Booking reports higher quarterly profit on international travel demand – SRN News

Booking reports higher quarterly profit on international travel demand

(Refiles to fix dateline)

(Reuters) -Booking Holdings reported higher first-quarter profit on Thursday, as strong demand for international travel offset moderating leisure travel demand in the U.S.

International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American destinations, while demand for domestic travel in North America plateaus.

The Norwalk, Connecticut-based company reported a quarterly adjusted profit of $20.39 per share, compared with $11.60 per share last year.

Total quarterly revenue was $4.41 billion, up 17% from a year earlier.

(Reporting by Aishwarya Jain; Editing by Pooja Desai)