• Instagram
  • LinkedIn
  • WhatsApp
  • Youtube
  • Twitter
  • English English English en
  • Deutsch Deutsch German de
  • Русский Русский Russian ru
Email: [email protected]
Iran travel agency to travel to Iran
  • Home
  • Iran Tours
    • Iran tour packages price
    • Iran Culinary and Traditional Music Tour (8 day)
    • Iran Ancient (8 day)
    • Iran People (12 day)
    • Iran Inspiration (14 day)
    • Iran Old Roads (14 day)
    • Taste of Iranian Music (14 day)
    • Iran Black Tents (15 day)
    • Silkroad on Your Bike (16 day)
    • Iran Desert and Culture (18 day)
    • Iranian Ziggurat (21 day)
    • Black Church (22 day)
    • Iran Glory (23 day)
    • Iran Nature and Historical Sightseeing (25 day)
  • Adventure Tours
    • Dizin (5 day)
    • Dizin – Kish (7 day)
    • Damavand (9 day)
    • Trekking in North of Iran (12 day)
  • Services
    • Iran Visa
      • Visa Services
      • Visa for U.S , U.K & Canadian Citizens
    • Iran Hotels
    • Iran Guides
    • Transportation
    • Car Rental
    • MICE Services
    • Tailor Made Itinerary and Services
    • Iran Travel Insurance
    • Domestic Flight Ticket
  • Iran Cities
  • Iran Guidebook
    • Iran
    • Climate
    • Iran Dress Code
    • Persian Cuisine
    • Transport Information
    • Language
    • Iran Currency
    • Iran Map
    • Iran Tourist High Season and Low Season
    • Public Holidays in Iran
    • Learning Farsi
  • Gallery
    • Iran Cities Photos
    • Gashttour Tours Photos
  • News
  • Blog
  • About Us
    • About Gashttour
    • Awards & Certificates
    • CEO Message
    • Our Customers Testimonials
  • Contact Us
  • Search
  • Menu

Booking Holdings to Repay $110 Million in Pandemic Aid After Dutch Criticism About Bonuses

Booking Holdings

U.S. travel firm Booking Holdings Inc. on Friday said it will repay $110 million in assistance it received from governments during the COVID-19 pandemic, following criticism in the Dutch parliament about the company’s 2020 executive pay.

In a filing with the U.S. Securities and Exchange Commission, the company said it would repay some $110 million it had received from various governments, including $78 million in the Netherlands, home of its largest subsidiary.

“While the decision to accept this assistance was made during a period when the Company’s business was severely impacted and the timing and pace of the recovery of the travel industry were very uncertain, the Company is now encouraged by the improving booking trends,” it said.

Dutch politicians had criticized 2020 total compensation for CEO Glenn Fogel of $7.1 million and $24 million for CFO David Goulden. But in a debate on June two, the country’s social affairs minister had said there was no legal basis to demand the support be repaid.

The company defended the payments, which were mostly in the form of stock, as being in line with industry standards and dependent on future performance. Goulden’s pay included hiring and retention incentives.

“While we have not recovered fully, we have heard Dutch society, and have taken considerations seriously,” spokeswoman Leslie Cafferty said.

“We are thankful to the Dutch government for the support to help us preserve jobs for as long as possible and look forward to continuing to work with the government and our community.”

Booking reported an operating loss of $631 million in 2020, down from an operating income of $5.3 billion in 2019. The company’s stock has recovered the ground it lost at the start of the pandemic and reached all-time highs in expectation of a travel rebound this year.

