Sustainability Overview - Booking Holdings (2024)

Our Commitments

The travel industry acts as a powerful driver of global economics as well as a pathway to shared knowledge, culture, and experience. However, travel also comes with significant sustainability-related risks and impacts. The need for greater awareness and action is therefore inextricably tied to the long-term viability of our industry, and we remain focused on contributing to sustainable development within our business and beyond. Our strategy builds on three commitments:

1

To operate our business more sustainably and build a culture of sustainability.

2

To make it easier for travelers to make more sustainable travel choices.

3

To catalyze sustainable travel growth through external collaboration.

Sustainability Overview - Booking Holdings (1)

Kate Heiny

VICE PRESIDENT, SUSTAINABILITY

“In addition to reducing our own impact, we recognize the critical need for continued work with peers and partners to create a more sustainable travel ecosystem, leveraging our capacity to touch the journeys of millions of travelers each year.”

2023 Sustainability Report

Our commitments have an impact on the following areas:

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1

Planet

Our planet is our home and also our destination. We aim to help protect and preserve it in order to honor our customers and our mission.

The travel and technology sectors produce a substantial amount of greenhouse gas (GHG) emissions, which are the number one driver of human-caused climate change, disrupting communities and ecosystems worldwide. While change must happen together, we will not set a higher bar for our partners or our customers than for ourselves. We want to lead the way and are committed to honoring the Glasgow Declaration on Climate Action in Tourism1 and the goals laid out in the Paris Agreement. Read more in our Climate Action Plan.

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Our 2040 Net-Zero Target

We aim to achieve net-zero emissions by 2040, a full decade ahead of the goals set out in the Paris Agreement. This means reducing our absolute Scope 1 & 2 emissions by 95% against a 2019 baseline by the end of 2030 and maintain this reduction through 2040. We also commit to reduce our absolute Scope 3 emissions by 50% against a 2019 baseline by the end of 2030 and reduce 90% by 2040. These goals have been validated by the Science Based Targets initiative.2

Climate Action Plan (PDF)

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2

People & Communities

People are the foundation of our business. In return, we do our best to continuously support them, gathering feedback and raising the bar along the way.

We strive to provide empowering and inclusive work environments through a continued focus on the well-being of our employees. This includes efforts related to diversity, equity, and inclusion (DEI) as well as employee engagement, talent management, and recognizing and rewarding that talent. As a foundation, we support and respect international human rights standards and work to address adverse human rights impacts of our business.

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Diversity, Equity, & Inclusion

Our goal is to create workplaces and ways of working that advance and celebrate DEI. This not only aims to provide a safe working environment but one that benefits from diverse perspectives, allowing for a more holistic approach to business decision-making. Our commitment to diversity, equity, and inclusion means honoring all experiences, valuing all voices, and leading with empathy.

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Employee Well-being

The health, safety, and well-being of our employees is of the utmost importance. Well-being is more than just mental health, and at Booking Holdings, our inclusive approach recognizes that well-being looks different based on identity and background.

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Continuous Learning

Booking Holdings is a community of passionate learners, and we maintain a skills-centric and knowledge-sharing culture to encourage lifelong learning. We believe investing in people is a key element in our commitment to social responsibility and building a culture of sustainability within our business.

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Community Engagement

Booking Holdings gives back to communities by supporting local initiatives with time, knowledge, and funding. In doing so, we build stronger relationships with communities, engage employees, and inspire travelers to make a positive difference.

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3

Travel

By helping to create and promote more sustainable travel options, we can meaningfully contribute to the preservation of a world worth experiencing.

More sustainable travel can empower marginalized communities, broaden horizons, preserve cultural heritage, and rejuvenate our travel ecosystem. Crucially, it can help make certain that the planet, its people, communities, habitats, and wildlife can thrive today and into the future. Through product innovation, partner support, and industry collaboration, Booking Holdings and our brands have committed to making more sustainable travel easier for millions of customers worldwide.

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Accommodation & Transportation

By 2027, over 50% of our bookings will be made on more sustainable offerings across our platforms. Helping to create and promote more sustainable travel options is one of our biggest levers for change. We want our partners to be able to showcase their efforts via our platforms, and our customers to have consistent, credible ways of understanding the impact of their travel and clear pathways to more mindful decision-making. To this end, we work continuously with our partners to increase awareness, provide education, and increase and optimize their sustainability efforts.

