And we'll stay at that more elevated level because we believe the market is still recovering and there's still potential for share gains for us. in our marketplace so we can't really think of the two together and if you kind of look at it you know versus um 2019 it's a fairly sizable step up but we think that's been a smart investment and a uh a good investment that makes sense at least uh this year we still see recovery in the travel industry and if you remind me again please the second part of your question second part was uh if you could give any detail around summer bookings so far Oh, yeah.
Feb 23, 2023 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2023-02-23 | transcript 3b14a950-e456-48c2-8958-8e4612164a6c | chars 51860-52462 | segment 52
And I hear it anecdotally. I hear it when I talk to CEOs in the industry, what they're seeing, what they're hearing. I think everybody feels that People want to travel, and I don't think I would just see this as just a little bit of an Omicron rebound is what we're seeing. I think what we're seeing is people being able to travel, restrictions are going down, people are feeling safer. There are some new things coming out that will reduce the frictions further in Europe. There's an announcement by the EU Council about wanting to suggest getting rid of some of the restrictions. Those things will help people feel better about travel. And of course, though, there are parts of the world that are still having problems, and eventually those are going to go down too. So I feel good about the demand. I feel good about the future of travel.
Feb 23, 2022 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2022-02-23 | transcript 5c583a3c-e786-40dd-9e99-5d146fe79f85 | chars 44984-45825 | segment 45
On a more positive note, since the US announced in late September plans to ease travel restrictions in November for international travelers who are vaccinated, we've seen a significant improvement in room nights booked by Europeans who travel to the US as well as the reverse.
Nov 3, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-11-03 | transcript d15fe1e3-d71a-4ed5-94cb-63aef2982516 | chars 24838-25114 | segment 25
We expect Q4 marketing expense as percentage of gross bookings increased slightly versus 2019 as we expect to invest in capturing demand and increasing awareness during the continued global recovery of travel demand.
Nov 3, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-11-03 | transcript d15fe1e3-d71a-4ed5-94cb-63aef2982516 | chars 26336-26552 | segment 26
Curious what your view is on how the landscape on both the supply and the demand side might evolve as we move into a post-pandemic world and aim towards summer of 2022, and how you think about making investments on supply to match up the way in which there might be a more normalized travel environment in 2022.
Nov 3, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-11-03 | transcript d15fe1e3-d71a-4ed5-94cb-63aef2982516 | chars 45357-45668 | segment 46
The acceleration in the second quarter was primarily driven by domestic and international booking trends in Europe, following a ramp-up in vaccination rates and the relaxation of many travel restrictions in the region.
Aug 4, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-08-04 | transcript bb5eb41f-2dec-469a-a857-2ae5ac52a0f8 | chars 2278-2496 | segment 2
We are, of course, closely monitoring the impact of the Delta variant on the rising COVID case counts around the world, as well as some newly imposed travel restrictions which have led to a modest pullback in our booking trends in the month of July relative to June.
Aug 4, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-08-04 | transcript bb5eb41f-2dec-469a-a857-2ae5ac52a0f8 | chars 2908-3174 | segment 2
The sharp return to growth initially in the U.S. and then the European markets that we have witnessed this year shows us clearly that leisure travelers are eager to get back to booking trips on our platform when restrictions are lifted and customers are able to travel.
Aug 4, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-08-04 | transcript bb5eb41f-2dec-469a-a857-2ae5ac52a0f8 | chars 3483-3752 | segment 3
We expect marketing expenses in Q3 will decline several points less than gross bookings as we expect to invest in capturing demand and increasing awareness during the peak travel season and ahead of the continued global recovery of travel demand.
Aug 4, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-08-04 | transcript bb5eb41f-2dec-469a-a857-2ae5ac52a0f8 | chars 25272-25518 | segment 25
We continue to believe it will be years, not quarters, before we see a full recovery of the travel market, especially international travel. Looking beyond 2021, we continue to look forward to being a larger business with more diverse offerings and with more earnings than we had prior to COVID.
May 5, 2021 / CEO / receipt, needs a key / Glenn Fogel, CEO | earnings call 2021-05-05 | transcript de90b7de-cbb6-4a43-af63-ca09e0519d9c | chars 25057-25351 | segment 25