Search

Recent
  • SaudiaSAUDIA and Tourism Authority of Thailand enter partners...May 21, 2022 - 6:33 am
  • Mandarin OrientalMandarin Oriental Mayfair set for winter openingMay 21, 2022 - 6:22 am
  • Network RailNetwork Rail announces Selmeston Solar Rail Connection project...May 21, 2022 - 6:00 am
  • blankGold Coast to host Australian Tourism Exchange 2023May 19, 2022 - 8:24 am
  • CruisesCelebrity Cruises launches first-ever NFT collectionMay 19, 2022 - 8:18 am
  • Las VegasDavid Blaine announces first-ever Las Vegas residencyMay 19, 2022 - 8:03 am
  • Turkey’s Travel & TourismTurkey’s Travel & Tourism sector to grow at twice...May 17, 2022 - 9:21 am
  • Playa Hotels & ResortsMarriott International collaborates with Playa Hotels &...May 17, 2022 - 9:02 am
  • North American AirlineNorth American airline passenger satisfaction declines:...May 17, 2022 - 8:51 am
  • FIFA World CupFIFA World Cup Trophy Tour kicks off a global journey in...May 15, 2022 - 6:03 am
  • Tourism AustraliaTourism Australia connects with top North American advisors...May 15, 2022 - 5:55 am
  • DP World TourHilton becomes the official partner of the DP World Tour...May 15, 2022 - 5:38 am
  • Location code‘Location code’ launched for access to Shanghai’s...May 12, 2022 - 4:44 am
  • AmadeusAmadeus profit takes off in first quarter as air travel...May 12, 2022 - 4:28 am
  • TripadvisorTripadvisor reports a net loss of $34 million in Q1 as the...May 12, 2022 - 4:18 am
Popular
  • Kashkan BridgeBridges in IranFebruary 2, 2020 - 10:57 am
  • blankIran emerging as the new experiential travel hotspotFebruary 10, 2019 - 7:02 am
  • blankChinese are allowed to visit Iran visa-freeJuly 1, 2019 - 10:31 am
  • blankIran Is Safe, Beautiful and Attracting: Marc WilmotsJuly 2, 2019 - 10:16 am
  • blankVisa-Free Regime for Chinese TouristsJuly 4, 2019 - 7:54 am
  • blankConstruction of Kish Island’s First 7-Star Hotel Unde...July 6, 2019 - 6:28 am
  • Darbe ShazdehRanking of Iran hotelsJuly 8, 2019 - 12:47 pm
  • Iranian ForestUNESCO Adds Iranian Forest To World Heritage ListJuly 9, 2019 - 10:12 am
  • iran is safeUNWTO says to introduce Iran as safe tourism destination;...July 18, 2019 - 9:57 am
  • Traditional HotelAnother traditional hotel start working in IsfahanJuly 23, 2019 - 7:38 am
  • ChabaharForeign Travelers to Chabahar Up 147%July 24, 2019 - 11:33 am
  • iran tourIran Tourism Grows 1.9% to Account for 6.5% of GDPJuly 30, 2019 - 9:42 am
  • Iran's Top HotelsIran’s Top 8 Hotels in 2019: Trip Advisor Travelers’...August 1, 2019 - 8:23 am
  • Visa Hong KongVisa-Free Regime for Hong Kong TouristsAugust 3, 2019 - 10:16 am
  • iran tourIran Ambassador: Iran major destination for foreign tou...August 4, 2019 - 8:14 am
Tags
Caves of Iran Culture of Iran Culture Tour Historical places in Iran Iran Attractions Iran cities Iran Desert Iranian Cuisine Iranian food Iran Mountain Iran Tour Iran tourist attractions Iran Travel Islands of Iran Lakes of Iran Provinces of Iran Shiraz Travel to Iran UNESCO World Heritage Sites in Iran World Heritage Site

Calendar

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Sep   Nov »

Instagram

Follow Me!

Our Partners:

blank

Services:

Iran Visa
Iran Hotels
Iran Tour Guide
Iran Travel Insurance
Domestic Flight Ticket
Car Rental
MICE services

Iran Cities:

Tehran
Shiraz
Isfahan
Yazd
Kerman
Kish
Mashhad

Iran Tours:

Iran People  12 day – 11 night
Iran Inspiration 14 day – 13 night
Iran Ancient 8 day – 7 night
Iran Old Roads 14 day – 13 night
Iran Glory 23 day – 22 night
Black Tents 15 day – 14 night
Iran Desert 18 day – 17 night

Contact:

blank

© Copyright IT Department Gashttour Travel Agency
  • Instagram
  • LinkedIn
  • WhatsApp
  • Youtube
  • Twitter
U.S Travel to Europe – A Summer Revival? U.S travel to Europe Foreign Tourists May Enter Foreign Tourists May Enter
Scroll to top
  • English