Booking Holdings hit record levels across multiple metrics
in 2023. Gross travel bookings for the year were $150.6 billion, up 24%
compared with 2022. Revenue was $21.4 billion, compared with $17.1 billion in 2022
and 40% higher than 2019 revenue, pre-pandemic, which was $15.1 billion.
Operating income in 2023 was $5.8 billion, up 14% year over
year.
Across product categories, the company saw the biggest jump
in air tickets booked, up 57.6% to 36 million in 2023 compared to 23 million in
2022.
Room nights booked hit a record of more than 1 billion in
2023, up 17% compared with 2022 and 21% higher than the 845 million booked in 2019.
Adjusted EBITDA in 2023 was $7.1 billion, up 24% year over
year.
Results from the fourth quarter of 2023 were also up across
the board. Gross travel bookings came in at $31.7 billion for the quarter, up
16% compared with Q4 2022. Room nights booked increased 9% and air tickets sold
increased nearly 46% year over year.
Total revenue in Q4 was $4.8 billion and adjusted EBITDA was
$1.5 billion, both up 18% compared with the fourth quarter of 2022.
“We are pleased to report a strong close to 2023 with fourth
quarter room nights growing 9% year over year or 11% when excluding business
associated with Israel, which was significantly impacted by the war. For the
full year, we reached a significant milestone with over 1 billion room nights
booked on our platforms, and we achieved record levels of gross bookings,
revenue, and operating income,” said Glenn Fogel, Booking Holdings CEO.
“We are confident in the long-term growth of leisure travel
and in the opportunities ahead for our company as we continue our work to
deliver a better offering and experience for our supply partners and our travelers.”
This story will be updated following the company’s call with
analysts.