Booking Holdings
Booking Holdings Inc. is an online travel company headquartered in Norwalk, Connecticut, whose brands include Booking.com, Priceline, Agoda, KAYAK and OpenTable; it is listed on Nasdaq.
Contents17 sections
Key facts
1997–1998Founding of priceline.com
The company was formed as a Delaware limited liability company in 1997, converted into a Delaware corporation in July 1998, and launched its business in the United States that year under the priceline.com brand.[1]
Founder Jay Walker launched priceline.com and its Name Your Own Price service in 1997.[2]
1999–2000IPO and Retreat from Non-Travel Businesses
Priceline went public in 1999 and reached a $12.9 billion market value on its first day, then the highest for a corporation. In 2000 it discontinued WebHouse Club, its grocery and gasoline venture, to refocus on travel, and Jay Walker left the board.[2]
September 2004–July 2005Acquisitions of Active Hotels and Bookings B.V.
Priceline acquired Cambridge-based Active Hotels in September 2004 and on July 14, 2005 announced the cash purchase of Amsterdam-based Bookings B.V. for about €110 million (US$133 million). Bookings, founded in 1996, had about 130 full-time employees.[3]
2007–2010Agoda and International Growth
The company acquired Agoda in 2007. In 2009 its international business represented approximately 61 percent of gross bookings. As of January 31, 2010, it had approximately 2,010 full-time employees, and its stock traded on the NASDAQ Global Select Market under the symbol PCLN.[4]
October 2009Joining the Nasdaq-100 and S&P 500
On October 22, 2009, Nasdaq announced that Priceline would join the Nasdaq-100 Index before the market opened on October 29, replacing Juniper Networks.[5]
On October 29, 2009, Standard & Poor’s announced that Priceline would replace Schering-Plough, which was merging with Merck & Co.Merck & Co.Merck & Co., Inc. is a global health care company headquartered in Rahway, New Jersey, that develops medicines and vaccines and is called MSD outside the United States and Canada.Open the full entry, in the S&P 500S&P 500The S&P 500 is a U.S. large-cap equity index compiled by S&P Dow Jones Indices. It includes 500 leading companies, covers about 80% of available market capitalization and is described by S&P DJI as “widely regarded as the best single gauge of large-cap U.S. equities.”Open the full entry after the close of trading on a date to be announced.[6]
May 21, 2013Completion of the KAYAK Merger
On May 21, 2013, priceline.com announced the completion of its merger with travel search company KAYAK, paying approximately $522.4 million in cash, issuing approximately 1,519,717 shares of common stock and assuming KAYAK’s outstanding stock options. KAYAK continued as an independent brand under co-founder and CEO Steve Hafner.[7]
2014Renaming as The Priceline Group and Acquisition of OpenTable
On April 1, 2014, the company changed its name from priceline.com Incorporated to The Priceline Group Inc. In 2014 its international business, mostly Booking.com, represented approximately 87 percent of gross bookings.[1]
In July 2014, The Priceline Group completed its $2.6 billion acquisition of restaurant reservation platform OpenTable, which became the group’s sixth major brand.[8]
April 28, 2016Resignation of Darren Huston
On April 28, 2016, CEO Darren Huston resigned following a board-overseen investigation into a personal relationship with an employee who was not under his direct supervision, which found he had acted contrary to the company’s Code of Conduct. Chairman Jeffery H. Boyd became interim CEO and President, and Gillian Tans was named CEO of Booking.com.[9]
December 15, 2016Glenn Fogel Named CEO
On December 15, 2016, The Priceline Group named Glenn Fogel CEO effective January 1, 2017. Fogel had been Head of Strategy and Executive Vice President of Corporate Development. Jeffery H. Boyd, CEO from 2002 to 2013, became Executive Chairman.[10]
February 21, 2018Renaming as Booking Holdings
On February 21, 2018, The Priceline Group Inc. changed its name to Booking Holdings Inc., and its ticker changed from PCLN to BKNG on February 27. Among its six primary brands, Booking.com produced a significant majority of gross bookings and operating profit. Glenn Fogel said the move was “to more accurately align our company name with our largest business.”[11]
