Booking.com, mainly active in Europe, has had a hard time financially during the corona pandemic. The corona crisis made international travel almost impossible, so that few reservations were received at this company. Although the travel sector is slowly starting to recover, Europe lagged mainly at the beginning of the year. This is partly due to the fact that vaccination campaigns sometimes got off to a slow start and travel restrictions could not be relaxed as a result.
read more about the commotion surrounding Booking.com’s bonuses
In 2020, Booking.com made use of the NOW support scheme from the Dutch government, and was allocated around 65 million euros. The company decided to refund this amount in full last June after NRC had revealed that the three-member board of Booking Holdings was entitled to bonuses totaling approximately 28 million euros. The bonuses of the regular Booking staff were also not cancelled. The remuneration of the top executives in particular led to angry reactions, including from the House of Representatives.
Booking revenue is growing, but losses are mounting
Source link Booking revenue is growing, but losses are mounting