Decoder with Nilay Patel

Booking CEO Glenn Fogel wants you to take out your travel frustrations on AI chatbots

21 snips
Aug 5, 2024
Glenn Fogel, CEO of Booking Holdings, shares insights on the travel industry, emphasizing the challenges post-pandemic and the competition from both hotels and airlines. He discusses how Booking.com is adapting to AI, aiming to enhance customer interactions while maintaining a personal touch. Fogel also addresses the complex regulatory landscape affecting competitive practices, particularly the influence of tech giants like Google. The conversation highlights the evolution towards data-driven decision-making, showcasing how AI could reshape travel experiences.
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INSIGHT

Booking Holdings' Structure

  • Booking Holdings owns various travel brands like Booking.com, Kayak, Priceline, and OpenTable.
  • Booking.com contributes approximately 90% of the company's total profits.
INSIGHT

Booking Holdings' Role

  • Booking Holdings doesn't operate hotels, airlines, or restaurants.
  • Instead, it focuses on organizing travel information and providing a seamless booking experience.
INSIGHT

Customer Relationships

  • Booking Holdings aims to build customer relationships through superior service, not ownership.
  • It leverages data from various travel verticals to personalize services and encourage customer loyalty.
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