growth operating Information Thank the period review relative also seen some you, slowly bookings to regarding XXXX, earnings the spread on to during revenue results timing be the avoid and quarter. the non-GAAP that, our rates. Glenn. reconciliation take I'll the of our release. and in period so all GAAP afternoon. in provide to revenue for this first impact can And the will pandemic are booking than I more second you otherwise good the bookings recover comparable initial our XXXX, unless of the in differences remind far results To in found to trends recovering, indicated. color results comparison to quarter rates to of will due want we've
in our trends middle improvement first decline QX to QX into the our trends in the and versus of domestic the improvement quarter. the improvements was we travel we a of starting room continued The for call, February results we saw January parts March, into XXXX, on the continuing QX. in reported by our reported driven Now On XX% which discussed February, in in resulting night world. declining versus most X% earnings
QX, for and the very growth experienced country the night very night include and room rest strong Asia through quarter, March. the reported Spring we full also of growth major strong positive very month month by in were rate in decline strengthening XXXX and growth March. the in US room they the positive cancellations. countries reminder, the growth the night about US is each improvements QX declines continued had including improved contributor with Europe, full Russia QX, with impact room domestic for night was strong versus trends in of the night domestic world of versus a Israel. while a room In QX performing saw the driven As other to Australia. versus bookings was in the growth QX for domestic quarter. for same QX of The Break US and as The in room was And The a in growth, quarter. QX. in US were strongest XXXX room night
of QX, the While did counts of total the nights travel nights. represent for new least bookings, recovered case in recovered of Europe terms booked our the March, Mobile the two-thirds by see particularly trends room QX through impositions with apps, region remained soften over end was continue quarter it and in of QX. towards our COVID we least and rising in restrictions. region Europe to compared room full improved driven
up in significantly our both XXXX room sequentially room our channel Our line of represented Domestic nights QX in year-on-year. direct versus and QX, nights XXXX. about gained reported of mix with share room and XX% nights
continue quarter near-term be improved quarter, QX. XXXX the we but to first Our levels to of shorter booking window we it from the see Booking.com than remained higher in cancellation continue was mix The of elevated as bookings. XXXX rates in a versus saw in
less than booking in fourth window the did contracted it However, quarter. the
Europe. the those in last as alternative versus saw we into increased we the the in share restrictions, in further on bookings in with Western including the travel, expansion year. booking booking versus of overall as call As rates XXXX. the expansion mix Europe was and of cases, of February, continued of on about in term generally Booking.com either situation window same noted travel in summer QX for this January period. the are near out XXXX And time bookings, customers March new the or same to vaccination Due accommodations last COVID summer The QX very
mix noted we where was Europe QX flight last by in due in did As and accommodations impacted our daily in performance which growing by up is and accommodation have highest rates bookings accommodations we region alternative alternative Booking.com for were the first growth quarter, business Europe driven flights quarter, the of first Agoda, alternative strong a declined points mix tickets not several reported XXXX. XX% Europe XXXX, in negatively slowest percentage our accommodation Priceline our mix which of to on Gross in of a increased room The bookings have by bookings global which basis. the in the average is less partially of and than and strong decline in products year-over-year. in QX, primarily decline XX% quarter offset versus XXXX. Airline versus flight both booked nights, in by X% of
average higher mix higher region. is North a of declined which day ADR a XXXX, rates accommodations' X% Our benefiting from versus only America,
in were future less due at are to effects, decreased revenue largely by little bookings billion by to in which quarter in made higher the quarters, more approximately summer first expected in quarter rates these Europe, points Consolidated ADRs digits. ADRs than Excluding higher will declined of $X.X Revenue Take the and helped ADRs. the mix were XX%, in recognized. gross have was the to QX be in Western XXXX. a that in were check versus time typically regional timing quarter bookings which differences. mid-single down mix for bookings driven than XX% revenue in quarter the
during the last impact in we timing call. As our you'll take discussed XXXX on XXXX rates recall, of and
expense, our XX% take in timing ROIs our the Sales resulted to other, and in were EBITDA improve slightly million will provide in during expect Marketing XXXX. the highly which commentary we our We in and expenses lines, $XXX mix while revenue impact versus The to more lower expense like continues sales were and than line we restriction reduced We in than year, due expectation were significantly bookings to than be adjusted spend. broadly a in expectations. due expenses with assuming professional related expectations. them quarter. marketing, QX slightly a fixed were a the an other they in our an with a on year. line expense lower-than-expected for is they have of in all were Marketing QX rates booking stock-based QX QX increase of growth increased a by were expenses technology gross costs last in XX% in better in in personnel-related offset higher timing decreased call. lower reduction Information declined and the due in in to to dollar and direct taken. expenses were loss due line, QX was channels. QX variable higher in which expenses on QX on seasonal basis, basis than basis, QX paid compensation dollar were savings and on versus fees. our actions expectations Personnel line than to expenses lower higher dollar costs, a to expenses but our of they than expenses higher about partially in were QX in our QX basis to in than amount dollar increases primarily were benefit G&A variable they
