The CEO of Booking.com Speaks to Wake Up to Money
Wake Up to Money
BBC
4.4 • 754 Ratings
🗓️ 6 August 2025
⏱️ 56 minutes
🧾️ Download transcript
Summary
It's one of the biggest travel companies on the planet and one of the top 20 companies on the Nasdaq, with a value of more than £130 billion, making it bigger than FTSE-listed companies like Unilever and Arm Holdings. Will Bain talks to Booking's chief executive, Glenn Fogel, about how AI is disrupting the jobs market, overtourism, and whether hotels are fighting back against short-term lets.
Two new reports on the property market paint a gloomy picture for first-time buyers, mortgage-holders and renters - is the divide growing?
Plus, the average age of cars on UK roads has reached a record high of nearly 10 years - we hear from a used car salesman about how drivers' habits are changing.
Transcript
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| 0:00.0 | BBC Sounds, music, radio, podcasts. |
| 0:05.0 | Wake Up to Money from BBC 5 Live. |
| 0:08.0 | Hello morning, welcome to Wake Up to Money. |
| 0:11.0 | How many of you have been using booking.com for your holidays this summer? |
| 0:14.0 | We've been talking to the chief exec, Glenn Fogel, about, among other things, |
| 0:18.0 | whether the company is trying to steer people to other destinations to try |
| 0:22.1 | and ease the problem of overtourism. |
| 0:23.9 | Who am I to try and tell him, no, no, no, you don't get to go to London. |
| 0:28.0 | You only get to go to Birmingham. |
| 0:30.4 | Yeah, we'll be defending Birmingham's honour and hearing him talk about that and the impact |
| 0:33.9 | of AI a little bit later on in the program too. |
| 0:36.0 | Also today, the struggles of being a first-time house buyer. Four out of every five are having to live with their parents |
| 0:42.2 | so they can save for their first house. We'll be taking a look at that. And the cars on the UK's |
| 0:46.7 | roads are getting older and older. I've had it since last August. I think it's about seven years |
| 0:51.9 | old. We're going to be asking why. Wake up to Money with |
| 0:55.3 | with Will Bade. Morning, welcome to Wake Up to Money on Wednesday the 6th of August. Just gone, |
| 1:01.7 | 5 o'clock in the morning. We're with you again this morning. Great as always to have you with us |
| 1:05.9 | on the program. Yes, we're going to hear quite a bit from the boss of booking.com, not just one of the biggest travel companies in the world, one of the biggest companies in the world. |
| 1:14.6 | Full stop. So we'll get his thoughts, obviously, on the problem of over tourism and summer holiday trends. But you're going to hear him talk to about AI in their business and how they're using it already, not just to help steer you to a holiday |
| 1:29.3 | of your choice, but also to try and make things a bit more efficient in the business as well. |
| 1:34.1 | And the trade-offs that that mean, so we'll be getting into that AI debate once again, |
| 1:38.7 | I suspect, and plenty, as one of our guests was just telling me before we went on air about as |
... |
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