components are its vocabulary. Languages are the primary means by which humans communicate, and may be conveyed through a variety of ...

s and 200 countries. In 2017, 89% of its gross profit was made outside the United States– most of which came from Booking.com. 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. In 2017, 93.4% of revenues were derived from commissions and 6.6% of revenues were derived from

advertising Advertising is the practice and techniques employed to bring attention to a product or service. Advertising aims to put a product or service in the spotlight in hopes of drawing it attention from consumers. It is typically used to promote a ...

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

History

In 1997, Jay S. Walker founded the company in Stamford, Connecticut, which launched

, an online travel site, that used a Name Your Own Price bidding model. In 1999, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

, making Walker, who owned a 35% stake in the company, a multi-billionaire. The company experimented with selling other products and services such as groceries, gasoline, home mortgages, and cars, but these offerings were discontinued in 2000. On April 1, 2014, the name of the company was changed from priceline.com Incorporated to The Priceline Group Inc. In July 2017, the company acquired the Momondo Group. In August 2017, KAYAK acquired the assets of Mundi, a Brazilian metasearch company. On February 21, 2018, the name of the company was changed from The Priceline Group Inc. to Booking Holdings. On February 27, 2018, the company changed its ticker symbol from "PCLN" to "BKNG". In 2021, Booking Holdings acquired Etraveli Group AB, the operator of the website GoToGate, and hotel distributor Getaroom, for €1.63 billion. The

Government of the United Kingdom ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd , image = HM Government logo.svg , image_size = 220px , image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg , image_size2 = 180px , caption = Royal Arms , date_es ...

Competition and Markets Authority The Competition and Markets Authority (CMA) is the competition regulator in United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-com ...

has launched an enquiry into the acquisition, and as of November 2022, Booking Holdings is continuing to defend its proposed acquisition.

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. Effective January 1, 2014,

Darren Huston Darren R. Huston (born 3 January 1966) is a Canadian businessman and the former president and chief executive officer (CEO) of Priceline and Booking.com. Early life Darren R. Huston was born on 3 January 1966 in Hope, British Columbia, Canada. ...

was named chief executive officer of the company, replacing Jeff Boyd. On April 28, 2016, Huston was forced to resign following an undisclosed personal relationship with an employee, and Boyd was named interim CEO. Effective January 1, 2017, Glenn D. Fogel was named chief executive officer and president.

Acquisitions

References

External links

* {{authority control, state=expanded Holding companies of the United States Online retailers of the United States American companies established in 1997 Holding companies established in 1997 Hospitality companies established in 1997 Internet properties established in 1997 1999 initial public offerings Companies based in Norwalk, Connecticut 1997 establishments in Connecticut Retail companies established in 1997

History

Management

Acquisitions

See also

References

External links