Online travel giant Booking Holdings reported a strong quarter with gross bookings jumping 16% and room nights climbing 9%. The surge in travel reservations signals continued recovery in the tourism sector as consumers resume leisure and business trips worldwide.

The company, which operates Booking.com, Kayak, and Priceline, attributed the growth to pent-up demand and easing travel restrictions. Room nights serve as a key performance indicator for online travel agencies, measuring the total number of hotel stays booked through their platforms.

This performance outpaces many competitors in the online travel space, suggesting Booking Holdings is capturing market share as the industry rebounds. The results reflect broader trends in travel recovery, with consumers increasingly comfortable booking trips for both domestic and international destinations.