(AOF) – Booking is expected to fall by more than 8% in pre-market on Wall Street despite better-than-expected results for the fourth quarter. Adjusted earnings per share came to $32, up 29% year-on-year, compared to a consensus of $29.86. Revenue rose 18% to $4.8 billion, compared to a consensus of $4.71 billion. What’s more, the group announces the introduction of a quarterly dividend of $8.75. According to Jefferies, it is the 2024 outlook that disappoints, with growth in reservations expected between 4 and 6%.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.