BKNG - Booking Holdings Inc. (BKNG) JPMorgan Global Technology Media and Communications Conference - (Transcript)
2024-05-20 17:08:06 ET
Booking Holdings Inc. (BKNG)
JPMorgan Global Technology, Media and Communications Conference Call
May 20, 2024 2:30 PM ET
Company Participants
Glenn Fogel - CEO
Ewout Steenbergen - CFO
Conference Call Participants
Doug Anmuth - J.P. Morgan
Presentation
Doug Anmuth
All right. We're going to go ahead and get started. I'm Doug Anmuth, J.P. Morgan's Internet Analyst. Very pleased to have with us today Booking CEO, Glenn Fogel and CFO, Ewout Steenbergen. Booking is The global leader in online travel, with the mission to make it easier for everyone to experience the world.
Last year the company booked more than a billion room nights and had over $150 billion in gross bookings. Glenn has been with the company since 2000. He previously served as Head of Worldwide Strategy And Planning, also EVP of Corporate Development and became CEO in 2017. Ewout joined booking all of two months ago. He was previously CFO at S&P Global for eight years and President of Engineering Solutions there, and prior to that CFO at VOYA Financial.
So welcome Glenn and Ewout.
Glenn Fogel
Thank you.
Ewout Steenbergen
Thank you Doug.
Question-and-Answer Session
Q - Doug Anmuth
All right. Let's start with the state of overall travel. You recently reported strong 1Q results, room nights growing 9%, bookings growing 10%, again some tougher Easter comps. You've noted resiliency in global leisure travel and healthy growth in summer travel on the books, but perhaps also less expansion in the booking window and also just ongoing geopolitical situation in the Middle East. So maybe with that as backdrop, if you could kind of give us a little bit more on how you're thinking about the current state of travel....
Booking Holdings Inc. (BKNG) JPMorgan Global Technology, Media and Communications Conference - (Transcript)