The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Naved Ahmad Khan - Truist Securities, Inc., Research Division - Analyst
: Yes. Maybe, Glenn, can you maybe shed some light on the mix of direct versus paid bookings? I think historically, you talked about
how direct had already crossed the 50% mark. How does it look today? And do you think that maybe an elevated level of direct
bookings can continue to occur on a go-forward basis or would you think of that as a temporary shift? And then I have a follow-up.
Question: Naved Ahmad Khan - Truist Securities, Inc., Research Division - Analyst
: Great. And the follow-up I had is really just to clarify the domestic mix you gave us, Glenn, 70% domestic. How does that treat the
EU? Do you treat it as a single entity or are you looking at country level?
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AUGUST 06, 2020 / 8:30PM, BKNG.OQ - Q2 2020 Booking Holdings Inc Earnings Call
Question: Dae K. Lee - JPMorgan Chase & Co, Research Division - Analyst
: This is Dae on for Doug. First one, could you talk about the profile of the people who are still traveling? For example, would you
consider them to be travelers with higher LTVs since they're traveling despite all that is happening or just people who are traveling
because they have to? And could you tie that to how important you think it is to gain share early in the recovery? And then secondly,
for David, on the fixed cost side, given your comments about cost savings being more volume-related, should we expect these costs
to come back with volume returning? And do you think margins will look meaningfully different when volumes return to pre-COVID
levels?
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