Booking Holdings CEO Stresses Need for Tech Solution to International Travel

Glen Fogle, CEO of Booking Holdings, discusses the impact of COVID-19 on the travel industry, highlighting the challenges and opportunities for recovery. He emphasizes the importance of vaccinations and potential solutions like vaccine passports to facilitate safe travel. Fogle also talks about Booking.com's promotions to encourage travel and the need for global cooperation in vaccination efforts. The conversation touches on the outlook for summer travel, particularly in Europe, and the implications of evolving tax policies on businesses.

What is the main reason for the current increase in travel demand according to Glen Fogle?

• The end of the pandemic

• Lower travel costs

• Increased vaccination rates

• Government travel incentives

What is one proposed solution to facilitate international travel during the pandemic?

• Vaccine passports

• Mandatory quarantine for all travelers

• Free travel insurance

• Increased flight frequency

Why is there a concern about the slow vaccination rollout in less developed economies?

• It will decrease tourism demand

• It could result in more virus mutations

• It will increase government restrictions

• It may lead to increased travel costs

What is the expected impact of increased vaccination rates on summer travel?

• No change in travel patterns

• Decrease in travel demand

• Increase in travel bookings

• Increase in travel restrictions

What is a potential outcome if vaccination rates do not improve?

• There will be more travel incentives

• Travel will become cheaper

• Travel restrictions will remain

• Tourism will recover quickly

What is the main concern regarding the proposed global minimum tax?

• It may not be accepted by all countries

• It will increase travel costs

• It will decrease innovation

• It will only affect digital companies

How does Glen Fogle view the relationship between taxes and innovation?

• Taxes have no impact on innovation

• Innovation is independent of taxes

• Taxes always promote innovation

• High taxes can hinder innovation