Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed - S&P Global Ratings’ Credit Research

Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed

Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed - S&P Global Ratings’ Credit Research
Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed
Published Nov 11, 2021
4 pages (1968 words) — Published Nov 11, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Booking Holdings Inc. reported revenue for the quarter ended Sept. 30, 2021, was only about 7% below comparable-quarter revenues in 2019. The recovery in the company's revenues is a good reflection of broader recovery of demand for leisure travel that has exhibited improving trends over the past six months following the significant slowdown in travel due to the COVID-19 pandemic. As a result, we affirmed our 'A-' issuer credit rating on Booking Holdings and revised our outlook to stable from negative. The stable outlook reflects our expectation that the company will benefit from continued recovery in travel volumes bolstered by pent-up demand for travel over the next 12 months as demand for domestic and international travel recovers. NEW YORK (S&P

  
Brief Excerpt:

...November 11, 2021 - Booking Holdings Inc. reported revenue for the quarter ended Sept. 30, 2021, was only about 7% below comparable-quarter revenues in 2019. - The recovery in the company's revenues is a good reflection of broader recovery of demand for leisure travel that has exhibited improving trends over the past six months following the significant slowdown in travel due to the COVID-19 pandemic. - As a result, we affirmed our 'A-' issuer credit rating on Booking Holdings and revised our outlook to stable from negative. - The stable outlook reflects our expectation that the company will benefit from continued recovery in travel volumes bolstered by pent-up demand for travel over the next 12 months as demand for domestic and international travel recovers. NEW YORK (S&P Global Ratings) Nov. 11, 2021--S&P Global Ratings today took the rating actions listed above. The travel industry has reached an inflection point in its recovery from the COVID-19 pandemic. Booking's revenue for the quarter...

  
Report Type:

Ratings Action

Ticker
PCLN
Issuer
Booking Holdings Inc.
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed" Nov 11, 2021. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Booking-Holdings-Inc-Outlook-Revised-To-Stable-From-Negative-On-Improving-Travel-Demand-A-Rating-Affirmed-2754518>
  
APA:
S&P Global Ratings’ Credit Research. (). Booking Holdings Inc. Outlook Revised To Stable From Negative On Improving Travel Demand; 'A-' Rating Affirmed Nov 11, 2021. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Booking-Holdings-Inc-Outlook-Revised-To-Stable-From-Negative-On-Improving-Travel-Demand-A-Rating-Affirmed-2754518>
  
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