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Booking.com Ends ‘Possibly Misleading' Sustainability Program [Yahoo! Finance]

Booking Holdings Inc. (BKNG)  More Company Research Source: Yahoo! Finance
Last booking holdings inc. earnings: 2/26 04:04 pm Check Earnings Report
Booking's program was called “Travel Sustainable” and designated properties with scores between 1 and 3+ as well as green leaves badges. On March 25, the Netherlands Authority for Consumers and Markets said the program “was a possibly misleading sustainability claim.” Booking.com is headquartered in Amsterdam. “It implies that traveling and staying at one of the program-affiliated accommodations are sustainable, even though this is incorrect,” the regulator found. “The use of the green leaf reinforces this implication.” The consumer authority found that the program gave a “distorted” view of hotels that Booking didn't provide with green leaves designations because these properties might be carrying out sustainable practices that weren't recognized. The Travel Sustainable program didn't clearly state the basis of the scores and erroneously credited properties with measures, such as not using single-use plastics, that were already required under European Union law, the regulator [Read more]
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Stockreport

Booking.com Ends ‘Possibly Misleading' Sustainability Program [Yahoo! Finance]

Booking Holdings Inc.  (BKNG) 
More Company Research Source: Yahoo! Finance
Last booking holdings inc. earnings: 2/26 04:04 pm Check Earnings Report
Booking's program was called “Travel Sustainable” and designated properties with scores between 1 and 3+ as well as green leaves badges. On March 25, the Netherlands Authority for Consumers and Markets said the program “was a possibly misleading sustainability claim.” Booking.com is headquartered in Amsterdam. “It implies that traveling and staying at one of the program-affiliated accommodations are sustainable, even though this is incorrect,” the regulator found. “The use of the green leaf reinforces this implication.” The consumer authority found that the program gave a “distorted” view of hotels that Booking didn't provide with green leaves designations because these properties might be carrying out sustainable practices that weren't recognized. The Travel Sustainable program didn't clearly state the basis of the scores and erroneously credited properties with measures, such as not using single-use plastics, that were already required under European Union law, the regulator [Read more]
IMPACT SNAPSHOT
EVENT TIME:
BKNG
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS