BKNG Stock – Booking Holdings CEO backs vaccine passports, says travel is safer | Instant News
As more people become immune to the coronavirus, so-called vaccine passports are believed to make travel safer for people, according to Glenn Fogel, CEO of travel company Booking Holdings. “I don’t know why people are still against it, in terms of making travel safer for people,” Fogel said in an interview on CNBC’s “The Exchange.” The Biden administration has indicated that it wanted to set up a system for documenting a person’s immunization status, which could help to make it easier to tell who is protected against the virus and who is not, but it is not clear how this is done. Several airlines have also expressed support for documenting vaccinations. However, there are criticisms of vaccine passports for a number of reasons, ranging from confidentiality concerns to scientific reasons to issues of fairness. at a “low risk” of travel. Fogel said he would like to see vaccinated people start traveling again. “The industry has been so devastated, travel has been so affected by this terrible and tragic cry e, and we need anything that can help [the travel industry] goes and allows people to travel, because [the vaccines] are absolutely safe. “Booking Holdings owns brands such as Kayak, Agoda, Booking.com, Priceline.com and OpenTable.” The idea of a Covid passport that says you are fully vaccinated [means] you’re a safe traveler, you can go places other people might not be allowed to go, “Fogel said. On Monday, the company offered a $ 50 post-travel credit to travelers who book a travel by the end of May and travel by the end of the year. The company also offers increased flexibility to cancel travel plans if necessary. The promotion aims to entice people to start booking travel arrangements. ‘summer. “We are seeing that prices are starting to increase as well, which of course is supporting demand, which is why I continue to advocate [people to] go out, watch what you want, go get it now, ”Fogel said. Rising vaccination rates will also help. Since the distribution of the coronavirus vaccine began in December, more than 165 million doses have been given to people in the United States, according to For now, Americans may be more comfortable traveling to the United States. United due to various Covid restrictions, he said. According to a Booking.com survey, 69% of people said they would prefer to travel closer to home for the foreseeable future. “There won’t be a lot of international travel,” he said. “When it comes to people who stay close to home, there is definitely still that feeling of uncertainty and wanting to be close to home, but I think it’s going to spread. And as people feel more safe to travel, they will start leaving for longer trips. ”Booking Holdings’ stock closed on Monday up 1.1% at $ 2,409.18.