Booking.com to return $ 110M state aid

Booking.com CEO, Glenn Fogel announced that they intend to repay the aid they received through the Netherlands payroll support and government subsidies from other countries.


In a statement, Booking said that the aid was received during the uncertainty in the pandemic, but the increasing booking trend, especially in some countries, encouraged the company.

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The state aid that Booking has announced it will repay is approximately 110 million dollars in total.


The nearly $31 million (mostly in stock) compensation package that Booking.com paid the company’s CEO and CFO for 2020 caused criticism in the Netherlands.

This post was published on 4 June 2021 7:24 pm

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