Keep pulling the thread on Glenn Fogel.
Booking Holdings' stock price, on a reverse-split-adjusted basis, grew from $6 to nearly $6,000 by the summer of 2023.
Booking Holdings' market capitalization peaked at around $180 billion, up from a few hundred million dollars in its early public history.
Glenn Fogel's vision is for Booking Holdings' companies to offer personalized AI agents that can perform complex travel planning tasks more effectively than a human travel agent.
Glenn Fogel's goal for Booking Holdings' AI systems is to proactively predict travel disruptions before they occur and suggest alternative arrangements to the customer.
In the last full year, Booking Holdings processed $186 billion in travel bookings.
In the last full year, Booking Holdings facilitated over one billion room nights.
The implementation of AI at Booking Holdings has resulted in lower customer service costs per contact and higher customer satisfaction.
Booking Holdings is investing approximately $700 million this year across various areas, including technology enablement and AI development.
Over the last dozen years, Booking Holdings has bought back approximately 40% of its outstanding shares.
In the fourth quarter of the last fiscal year, Booking Holdings bought back $3.6 billion worth of its stock.
Booking Holdings' room nights for alternative accommodations are approximately three-quarters the size of Airbnb's.
For the last five years, Booking Holdings has grown faster than Airbnb in the alternative accommodation sector.