September 2023EU Prohibits the Etraveli Acquisition
In September 2023, the European Commission prohibited Booking Holdings’ acquisition of Etraveli Group from CVC Capital Partners. On September 25, Booking Holdings said it intended to appeal to the European courts and extended its commercial partnership with Etraveli through at least December 2028. Glenn Fogel said the decision “not only departs from settled law and precedent.”[12]
May–November 2024: Designation as a Digital Markets Act Gatekeeper
On May 13, 2024, the European Commission designated Booking Holdings as a gatekeeper under the Digital Markets Act for its online intermediation service Booking.com.[13]
From November 14, 2024, Booking.com had to comply with the Digital Markets Act’s relevant obligations, including not restricting hotels and other providers from offering better prices and conditions on other online channels and their own websites, and giving businesses real-time data access and users data portability.[14]
July 30, 2024Fine by Spain’s Competition Authority
On July 30, 2024, Spain’s National Markets and Competition Commission (CNMC) fined Booking.com €413.24 million for abusing its dominant position from at least January 1, 2019, including by barring hotels from offering lower prices on their own websites than on Booking.com.[15]
As of December 31, 2025: Business and Employees
As of December 31, 2025, Booking Holdings had approximately 24,300 employees. Among its main brands, Booking.com is based in the Netherlands, Agoda in Singapore and OpenTable in San Francisco.[16]
February 18, 2026Full-Year 2025 Results
In 2025, Booking Holdings’ room nights totaled 1,235 million, up 8 percent; gross bookings were $186.1 billion, up 12 percent; and revenue was $26.9 billion, up 13 percent from $23.7 billion in 2024. Net income fell 8 percent to $5.4 billion from $5.9 billion, or $165.57 per diluted share.[17]
April–August 2026: Stock Split and Second-Quarter Results
The company effected the 25-for-1 stock split on April 2, 2026. Second-quarter 2026 results released on August 4 showed room nights of 325 million, up 5 percent; gross bookings of $51.0 billion, up 9 percent; revenue of $7.4 billion, up 8 percent; and net income of $1.95 billion, up 118 percent, or $2.53 per diluted share on a split-adjusted basis.[18]
Sources
- The Priceline Group Inc. Form 10-K 2014 (opens in a new window)
- History - Booking Holdings (opens in a new window)
- U.S. Internet Travel Company Priceline.com Acquires Bookings B.V. Online Hotel Reservation Service (opens in a new window)
- priceline.com Incorporated Form 10-K 2009 (opens in a new window)
- Priceline.com Incorporated To Join The NASDAQ-100 Index Beginning October 29, 2009 (opens in a new window)
- SCHERING-PLOUGH : Standard & Poor's Announces Changes to U.S. Indices (opens in a new window)
- Priceline.com and KAYAK Announce Completion of Merger (opens in a new window)
- Priceline Group Completes $2.6 Billion OpenTable Acquisition (opens in a new window)
- PRICELINE GROUP CEO DARREN HUSTON RESIGNS; CHAIRMAN JEFFERY H. BOYD APPOINTED INTERIM CEO (opens in a new window)
- THE PRICELINE GROUP NAMES GLENN FOGEL CEO (opens in a new window)
- The Priceline Group Inc. (NASDAQ: PCLN) Announces Name Change to Booking Holdings Inc. (opens in a new window)
- Booking Holdings Intends to Appeal European Commission Decision to Prohibit the Company's Acquisition of Etraveli Group (opens in a new window)
- Commission designates Booking as a gatekeeper and opens a market investigation into X (opens in a new window)
- Booking must comply with all relevant obligations under the Digital Markets Act (opens in a new window)
- The CNMC fines Booking.com €413.24 million for abusing its dominant position during the last 5 years (opens in a new window)
- Booking Holdings Inc. Form 10-K 2025 (opens in a new window)
- Booking Holdings Reports Fourth Quarter 2025 Financial Results (opens in a new window)
- Booking Holdings Reports Second Quarter 2026 Financial Results (opens in a new window)