Booking Holdings Is Compensating Hosts and Partners for Payments Failure
The problem surfaced in late Summer — Booking.com's short-term rental hosts in Europe, Asia-Pacific and Latin America cited financial hardships because the company wasn't paying them for guest stays.
A condo hotel that was listed on Booking.com. Source: Booking.com
CEO Glenn Fogel told financial analysts last week during Booking Holdings' third quarter earnings call that Booking.com would begin letting partners know that compensation is on the way.
Missed Host Payments"During the quarter, some of our partners at Booking.com experienced delayed payments due to a planned upgrade to our finance and payment platforms in early July," Fogel said. "We've now cleared the
