Booking Holdings, Inc.

Overview

Date Founded

1998

Headquarters

800 CONNECTICUT AVENUE NORWALK CT 06854

Type of Company

Public

Employees (Worldwide)

24.5K

Industries

Consumer Services
Internet Software & Services

Company Description

Booking Holdings, Inc. is an online travel company, which provides travel and related services. It offers accommodation reservations including hotels, hostels, apartments, vacation rentals and other properties. The company provides services through Booking.com, priceline.com, agoda.com, KAYAK, rentalcars.com and OpenTable brands. It also allows consumers to easily compare airline ticket, hotel reservation and rental car reservation information from hundreds of travel websites at once through KAYAK. The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.

Website

http://www.bookingholdings.com

Contact Data

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In The News

Business Wire

January 27, 2020

Global Online Travel Payment 2020 - Digital Wallets and Local Payment Schemes have Gained Popularity - ResearchAndMarkets.com

PR Newswire

January 23, 2020

Online Travel Payment Market Outlook, Worldwide, 2020-2023 - Industry Overview, Sales Projections, Key Trends, Top 6 Technology Investment Priorities

PR Newswire

January 17, 2020

Travel Intermediaries Market Study, 2020-2023, Featuring Profiles of Leading Players: TUI, Booking Holdings and Expedia

PR Newswire

January 16, 2020

Online Accommodation Booking Industry Report 2020: Global Market Overview, Trends, Travel Sales & Shares, Apps, Start-ups and More

The San Francisco Chronicle

January 5, 2020

There s probably room at the inn; Consumers Checkbook Travel Sites; Travel sites: There s probably room at the inn

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Executives & Employees

Glenn D. Fogel

Chief Executive Officer & President

David Ian Goulden

Executive Vice President & Chief Financial Officer

Peter John Millones, Jr.

Executive Vice President & General Counsel

Ronald V. Rose

Chief Information Officer

Sue D’Emic

Chief Accounting Officer, Senior Vice President & Controller

Brett A. Keller

Chief Executive Officer, Priceline.com

Matthew N. Tynan

Senior Vice President, Finance

Heidi G. Miller

Senior Executive Vice President & Chief Financial Officer

Board of Directors

Glenn D. Fogel

Chief Executive Officer & President at Booking Holdings, Inc.

Charles Noski

Former Executive Vice President & Chief Financial Officer at Bank of America Corp.

Mirian M. Graddick-Weir

Former Executive Vice President, Human Resources at Merck & Co., Inc.

Nancy B. Peretsman

Managing Director at Allen & Company LLC

Tim M. Armstrong

Owner at Boston Blazers

Thomas E. Rothman

Chairman, TriStar Productions at Sony Pictures Entertainment

Robert J. Mylod, Jr.

Founder at Annox Capital

Nicholas J. Read

Group Chief Executive Officer & Executive Director at Vodafone Group Plc

James M. Guyette

President & Executive Director at Rolls-Royce North America Holdings, Inc.

Vanessa A. Wittman

Chief Financial Officer at Glossier, Inc.

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Booking Holdings, Inc.

Owners & Shareholders

Details Hidden

T. Rowe Price Associates, Inc. (Investment Management)

Price Associates' investment approach is based on the belief that fundamental proprietary research drives value-added, active investment management. The firm maintains a global research platform that includes interconnected teams of research analysts. Their strategy begins with bottom-up analysis. Price Associates uses both qualitative and quantitative analysis to evaluate investment opportunities. Portfolios are created with a commitment to diversification and a strict attention to valuation appropriate to the chosen investment universe. The firm focuses its analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer. Price Associates' Private Asset management Group provides balanced, equity and fixed-income investment management services to meet the needs of individuals, trusts, endowments, foundations, institutions, retirement plans and IRAs and other entities.

Details Hidden

Dodge & Cox, Inc.

Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

Details Hidden

Harris Associates LP

Harris uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. The firm's investment philosophy spans across large, mid and small cap companies. In addition, Harris may hedge a client's exposure to direct or indirect foreign currencies. In constructing portfolios for their clients, the firm seeks out companies that they believe are trading in the market at significant discounts to their underlying value. Harris believes purchasing businesses at a discount to intrinsic value minimizes risk while providing substantial profit potential. The firm uses a bottom-up approach focused on individual companies, rather than focusing on specific economic factors or industries. Harris generates their research ideas from a variety of internal and external sources. The firm's research process seeks to identify companies selling at a discount to its estimate of intrinsic value.

Recent Transactions

Details Hidden

Booking Holdings, Inc. purchases Venga, Inc.

Details Hidden

Booking Holdings, Inc. purchases Hotels Combined Pty Ltd.

Details Hidden

Booking Holdings, Inc. raised money in a private placement transaction

Transaction Advisors

Accountant

Deloitte Touche Tohmatsu Services, Inc.

Advised onBooking Holdings, Inc. purchases Booking.com Ltd.

Legal Advisor

Baker & McKenzie LLP

Advised onBooking Holdings, Inc. purchases Booking.com Ltd.

Investment Advisor

Goldman Sachs & Co. LLC

Advised onBooking Holdings, Inc. purchases Kayak Software Corp.

Legal Advisor

Brian E. Hamilton

Advised onBooking Holdings, Inc. purchases OpenTable Inc.

