Authorization

Post 9/11 proved even the most wary of Americans would travel again. Here's why Booking Holdings' CEO believes the same will happen after COVID-19

Post 9/11 proved even the most wary of Americans would travel again. Here's why Booking Holdings' CEO believes the same will happen after COVID-19

A general view of the departure hall of Terminal 1 at JFK airport on May 15, 2020.
Lev Radin/Pacific Press/LightRocket via Getty Images




The travel industry has been decimated by safety concerns amid the coronavirus pandemic, as consumers stay put at home.




Glenn Fogel, CEO of Booking Holdings, said comparing the COVID-19 with the industry's struggles post-9/11 is a "good analogy."




He believes that new safety protocols being put in place today will eventually lead to a rebirth of travel over time, like it did after 9/11.




Visit Business Insider's homepage for more stories.


The travel industry has been battered by the coronavirus pandemic. Even as stay-at-home orders are lifted, travel activity remains at depressed levels with people continuing to worry about safety and opting to stay put.In August, Booking Holdings a?? which owns Kayak, Booking.com, Priceline, Rentalcars.com, OpenTable, and Agoda a?? reported that gross bookings fell by 91% in the second quarter. Revenue additionally fell 84% from the same period last year to $630 million. Glenn Fogel, the company's CEO, has worked at Booking Holdings in various capacities for almost 21 years.In a recent interview with Business Insider, he said looking at how travel fared after the terrorist attacks of September 11, 2001 is "a good analogy for today."
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2020    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031