Booking Holdings posts upbeat quarterly results on strong international bookings

(Corrects to remove paragraphs 2 and 3 for incorrectly referencing Chinese tourists’ visits to Southeast Asia and Booking’s Asia reservation percentage)

(Reuters) -Online travel agency Booking Holdings beat Wall Street expectations for second-quarter profit and revenue on Tuesday, as international bookings offset weak travel spending in the U.S. 

Booking Holdings said it expects third-quarter revenue growth in the range of 7% to 9% and room nights growth in the range of 3.5% to 5.5%.

The Norwalk, Connecticut-based company reported an adjusted quarterly profit of $55.40 per share, compared with analysts’ estimates of $50.22 per share, according to data compiled by LSEG.  

Total revenue for the quarter ended June 30 was $6.8 billion, up 16% from a year earlier. Analysts, on average, were expecting revenue of $6.57 billion.

(Reporting by Aishwarya Jain and Anshuman Tripathy in Bengaluru; Editing by Alan Barona)

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