Booking Holdings Inc. made $11.0 billion in revenue for 2021
On February 23, 2022, Booking Holdings Inc. reported its 2021 financials where it had made $11.0 billion in the year which is 61% more than what it made from 2020. The company's higher returns can be attributed to the economy opening up again as the company has seen increased demand throughout the year with more clients traveling again in general. The 2020 year alone has seen the company's revenue decline significantly due to the COVID-19 (coronavirus) pandemic shutting down travel which also explains why the jump from 2021 seems more exponential.
COVID|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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