The company is ranked 243rd on the Fortune 500 list of the largest United States corporations by revenue.[3] The company primarily derives its revenue from commissions, with a small portion derived from advertising.[2] In 2023, consumers booked 1,049 million room nights of accommodation, 74 million rental car days, and 36 million airplane tickets using websites owned by Booking Holdings.[2]: 43
The company experimented with selling other products and services such as groceries, gasoline, home mortgages, and cars, but these offerings were discontinued in 2000.[6][7]
On April 1, 2014, the name of the company was changed from priceline.com Incorporated to The Priceline Group Inc.[2]
In August 2017, KAYAK acquired the assets of Mundi, a Brazilian metasearch company.[8][9]
On February 21, 2018, the name of the company was changed from The Priceline Group Inc. to Booking Holdings.[10][11]
The company offered to acquire GoToGate; however, the deal was blocked by European regulators.[12]
Management and finances
CEOs
Jeffery H. Boyd was named chief executive officer in 2002 and remained in that role until becoming chairman of the board for Booking Holdings in 2013.[13]
Effective January 1, 2014, Darren Huston was named chief executive officer of the company, replacing Jeff Boyd.[14] On April 28, 2016, Huston was forced to resign following an undisclosed personal relationship with an employee, and Boyd was named interim CEO.[15]
Effective January 1, 2017, Glenn D. Fogel was named chief executive officer and president.[16]
Finances
The key trends for Booking Holdings are (as at the financial year ending December 31):[17]