Stock Monitor: Healthcare Services Group Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 23, 2018 / Active-Investors.com has just released a free research report on Booking Holdings Inc. (NASDAQ: BKNG). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BKNG as the Company's latest news hit the wire. On April 19, 2018, the Company announced that it has signed a definitive agreement to acquire FareHarbor. FareHarbor is a local activities and experiences booking software provider which was founded in Hawaii in 2013 and now is headquartered at Denver, Colorado. The financial details and other terms of the acquisition were not shared. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Healthcare Services Group, Inc. (NASDAQ: HCSG), which also belongs to the Services sector as the Company Booking Holdings. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Booking Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Commenting on the acquisition, Gillian Tans, CEO of Booking.com, said:

"Today travel is fueled by technology, yet the local experiences and attractions marketplace is still largely offline. FareHarbor's technology allows local tours and attractions to easily bring their businesses online. We see an immense opportunity to leverage this technology to bring more local experiences online, benefitting the entire global travel ecosystem for both consumers and local businesses by allowing them to connect instantly through a seamless digital experience."

Details of the agreement

As per the terms of the agreement, FareHarbor will be an independently run business of Booking Holdings. The executive management team of FareHarbor will report to the leadership team of Booking.com. The deal has been approved by the Board of Directors as well as the shareholders of FareHarbor. The deal is expected to close within the next few weeks subject to regulatory approvals and fulfilment of the closing conditions.

The Company expects to expand into the lucrative tours and activity segment with this acquisition. As per a research report by Phocuswright, the global travel market research Company, the gross bookings in the tours and activity segment is expected to reach $27 billion in 2020 from $12 billion 2015. The acquisition is in-line with the Company's ambitions of becoming the world's largest digital platform for in-destination experiences.

About FareHarbor

FareHarbor was started in Honolulu, Hawaii in 2013 by co-founder Zachary Hester and his brother Lawrence after they faced challenges in booking activities online during a family vacation to Hawaii. Zachary worked in the business for two years and later created a world-class online reservation system specifically designed to empower tour operators to better serve their customers while increasing online bookings and revenue. At present over 5000+ activity and tourism businesses use FareHarbour's software in the US alone. In March 2017, Phocuswright's Global Activities 2014-2020: Tours and Attractions Come of Age report had recognized FareHarbor as a leading provider of reservation systems to tour and activity operators in US. The Company has five offices in US - Honolulu, San Francisco, Denver, Minneapolis, and Boston and is supported by a team of 200 employees.

About Booking Holdings Inc.

Norwalk, Connecticut-based Booking Holdings is the world's leading provider of online travel and related services. The Company caters to consumers and local partners in more than 220 countries and territories through six primary brands: Booking.com, priceline.com, agoda.com, KAYAK, Rentalcars.com, and OpenTable. It offers over 1.5 million hotels, apartments and other unique places to stay. The Company's operations are spread across Europe, North America, South America, Asia/Pacific, Middle-East, and Africa. The Company's gross bookings was over $81.2 billion in FY17.

Stock Performance Snapshot

April 20, 2018 - At Friday's closing bell, Booking's stock dropped 1.28%, ending the trading session at $2131.37.

Volume traded for the day: 409.17 thousand shares.

Stock performance in the last three-month ? up 11.58%; previous six-month period ? up 9.76%; past twelve-month period ? up 21.06%; and year-to-date - up 22.65%

After last Friday's close, Booking's market cap was at $102.92 billion.

Price to Earnings (P/E) ratio was at 28.45.

The stock is part of the Services sector, categorized under the Business Services industry.

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