VACCINE ROLLOUT CONTINUES IN
THE GLOBAL ECONOMY CONTINUES
TO REOPEN ONLINE TRAVEL
PLATFORM, BOOKING HOLDINGS
WHICH OPERATES KAYAK DOT COM
HAS BEEN AMONG THE MAJOR
BENEFICIARIES SCORING BEATS ON
THE TOP AND BOTTOM LINES IN ITS
LATEST
EARNINGS REPORT. OUT THIS WEEK
JOINING ME NOW IS THAT FOGLE
CEO OF BOOKING HOLDINGS A GLEN
GOOD TO SEE YOU THANKS FOR
COMING ON THE SHOW. WHAT ARE
THE BIGGEST TAKE AWAYS
INVESTORS SHOULD HAVE FOLLOWING
YOUR COMPANY'S RESULTS.
>> WELL THANKS FOR HAVING YOU
KNOW, WE'RE VERY HAPPY TO
BE OVER AT LEAST THOSE NUMBERS
LAST NIGHT REALLY A GOOD HIGH
SEASON, NOT PERIOD. IT'S WHEN
PEOPLE THROUGHOUT THE SUMMER IS
GREAT TO GET A GOOD SHARE OF
THAT IT'S REALLY JUST HELPS US
ALL FEEL THAT
THINGS ARE COMING BACK, YES,
THE PANDEMIC HOW OUR BILL HAS
BEEN FOR ALL OF US, BUT
NICE TO SEE THAT THERE'S
PROBABLY MIGHT BE IN THAT I
DON'T KNOW A LOT OF PARTS THAT
WORLD ARE GETTING BETTER SO
IT'S JUST HOW MUCH.
>> IT HAS DEMAND PICKED UP.
>> WE'LL USE OUR I MEAN
WE HAVE ARE YOU KNOW YOU WANT
TO DOUBLE THE PREVIOUS QUARTER
IS REALLY GOOD
NUMBERS STAND NOTHING THAT WE
ALWAYS WANT TO KNOW OK THAT'S
GREAT FOR THE
LAST SEAT, THE CORONER PARTIES
GOING DOWN WITH OUR HE'S GOING
TO BE IN TWENTY-TWENTY TO MASK
WHAT EVERYBODY WANTS TO KNOW
AND THE 2 COMBATANTS KNOW WE
REALLY
BILLS NOW YOU KNOW IT'S BEEN
GOING ON AT THE TRENDS EVENT
BUT WE ALSO KNOW THAT THIS
VIRUS CAN SURPRISE US
SOMETIMES THERE CAN BE A HOT
SPOT SOMEWHERE WE MENTIONED
THERE ARE SOME REALLY GOOD
MONTH AND IN SEPTEMBER. NUMBER
WAS IT BUT THEN WE ALSO MENTION
THAT WE ARE SEEING SOME AREAS
YOUR MONEY
YOU KNOW, RUSSIA WHERE THE VOTE
RECOUNT IS NOT AND SO YEAH WE
OFTEN TALK
ABOUT THAT I MEAN IS IT GOING
TO BE UPS AND DOWNS YOU KNOW
LONG AGO WE'RE GOING TO GET
OUR QUESTION.
>> I WILL MONDAY'S A BIG DAY
NOVEMBER ACE AT THE U.S.
LIFTING
TRAVEL RESTRICTIONS ON
INTERNATIONAL TRAVELERS COMING
HERE TO THE U.S. AS LONG AS
THEY DO SHOW PROOF OF
VACCINATION I KNOW THAT TIMING
DOES LINE UP WITH SOME OF THESE
RISING COVID CASES GLENN AS YOU
NOTED IN EUROPEAN COUNTRIES
LIKE GERMANY AND ITALY FOR
INSTANCE, HOW IS THAT LIST ON
NOVEMBER 8TH EXPECTED TO IMPACT
YOUR COMPANY.
