BKNG · Earnings call · 2026Q3T · Full report

Market Demand Trends

Booking Holdings Inc. · 2026-11-03 · Importance 43 · Surprise 32

Management described third-quarter travel demand as resilient, with room nights up 7% year over year, accelerating from 5% growth in the second quarter. Global domestic room nights grew at a high-single-digit rate, while international room nights grew at a mid-single-digit rate; average length of stay increased outside Asia as Asia domestic travel outpaced international travel. Flight tickets increased 19% and attraction tickets increased 24%, both accelerating from the second quarter. Alternative accommodation room-night growth also accelerated across major regions, while management noted moderation in global demand toward the end of the quarter, driven by international travel.

Key facts

• Constant-currency ADRs increased approximately 3% year over year in the third quarter, primarily driven by Europe and also by the U.S. and Asia.
• Booking Holdings saw a slight booking-window expansion in Europe and globally, while the U.S. booking window modestly contracted.
• Third-quarter room nights grew 7%, compared with 5% in the second quarter, driven by improving international travel from bookers in Europe and Asia; domestic room-night growth was stable at a higher level.
• Global domestic room nights grew high single digits and international room nights grew mid-single digits in the third quarter.