Booking Holdings CEO Glenn Fogel believes he is the right
person to head Booking.com as its new CEO because he knows the strengths of
each of Booking Holdings' brands.
Fogel addressed his new role after an analyst asked about it
on Booking Holdings' Q2 earnings call Wednesday. He officially expanded his
position from Booking Holdings CEO to CEO of flagship brand Booking.com in June.
Former Booking.com CEO Gillian Tans moved into the role of chairwoman.
"One of the benefits that I've had is being part of
bringing all of the different companies into the group, so I know what they do
well," Fogel said. "I know where our strengths are, and I know how
they can work together."
An added benefit, Fogel said, is he knows every brand's
senior management, and can help them work together well.
Booking Holdings reported a 9% increase in revenue in the
second quarter to $3.9 billion. Net income was flat at $979 million.
Gross travel bookings were up 5% to $25 billion. Room nights
booked in the second quarter totaled 213 million, up 2%.