Transcript
Transcript

Booking & Expedia – Pre-earnings Industry Update – 2 November 2020

  • Public Equity
  • Consumer
  • Europe

Specialist

Former Managing Director at Expedia Group Inc

Agenda

  • Impact of regional travel restrictions on Booking (NASDAQ: BKNG) and Expedia's (NASDAQ: EXPE) Q3 2020 volumes
  • Q4 outlook and 2021 recovery potential
  • Acquisition cost trends through the pandemic
  • OTA distribution strategy and channel mix through a recovery
  • Evolution of booking characteristics including lead times, duration trends, refundable bookings, independent vs branded vs vacation rental mix and ADRs (average daily rates)

Questions

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