The strong US dollar has stymied growth at the Priceline Group, which owns Booking.com among other brands and now makes 90% of its money in Europe, the UK and Asia-Pacific.
But the company still posted a gross profit for the third quarter of USD2.9 billion.
Of this, USD2.6 billion was generated outside the company’s home market of the United States, which contributed just USD300 million to the result.
This disparity is likely to grow wider with Priceline predicting its gross US travel bookings “are expected to decrease by 5% – 10%” in the fourth and final quarter of 2015 compared with 2014.
Overall, Priceline said the total value of travel it sold in the third quarter was USD14.8 billion, up 7% over last year.
The result, which investors found disappointing, equates to 22% on a constant currency basis.
“The Priceline Group delivered strong growth and operating results during its high travel season,” said Darren Huston, President and CEO of The Priceline Group.
“Globally, our accommodation business booked a record 116 million room nights in the 3rd quarter, up 22% over the same period last year.
“Gross profit grew 29% on a constant currency basis.
“Booking.com showed continued positive momentum with over 820,000 properties on its platform, up 38% over last year.
“This represents over 21 million potentially bookable rooms, the largest, and most diverse, selection of directly bookable accommodations in the world.”