Booking Holdings Investor Relations

Booking Holdings Reports Strong Q4 and Full-Year 2021 Results

Gross Travel Bookings Increase Significantly

Booking Holdings (BKNG), the world's leading provider of online travel and related services, today reported its fourth quarter and full-year 2021 financial results. The company recorded a strong performance, driven by a surge in travel demand as pandemic restrictions eased.

Q4 Highlights

In the fourth quarter, gross travel bookings, which refer to the total dollar value of all travel services booked on Booking Holdings' platforms, increased by 60% year-over-year to $31 billion. This was driven by a recovery in both domestic and international travel.

The company's revenue grew by 47% to $4.2 billion, with strong growth across all segments, including accommodation, flights, and rental cars. Net income rebounded to $1.1 billion, compared to a loss of $22 million in the fourth quarter of 2020.

Full-Year Results

For the full year 2021, Booking Holdings reported gross travel bookings of $76.6 billion, an increase of 37% from the previous year. This was driven by a recovery in travel demand, particularly in the second half of the year.

The company's revenue grew by 21% to $14.8 billion, with all segments contributing to the growth. Net income reached $4.7 billion, compared to a loss of $4.7 billion in 2020.

Booking Holdings' CEO Glenn Fogel said, "We are pleased with our performance in the fourth quarter and full year 2021, as we continue to benefit from the recovery in travel demand. We are confident that the long-term outlook for the travel industry remains positive."