|Day's Range||2.1200 - 2.1200|
Booking Holdings Inc NASDAQ/NGS:BKNGView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for BKNG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BKNG. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold BKNG had net inflows of $4.01 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Facebook has reportedly signed up more than a dozen partners to help fund and manage its new cryptocurrency, which it plans to publicly unveil this week.
(Bloomberg) -- Airbnb Inc. is expanding into “adventure tourism,” offering travelers the chance to search for UFOs in Arizona or track lions on foot with Samburu guides in Kenya, as the room-rental company seeks to broaden its business in advance of an initial public offering likely next year.The company’s latest foray into tourism, called Airbnb Adventures, will start with more than 200 global activities. The offering is an extension of its tour service Airbnb Experiences, which the company started in 2016. Adventures will offer more elaborate multiday trips, where hosts act as tour guides, arranging itineraries, accommodation, meals and costs for as many as 12 people at a time, the company said Thursday in a statement.Airbnb is striving to diversify its business in the lead-up to an IPO that may come in 2020. It has recently vowed to become an end-to-end travel platform, offering hotel booking, tours and potentially even flights on top of its traditional home-share business.The San Francisco-based company began in 2008 by persuading millions of people to open up their homes to strangers. Now valued at $31 billion, it has more than 6 million listings worldwide, including its recent expansion into luxury real estate when it took over 10 floors of Rockefeller Plaza in New York.Airbnb said the price of its new Adventure program can vary from $79 for an overnight stay to $5,000 for a 10-day trip.Airbnb is among the companies vying for a share of the international adventure travel market, which the Adventure Travel Trade Association valued at almost $700 billion in 2017. Booking Holdings Inc. launched Booking Experiences in the U.S. in 2018 and startups like GetYourGuide GmbH, Vayable Inc. and Peek Travel Inc. have also raised venture capital for their own tour-booking websites and applications.However, Airbnb Adventures are exclusive to the platform and can’t be found on any other major booking site, the company said.To contact the reporter on this story: Olivia Carville in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew Pollack, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
STAMFORD, Conn., June 12, 2019 /PRNewswire/ -- A new global study from travel search site momondo, "The Value of Traveling 2019: Opening Our World" reveals that we see the world as increasingly divided. The report also supports the positive correlation between travel and open-mindedness. "At momondo our mission is to open the world and our newest initiative reaffirms this," said Per Christiansen, VP, Marketing EMEA at momondo.
(Bloomberg) -- Online travel booking site Nustay A/S has filed a complaint to the European Union’s antitrust regulator, claiming Expedia Group Inc. and Booking Holdings Inc. are trying to “kill off” the startup for offering lower prices and punishing hotels that appear on its site.The Danish company said the online travel giants were in breach of competition rules by trying to maintain “artificially high price levels” for hotel rooms -- thereby potentially trying to keep their commissions high -- by preventing Nustay from offering lower prices.Founded in 2014, Nustay advertises rooms booked at a block rate, as well as direct on-demand booking, in a bid to provide customers cheaper offers than often appear on rival sites. The Danish website also charges low commissions, resulting in better prices for customers but the same earnings for hotels, it says.Nustay said Expedia and Booking.com downgraded hotels in their search rankings if a hotel’s prices were lower on a competing website, harming the hotels’ ability to land bookings. Hotels, in turn, are pressuring Nustay to raise prices so they wouldn’t lose more business on Booking and Expedia, it added.The European Commission said it had received Nustay’s complaint and was assessing it. Booking and Expedia didn’t respond to requests for comment.“We really have the possibility to give a better product to the consumers at a lower price, but we are seeing a tremendous effort from Expedia and Booking.com to kill us before we even get a chance to get a foothold, “ Nustay Chief Executive Officer Mathias Lundoe Nielsen said in an interview, adding they decided to file the complaint to try to get fair terms and “show how big of a problem it actually is.”The company said its visibility online increased rapidly last fall when Alphabet Inc.’s Google started including Nustay’s cheaper offers in its hotel search, alongside Booking and Expedia’s offerings.That development also triggered complaints from more than a thousand hotels, who urged Nustay to increase their prices, after being pressured by Expedia and Booking, Lundoe Nielsen said. Some of the hotels complained they were losing so much business from Booking or Expedia, and because Nustay doesn’t represent a large part of its business, they just wanted Nustay to increase the price to appease the online travel giants, he said.In one email exchange between a European hotel and Nustay and seen by Bloomberg, the