>> WELL, I DON'T THINK IT
REALLY REAL IMPACT THAT PEOPLE
COMING TO THE U.S.. I DON'T
THINK THAT I KNOW BECAUSE AS
YOU MENTIONED PEOPLE COMING TO
THE U.S. ARE ACTIVATED, YOU
KNOW IT WAS A LITTLE
DISAPPOINTING HOW LONG IT TOOK
FOR THE ADMINISTRATION TO ALLOW
INTERNATIONAL TRAVELERS TO COME
TO THE U.S. KNOW IF YOU'RE SAFE
TRAVELERS AND THEIR BACKS AND I
SAW NO REASON WHY WOULD LET
THEM THANKFULLY NOVEMBER 8 THAT
WILL BE COMING IN. WE'RE GLAD
TO BE ABLE TO HELP HELP THEM
GET HERE TO ME AS THOUGH WE
KNOW THAT ROCKED THE WORLD WE
CAN ALL GET THERE'S SO MUCH
FASTER EVERYBODY'S GET
VACCINATED YOU KNOW HERE WE ARE
GHOST OUT SOME PARTS OF THE
PROBLEM HIGHER.
VIRUS INFECTIONS IS BECAUSE
THIS IS NOT
ABOUT VACCINATION I UNDERSTAND
IT'S BECAUSE THE VACCINE HASN'T
GOTTEN THERE THEY'RE IN TROUBLE
ROLLING OUT THAT'S
ONE THING WHEN PEOPLE ARE
TAKE ACTION. THAT'S THE HERE
AND SAY FOR ALL OF US SOME
DISAPPOINTMENT.
>> WE'VE HAD A VARIETY OF
COMPANIES ON THIS SHOW TALK
ABOUT GENERAL TRENDS THAT
THEY'RE SEEN THAT THE U.S.
EUROPEAN COUNTRIES THEY'RE
STARTING
TO REBOUND. MATCH GROUP
ACTUALLY A DATING APP
HIGHLIGHTED THIS IN ITS LATEST
EARNINGS REPORT IN THE
PAST WEEK. BUT THAT THE
BUSINESS IN ASIA IS SLOW TO
RECOVER DELTA AIRLINES ALSO
NOTING THAT ASIA
FLYING TO AND FROM CHINA FOR
INSTANCE REALLY A STRUGGLE TO
PICK UP YOUR BUSINESS IS AN
INTERN NATIONAL ONE,
WHAT IS THE ACTIVITY THAT
YOU'RE SEEING WHEN IT COMES TO
TRAVEL IN ASIA.
>> YEAH ASIA HAS BEEN
A LAGGARD I PART OF THE REASON
WAS THEY WERE NOT THAT BAD
SEEDS QUICKLY AS OTHER PARTS OF
THE WORLD. BUT WE WERE HAPPY TO
SEE THAT HAS BEEN GOING UP IN
AGE AND
VERY RECENT MY NECK IS BECAUSE
MORE VACCINES BEING PUT TO
PEOPLE'S ARMS. THAT'S
REALLY GOOD. SOME PLACES GIVING
UP SOME OF THE RESTRICTIONS
EXAMPLE BANGKOK RECENTLY IT
TAKE MAKING IT EASIER FOR
PEOPLE TO NOT GO TO
THE BANGKOK. IT'S OBVIOUSLY UPS
AND DOWNS THROUGHOUT CHINA AS
YOU MENTIONED DEFINITELY UP
0 COVID THAT'S A REALLY TOUGH
STRICT REALLY FAST FORTUNATELY
FOR US NOT TO BE PART OF OUR
BUSINESS NEVER
HAS BEEN. SO WE'RE NOT REALLY
BE IMPACT BY THAT BUT I AM
LOOKING FORWARD TO EGYPT
COMING. IT'S IMPORTANT FOR OUR
BUSINESS TO HAVE
A LOT INTERNATIONAL MICE
INTERNATIONAL. I ALSO INCLUDE
THE LONG HAUL.
>> WE'VE ALL SEEN PRICES RISE
ON EVERYTHING FROM OUR GROCERY
BILLS FOR TRANSPORTATION CAUSED
AND CERTAINLY TRAVEL IN THAT
CATEGORY AS
GLENN WITH A FORWARD LOOKING
VIEW HOW LONG ARE THESE PRICES
GOING TO STAY ELEVATED.
HOW LONG ARE THEY GOING TO
CONTINUE TO RISE AND WHEN WE
FINALLY START TO SEE THEM EAT
EASE A BIT FOR ANYONE WHO DOES
WANT TO GET OUT THERE AND
TRAVEL.
