Booking Holdings beats fourth-area estimates on robust international tour demand


Feb 20 (Reuters) - Online tour employer Booking Holdings (BKNG.O), opens new tab handed analysts' expectation for fourth-region income and revenue on Thursday, helped through booming call for for worldwide travel, sending its stocks up about five% after the bell.

Leisure tour in Europe, the enterprise's biggest market, has remained healthful, led with the aid of each home and lengthy-haul trips from rich American vacationers.

Demand has also been sturdy in Asia-Pacific, with destinations in Southeast Asia cashing in on an influx of excessive-profits Chinese travelers after the lifting of a few visa restrictions.

The organization posted an adjusted profit of $41.55 according to percentage for the quarter ended December 31, compared with analysts' average estimate of $36.03 in keeping with percentage, in keeping with facts compiled via LSEG.

Total room nights increased 13% over the year earlier to 261 million at some stage in the zone. It published gross bookings of $37.2 billion, up approximately 17% from the year-ago region.

The enterprise's overall quarterly sales changed into $5.47 billion, up about 14% from the 12 months earlier. Analysts, on average, predicted revenue at $5.18 billion.