Booking.com cuts workforce by thousands as travel atrophies

Booking.com cuts workforce by thousands as travel atrophies

Booking.com cuts workforce by thousands as travel atrophies

Booking.com is laying off a quarter of its workforce — more than 4,000 people — with the global pandemic snuffing out travel.

Layoffs will begin next month and run through the end of the year, according to parent company Booking Holdings Inc.

Booking Holdings, based in Norwalk, Connecticut, also owns the restaurant reservation company OpenTable and Priceline.com.

The number of room reserved at Booking.com during the first quarter of this year tumbled 43%, to 124 million.

The company warned investors in May to brace for worse in the second financial quarter, the results of which are due Thursday.

Booking.com, based in Amsterdam, is a dominant player in Europe, where it controls more than 60% of online travel bookings, according to a 2018 report from Hospitality Europe. But bookings have plummeted as travel from major markets like the U.S. and China has slowed significantly.

The number of people passing through U.S. airport checkpoints is running about 70% lower than a year ago, according to figures from the Transportation Security Administration. Travel plunged about 95% by mid-April, then rose steadily until levelling off throughout July. More than 700,000 people were screened each of the last five days, through Monday, the first time that has happened since mid-March.

The World Tourism Organization, an agency of the United Nations, said late last month that there was a 56% drop in tourist arrivals between January and May. That’s about 300 million people, and $320 billion in lost international tourism receipts.

Booking.com has 17,500 employees and more than 200 offices worldwide.

Dee-Ann Durbin, The Associated Press

Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Whether the Town of Ponoka gets enough ‘bang for its buck’ under its Alberta Urban Municipalities Association (AUMA) membership was discussed during town council March 26.
File photo
Town of Ponoka appoints Sandra Lund as CAO

Ponoka town council voted unanimously at its regular meeting on Jan.12 to… Continue reading

Kelowna RCMP Stock Image.
Ponoka RCMP respond to several B&E’s

Calls include complaint of a spray painted garage

Black Press file photo
Maskwacis male charged with 2nd degree murder

18-year-old Kaydence Clark Roasting of Ermineskin Cree Nation was arrested at his residence.

Alberta has 3,651 active cases of COVID-19.  (File photo)
750 new COVID-19 cases identified in Alberta Sunday

Central zone currently has 1,182 active cases of the virus

A scene from “Canada and the Gulf War: In their own words,” a video by The Memory Project, a program of Historica Canada, is shown in this undated illustration. THE CANADIAN PRESS/HO - Historica Canada
New video marks Canada’s contributions to first Gulf War on 30th anniversary

Veterans Affairs Canada says around 4,500 Canadian military personnel served during the war

Lacombe is looking at its options for reclaiming sewage lagoons that are no longer needed. Vesta Energy Ltd. has signed a deal to use three lagoons to store water for fracking.
Map from City of Lacombe
Energy company to use former Lacombe sewage lagoons to store water for fracking

Vesta Energy Ltd. will pay Lacombe more than $100,000 a year in 20-year deal

Alberta Chief Medical Officer of Health Dr. Deena Hinshaw said on Monday that11 more people had died from COVID-19, bringing the province’s death toll to 1,447. (Photography by Chris Schwarz/Government of Alberta)
Eleven more Albertans die from COVID-19

There were 739 people in hospital, 120 in ICU on Monday

World Juniors’ referee Mike Langin makes a called during the Canada vs. Slovakia at the 2021 World Junior Championship at Rogers Place in Edmonton, Dec. 27, 2020. (Photo by Matthew Murnaghan/Hockey Canada)
Former Sylvan Lake man lives his dream at World Junior Championships

Mike Langin was one the 25 Canadian officials who worked during the tournament

The Mountain Cree Traditional Band headquarters in Mirror, Alta. has been the target of theft and vandalism. (Photo submitted)
Mountain Cree Traditional Band’s headquarters broken into five times

AWNTB says not enough been done to deter crime in Mirror, Alta.

Indigenous people gather for a ceremony for Cindy Gladue held at the courthouse in Edmonton, Alta, on Wednesday, January 13, 2021. Bradley Barton, a 52-year-old long-haul truck driver from Ontario on trial for manslaughter, is accused of killing Gladue. THE CANADIAN PRESS/Jason Franson
People stand in support of mother as new trial gets underway in death of Cindy Gladue

Bradley Barton, a long-haul truck driver from Ontario, will now be tried for manslaughter in the 2011 death

(Photo submitted)
RCMP say ice climber seriously injured after reportedly falling 12 metres near Abraham Lake

Police say man’s injuries were serious but not life-threatening

U.S. military units march in front of the Capitol, Monday, Jan. 18, 2021 in Washington, as they rehearse for President-elect Joe Biden’s inauguration ceremony, which will be held at the Capitol on Wednesday. (AP Photo/J. Scott Applewhite)
Biden aims for unifying speech at daunting moment for U.S.

President Donald Trump won’t be there to hear it

Facebook/ The Open Door 24/7 Integrated Response Hub- Wetaskiwin.
Wetaskiwin residents show support for 24/7 Integrated Response Hub

Wetaskiwin residents and City Council members showed support for Hub with positive signs.

Most Read