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Collaborating and Advocating for a More Sustainable Industry

Our goal is to identify and co-create innovative solutions for more sustainable travel through advocacy, investments, and partnerships. We advocate for industry developments and address sustainability challenges by participating in various trade associations and partnering with other travel and technology organizations on a range of initiatives.

FOOTNOTES
1. The Glasgow Declaration on Climate Action in Tourism is led by UN Tourism in collaboration with the Travel Foundation and aligns tourism stakeholders with the climate goals set out in the Paris Agreement.
2. The Science-Based Targets initiative (SBTi) defines and promotes best practices in science-based target setting for emissions reductions.

Sustainability Overview - Booking Holdings (2024)

FAQs

What is the vision statement of Booking Holdings? ›

We believe that by making it easier for everyone to experience the world, we are doing our part to make humanity better. We will always strive to do the right thing and will achieve success with integrity and accountability. RELENTLESS INNOVATION.

What kind of company is Booking Holdings? ›

Booking Holdings is the world's leading provider of online travel & related services.

What is the adjusted Ebitda for Booking Holdings? ›

Adjusted EBITDA was $1.9 billion , an increase of 7% from the prior-year quarter.

How many employees does Booking Holdings have? ›

As the world's leading provider of online travel and related services, and with more than 20,000 employees across the globe, our working environment is fast-paced, forward-thinking and collaborative.

What is the mission of booking? ›

(NASDAQ: BKNG), Booking.com's mission is to make it easier for everyone to experience the world.

What are booking.com values? ›

Our values in action

One of our values is to do the right thing, for each other and for communities around the world. As we promote our mission, we also want to do right by protecting our planet and the people who live in it, from helping our neighbours to promoting environmentally-conscious travel.

What is the outlook for bookings holdings? ›

Based on 24 Wall Street analysts offering 12 month price targets for Booking Holdings in the last 3 months. The average price target is $4,184.09 with a high forecast of $4,700.00 and a low forecast of $3,750.00. The average price target represents a 25.72% change from the last price of $3,328.13.

Is booking holding overvalued? ›

Compared to the current market price of 3 417.08 USD, Booking Holdings Inc is Undervalued by 8%. What is intrinsic value? Booking Holdings Inc's market capitalization is 114.9B USD.

Where does Booking Holdings rank on the fortune? ›

The company is ranked 243rd on the Fortune 500 list of the largest United States corporations by revenue.

What is the rule of 40 in EBITDA? ›

The Rule of 40 – popularized by Brad Feld – states that an SaaS company's revenue growth rate plus profit margin should be equal to or exceed 40%. The Rule of 40 equation is the sum of the recurring revenue growth rate (%) and EBITDA margin (%).

What is the current ratio for booking holdings? ›

Compare BKNG With Other Stocks
Booking Holdings Current Ratio Historical Data
DateCurrent AssetsCurrent Ratio
2022-06-30$14.92B1.45
2022-03-31$12.88B1.72
2021-12-31$13.15B2.11
59 more rows

What is the EBIT for booking holdings? ›

Booking Holdings 2023 annual EBIT was $5.835B, a 14.37% increase from 2022. Booking Holdings 2022 annual EBIT was $5.102B, a 104.41% increase from 2021. Booking Holdings 2021 annual EBIT was $2.496B, a 495.56% decline from 2020.

Who is the CEO of booking holdings? ›

Glenn D. Fogel is Booking.com's Chief Executive Officer, responsible for the company's global strategy and operations, including the management of all business units within the organization.

Why buy booking holdings? ›

Valuation metrics show that Booking Holdings Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of BKNG, demonstrate its potential to outperform the market.

How does booking make money? ›

Booking.com works with a commission-based model, which means you pay us a set percentage on each reservation you get through our platform. We've structured our commission with a few details in mind: Our commission structure is based on the idea that the price you set is the price guests should pay.

What is a company's vision statement? ›

A vision statement outlines the company's long-term goals and aspirations for the future in terms of its long-term growth and impact on the world. Your mission defines what your organization does and what you stand for, while your vision statement speaks to your goals and ideals for the future.

What is a vision statement in real estate? ›

A vision and mission statement is a powerful tool to define and communicate your Real Estate team's purpose, values, and goals.

What is the mission and vision of Expedia? ›

Our mission is to power global travel for everyone, everywhere. We are in a unique position to change the world of travel for the better.

What is an example of an airline vision statement? ›

Southwest Airlines

Southwest Airline's vision statement is “To be the world's most loved, most efficient, and most profitable airline.”

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