>> I DON'T KNOW IF WE'RE GOING
TO SEE THAT BECAUSE RIGHT NOW
YOU LOOK AT SOME OF THE HOTELS
YOU LOOK AT IT
AROUND THE WORLD YOU SEE
OCCUPANCY RATES ARE STILL NOT
UP TO WHERE THEY WERE
IN 20 19 YET THEY ARE ABLE TO
PUSH THOSE HIGHER PRICES DOWN
PEOPLE ARE BUYING IT. SO THAT
COULD LAST FOR A
LONG TIME. THE AIR INDUSTRY
YEAR SEEMS THE ALAMO TRACTORS
ARE UP THERE AND IT'S YOU KNOW,
I KNOW HOW FAST WE'RE GOING TO
GET MORE FULLY YOU INCREASE THE
FLEET TO BE ABLE TO RIGHT WHAT
SUPPLY THAT MAY HELP IN TERMS
OF PRICING. I'M SURE MY ADVICE
TO EVERYBODY WHEN YOU'RE
TRAVELING WITH GIFTS.
>> WELL NOW DON'T WAIT
BECAUSE OF I SAID NO ON ONE OF
THE GREAT THINGS THAT ARCED
SIDE OF COURSE IS THAT OURS HAS
ON ON THE FLEXIBILITY SO PEOPLE
CAN BOOK AND IF FOR SOME REASON
YOU CAN'T DO IT YOU CAN SO YOU
CAN GET YOUR MONEY AND THAT'S
REALLY IMPORTANT FIGURE BECAUSE
WE DON'T KNOW WHEN A HOT SPOT 2
BACK
TO YOU. WE ARE OFF TO SOME
PLACE THAT YOU DON'T WANT
TO GO.
>> PRICES CERTAINLY ELEVATED
FOR THIS HOLIDAY TRAVEL SEASON
AND JUST WITHIN THE PAST MONTH
WE'VE SEEN AIRLINES FROM
AMERICAN AIRLINES MOST RECENTLY
TO SOUTHWEST SEVERAL WEEKS AGO
HAVE TO CANCEL COLLECTIVELY
THOUSANDS OF FLIGHTS.
WHAT SHOULD TRAVELERS BE
PREPARED FOR THIS HOLIDAY
SEASON AND HOW IS YOUR COMPANY
PREPARING FOR THE HOLIDAYS
WHERE YOUR OWN AT SPECHT
HAITIANS. THIS HOLIDAY TRAVEL
SEASON.
>> WELL YEAH IT WAS
DISAPPOINTING THAT WE HAVE WITH
AMERICAN AIRLINES AND IF YOU'RE
NOT ANYBODY EACH YEAR IS
THAT JUST NOT ENOUGH SUPPLY TO
THE CREW. SO YOU END UP WITH A
WEATHER EVENT.
>> AND YOUR CREWS HAVE DECISION
IT'S A PROBLEM AND THIS I THINK
IT'S GOING GO ON FOR SOME TIME
TO GO.
>> YOU KNOW IT'S EASY TO SHUT
DOWN THINGS ARE EASY TO PUT
YOUR PARK AIRPLANES AND LAYOFF
PILOT, NOT QUITE AS EASY
TO GET.
>> COME BACK THAT'S A LITTLE
BIT MORE DIFFICULT THAT'S GOING
TO BE A LIMITED TIME MY
EDUCATION FOR THE HOLIDAYS,
THIS IS GOING TO BE PROUD.
>> AND YOU KNOW WITH THE WAY
THE ON THE REGULATIONS AND
EVERYTHING THINGS ARE GOING TO
BE A LITTLE SLOWER, I WOULD
ABSOLUTELY EVERYBODY TO GIVE
YOURSELF MORE TIME YOU GO TO
THE AIRPORT YOURSELF OR TIME
DON'T
>> HE YOURSELF CALM, YOU KNOW
WE'VE SEEN TOO MANY INSTANCES
WHETHER IT BE AN AIRPORT OR
AIRLINE AIR. YOU REALLY A
PROBLEM FOR PEOPLE GETTING
THAT'S NOT THERE ARE SOME
ISSUES IN
THE AIR AND HAVING PROBLEMATIC
WHICH I KNOW THAT THE
GOVERNMENT PEOPLE LOOK AT SO
CROWDED WAS HE NOT.
>> I CARE PATIENTS RIGHT THAT
WAS I THINK THE SAME THIS
SUMMER WE CAN SAY PACK YOUR