Booking Holdings: Their Strategy Of Expansion Into Alternative Accommodations Paying Off?

Booking Holdings, a prominent player in the global online travel market, reported its second quarter 2024 financial results, highlighting a performance that exceeded expectations in various key metrics including room nights, revenue, and adjusted EBITDA. Room nights booked during the quarter grew by 7% year-over-year, achieving a total of 287 million. Revenue and adjusted EBITDA both rose by 7% to $5.9 billion and $1.9 billion respectively, while adjusted earnings per share experienced an 11% increase. The robust results were partially fueled by the company’s strategic capital return program which decreased its average share count by 7%.