owner said “we have been contacted by both of our partners Expedia and Booking.com, they both have asked us to contact the ones that are not in line with the prices we communicate.”Another hotel says “I am being penalized by Booking.com and Expedia because you are selling bedrooms at my properties cheaper than they are able to,” according to another email exchange.Expedia also directly urged Nustay to raise their prices in Google search, before it terminated a partnership about three months ago with the company as part of which it sold it some inventory, Lundoe Nielsen said.A Europe-wide antitrust crackdown in recent years saw Booking roll back some clauses obliging hotels to offer their best price to the site. European competition agencies flagged concerns about online bookings in a 2017 report. It said large hotel chains expected the biggest online travel sites to keep on growing, meaning any new rivals to them would face “significant difficulties.”Booking and Expedia have, in turn, urged the EU to probe how Google shows their sites in local and travel search results. Margrethe Vestager, the EU’s antitrust chief, has said she’s looking at Google’s local search.Online hotel booking sites are also being reviewed by Japanese authorities In the U.S., Expedia is under investigation in Utah for allegedly conspiring with the biggest U.S. hotel chains to manipulate search advertising on Google.(Updates with European Commission comment in fifth paragraph.)\--With assistance from Aoife White.To contact the reporter on this story: Natalia Drozdiak in Brussels at firstname.lastname@example.orgTo contact the editors responsible for this story: Giles Turner at email@example.com;Peter Chapman at firstname.lastname@example.orgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Restaurants in California, Florida and Hawaii Receive Most Honors; Winners Span 19 States and Washington, D.C. SAN FRANCISCO , June 11, 2019 /PRNewswire/ -- As the days grow longer and we approach the ...
Take in the Great Outdoors This Summer: OpenTable Reveals 100 Best Outdoor Dining Restaurants in Canada for 2019
Horseman Capital Management is a hedge fund launched in 2000 by John Horseman, with its headquarters located in London (Belgravia) and Jersey, UK. Its founder, John Horseman, has been the fund’s CEO and Director since its launching. He was also the fund’s portfolio manager until 2006 when the position was taken over by Russell Clark, […]
Yanolja's gentrification of South Korean love hotels has brought the company a valuation of more than $1 billion from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chief executive told Reuters. The budget hotel and online booking platform operator reached the valuation having secured $180 million from U.S. peer Booking Holdings Inc and Singapore sovereign wealth fund GIC Pte Ltd, Yanolja confirmed on Tuesday. It aims to conduct an initial public offering (IPO) as early as next year, CEO Kim Jong-yoon said in an earlier interview.
Booking Holdings (BKNG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
In a contrarian view, Goldman Sachs says 12 ‘crowded’ stocks held heavily by both mutual funds and hedge funds are likely to dramatically outperform the rest of the market amid two escalating U.S. trade wars. "The underperformance of popular positions today following President Trump’s announcement of tariffs on imports from Mexico underscores investor concern about crowded positions," said Goldman in its latest US Weekly Kickstart report.
SINGAPORE, June 6, 2019 /PRNewswire/ -- With the summer holidays fast approaching, Agoda, one of the world's fastest growing digital travel platforms, reveals Tokyo, London and Las Vegas continue to hold the top destination spots in 2019. Japan dominates Asia Pacific travelers' summer plans scooping six out of the top ten destinations this summer. Firm favorites Tokyo, Osaka, Okinawa Main Island, Kyoto, are joined this year by Sapporo and Fukuoka, knocking Singapore and Hong Kong out of the top 10 list.
SAN FRANCISCO, June 5, 2019 /PRNewswire/ -- OpenTable, the world's leading provider of online restaurant reservations and part of Booking Holdings, Inc. (NASDAQ: BKNG), today announced an industry-first partnership with Upserve, a full-service Restaurant Management Platform. The partnership allows data and guest insights to flow in real-time both ways between OpenTable's GuestCenter operating system and Upserve's restaurant point-of-sale system, enabling servers to have diner information and preferences at their fingertips to help them personalize service on the fly. "Our partnership with Upserve is the latest example of how we combine guest, reservation and spend data to help restaurants take hospitality to the next level," said Joseph Essas, Chief Technology Officer at OpenTable.
Booking Jumped after Goldman Said Stock Is Likely to OutperformBooking stock gainedBooking Holdings (BKNG) stock jumped ~6% on June 4 after Goldman Sachs (GS) put it on a list of 12 stocks that are likely to outperform the broader market in spite of
IBM Wants to Transform Senior Homes with Vehicle Technology(Continued from Prior Part)Court rejects IBM’s patent infringement claimIBM’s (IBM) attempt to pin a patent infringement blame on Booking Holdings (BKNG) has suffered a blow. According a
Booking.com CEO Gillian Tans joins Yahoo Finance's Adam Shapiro, Julie Hyman, and Dan Roberts to discuss the travel industry and the 2019 summer travel season.