During Booking’s second-quarter earnings call Thursday, Booking said that its quarterly room night growth of 7% was slower than the first quarter’s gain of 9% — and that the pace in the third quarter would be 3-5%. Average daily rates also declined in the second quarter, driven by strong room night growth in Asia.
“As we look ahead to the third quarter, we believe room night growth will be impacted by a booking window that expands less than it did in Q2, as well as by the more moderate market growth we have seen in Europe, where our growth has remained stable from May through July,” CEO Glenn Fogel said during the call with analysts.
Still, in the second quarter, Booking Holdings saw its net income jump 18% to $1.5 billion, on revenue of $5.9 billion, a 7% increase.