Legal Advisor

David J. Malliband

Advised onBooking Holdings, Inc. purchases Agoda Co. Ltd.

Legal Advisor

Keith A. Pagnani

Advised onBooking Holdings, Inc. purchases OpenTable Inc.

Advisors & Consultants

Legal Advisor

Patricia Moran

Managing Director & Chief Legal Officer at Greenhill & Co. Inc.

Legal Advisor

Jonathan E. Moskin

Partner at Foley & Lardner LLP

Advisor

David J. Malliband

Partner at Baker & McKenzie LLP

Clients

Marriott International, Inc.

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; Asia Pacific; and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select brands located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

American Airlines Group, Inc.

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.

Playa Hotels & Resorts NV

Playa Hotels & Resorts NV engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. It operates through the following geographical segments: Yucatán Peninsula, Pacific Coast, and Caribbean Basin. The company was founded on March 28, 2013 and is headquartered in Amsterdam, the Netherlands.

Key Stats and Financials As of 2018

Market Capitalization

$86B

Total Enterprise Value

$85B

Earnings Per Share

$83.26

Revenue

$14.5B

Net Profit

$4B

EBITDA

$5.77B

EBITDAMargin

39.7%

Total Debt

$8.65B

Total Equity

$8.78B

Enterprise Value Sales

5.85x

Enterprise Value EBITDAOperating

14.75x

TEVNet Income

21.27x

Debt TEV

0.1x

Five Year Compounded Annual Growth Rate Of Revenue

16.42%

Three Year Compounded Annual Growth Rate Of Revenue

16.35%

Investments

Details Hidden

Hotel Urbano Viagens e Turismo SA

Hotel Urbano Viagens e Turismo SA provides tourism and hotel reservation services. It offers day tours, cruises, and vacation packages. The company was founded by João Ricardo Rangel Mendes, José Eduardo Rangel Mendes, and Roberta Antunes Oliveira in January 2011 and is headquartered in Rio de Janeiro, Brazil.

Details Hidden

Yanolja Corp.

Yanolja Corp. engages in the provision of accommodation advertisement and booking platform. Its products include information on accommodations and leisure activities. The company was founded on February 1, 2007 and is headquartered in Seoul, South Korea.

Details Hidden

GrabTaxi Holdings Pte Ltd.

GrabTaxi Holdings Pte Ltd. engages in management consultancy activities. It develops an application software, which provides location based smartphone booking and dispatching services for the taxi industry. The company was founded by Anthony Tan and Hooi Ling Tan in 2012 and is headquartered in Singapore.

Investors

Details Hidden

David Douglas Williams

Managing Partner at 2020 Ventures LLC

Details Hidden

Steve Lee

Crypto Team at Square, Inc.

Details Hidden

Dan Martell

Professional at Dan Martell

Suppliers

TripAdvisor, Inc. Restaurants | Needham, MA

TripAdvisor® is the world's largest travel site, enabling travelers to plan and have the perfect trip. TripAdvisor offers trusted advice from real travelers and a wide variety of travel choices and planning features with seamless links to booking tools. TripAdvisor branded sites make up the largest travel community in the world, with more than 60 million unique monthly visitors*, and over 75 million reviews and opinions. The sites operate in 30 countries worldwide, including China under daodao.com. TripAdvisor also includes TripAdvisor for Business, a dedicated division that provides the tourism industry access to TripAdvisor's millions of monthly visitors.

Liberty TripAdvisor Holdings, Inc. Consumer Services | Englewood, CO

Liberty TripAdvisor Holdings, Inc. engages in online advertising and commerce business through its subsidiaries. It operates through the TripAdvisor, and Corporate and Other segments. The TripAdvisor segment includes online travel community, aggregating reviews, and opinions from its community of travelers about destinations, accommodations, restaurants, and activities throughout the world. The Corporate and Other segment consists of assets or businesses category which the company does not disclose separately. The company was founded on August 27, 2014 and is headquartered in Englewood, CO.

Bazaarvoice, Inc. Holding Companies | Austin, TX

Bazaarvoice is a Software as a Service (SaaS) company that turns social media into social commerce for the world's best global brands by enabling authentic customer-powered marketing. We achieve that by first letting consumers create and share ratings, reviews, questions, answers, and stories about products and brands on client websites. We then syndicate that content across the Web and through the channel to reach shoppers wherever they are. This customer-generated content has a tremendously positive influence on purchase decisions. It is also rich with customer intelligence, which we analyze and provide to our clients so they can make real-time, information-based decisions that affect all aspects of their business — marketing, product R&D, and operations. This strategy of putting customers at the center of your business helps you achieve measurable results across your entire enterprise. Brett Hurt, Vice Chairman, and Brant Barton, General Manager of Media Solutions, founded Bazaarvoice in 2005. Headquartered in Austin, the company has offices in Amsterdam, London, Munich, New York, Paris, San Francisco, Stockholm, and Sydney.

Competitors

Facebook, Inc. Internet Software & Services - MENLO PARK, CA

Facebook, Inc. operates as a social networking company worldwide. The company engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Facebook was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Oracle Corp. Computer Software - Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Awards & Honors

Rank #308

2016

Fortune Magazine - Fortune 1000 Companies