Booking to repay $110m in Covid aid to governments
Netherlands / US: Online travel agency Booking Holdings has revealed it will repay up to $110 million in coronavirus aid to governments who supported the company during the height of the pandemic. including around $78 million [€64 million] to the Dutch government over an executive pay row. Booking announced it would repay the aid in a […]
Booking Holdings “hopeful” for U-shaped recovery by Spring 2021
Worldwide: In its latest earnings call for 2020 Q3, Booking Holding senior executives are predicting a second dip in cancellation rates in November and December before a U-shaped recovery [rather than the deep V shape seen earlier in the year] until Spring 2021. The company is forecasting a loss in the fourth quarter despite seeing […]