Travel Site CEO: Travel Won't Be Back Until Vaccine Is Available
- 4 years ago
Booking Holdings owns brands including Kayak and Booking.com.
Business Insider reports it saw the worst effects of the pandemic in the second quarter.
It reported gross bookings fell 91%.
During an earnings call CEO Glenn Fogel said a vaccine or effective treatment will be necessary for business to return to normal.
The company said it's expecting a high level of uncertainty for the next several quarters.
It's unclear how comfortable people will be to travel as the pandemic rages forward.
Business Insider reports it saw the worst effects of the pandemic in the second quarter.
It reported gross bookings fell 91%.
During an earnings call CEO Glenn Fogel said a vaccine or effective treatment will be necessary for business to return to normal.
The company said it's expecting a high level of uncertainty for the next several quarters.
It's unclear how comfortable people will be to travel as the pandemic rages forward.
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