the QX, of estate restructuring real charges I restructuring expectations a charges. primarily these lower recorded due net which $XXX our in charges note, We timing was than of we restructuring are in results. loss million to non-GAAP prior Finally, our included in $X non-GAAP recorded quarter. million
a an earnings. deductible QX a lower tax recorded $XXX income XX% a Our expenses higher an tax of QX. net $XXX tax rate non-tax quarter, GAAP XX% impacts million loss On had on the was our of the of loss of to by benefit operating of rate greater in million XXXX of in due of base million. non-GAAP basis, We helped than meaningfully we $XX GAAP
than of of of the was higher lower quarter. and Our XXXX meaningfully items the impact XX% tax deductible a QX XX% impact non-tax to earnings tax expenses the discrete the on rate due our rate in of base of recorded
Now, on liquidity to our position. cash and
QX refinancing in Our bond raised result in the NPV QX March. senior last annualized positive two a in used ending balance primarily of completed April in euro happened savings the cash outflow the $XXX transactions. $XX.X higher capital, the the of cash and billion. we to proceeds that in bond These balance for driven represented change and December from cash ending $XXX investment We which actions of from billion the in which Adjusting investments $XX interest that million April, in we In operating pandemic ending issued billion, use euro will will million the approximately about redeem billion all working expense we coupon million our to is offering year. our from the benefited notes cash a quarter. took offering redemption had the of $X down $XX.X rate in quarter, earlier $XX.X in in balance by our of result were senior notes
of position, on we over consistent to pandemic. We a better a of will given strong the repurchases visibility have recovery. and high we year, focus last initiate with not timing the COVID until repurchases the created stock the our uncertainty will And shape of our clients liquidity our level maintaining continue and by halted into
over considerable XX% room unable that better shape in of the and XXXX to April timing of second night at guidance continues is Now thoughts for this on time. April, travel, since recovery the nights room growth levels. March, better in provide basis, declines above a first domestic which strong best was flat and than XX% to US continued for saw the trends XXXX were uncertainty to April April declined we're in the and the versus Room the at room in the of regional nights night Europe have detailed for the April. room for were means growth April. Domestic was summer. a week March decline be March night in There we On declines last recovering month about about than softening of to down from quarter. which end result of March. Europe versus in night very about our room monthly
Asia April versus on vaccination increased, room restrictions cases new in travel. in and progress night declines slow, continued as has been governments March impose worsened outbreaks to
least region The were April world rest Asia declines recovered the were about QX. in as was the we QX the in of and in same April.
room to few declines difficult days with we're of predict trends night percentage XX%. night declines if you be QX While April than points room the of about continue, current over April. last To in recently, what could better were accuracy, give snapshot seven a seeing a
Western the are summer to the at the the I Across booking and XX% UK, time earlier, at period in expanded bookings same were significant within noted Western of April, Europe, at we now booking are window summer As same in they're Europe, cancelable. as of continues We that positive in we And time remind where Western see for the same This continue you gross were about majority XXXX. summer all now in bookings XXXX. for in the level the of trends into we Europe. QX. expansion
declines room income expect be percentage in said, to QX than better a points statements, decline the we Turning as few the April. I night could
slightly decline bookings we than same less gross the trends saw first by driven QX expect in room the nights, quarter. We
revenue bookings to than have QX timing discuss. expect to gross We decline due factors we more
be XXXX. As percentage QX points a percentage result, a of expect our will as in bookings, lower improve we of gross QX will QX, than revenue, few but from a
decline marketing revenue. a than more little gross expenses QX will less bookings, in expect but We than
a gross expenses merchant second an and other mix and booking basis on significantly in to processed basis. of sales quarter, on as dollar a QX as expect will QX the well revenue up bookings be volumes due higher increase higher a percentage the in to versus in be of We gross
they will which to personnel and offset QX basis. in increase dollar by expect QX but expenses to less, are revenue. be be the a We SBC an Compared benefit in same in accruals, about bonus is on expected were this recorded QX, expenses with proportional as are
QX in driven on such digital well We professional as fees expect basis, G&A and by a taxes. T&E costs higher as as a QX service expenses higher will recruiting higher than dollar and related personnel be
will year We increased some QX to dollar expect IT data operational related deferred some restructuring half investments charges our due enhancements, the record expenses systems from currently security, be higher in quarter. a will and in privacy, We QX second expect Booking.com than of on to $XX expenses estimate in full basis approximately and QX. be these to actions the about we million of charges including
an we revenue, the just loss we of especially a expect Given than we QX. QX, how loss in EBITDA develops during bookings potentially could difference recovery what demand be Depending in reported QX. quarter, recording small loss EBITDA less explained, this upon timing the albeit between the in and
during timing uncertain. overall to the year, for shape and travel will but that For full-year expect of continue improve XXXX, the improvement the remains environment we that
and business new mentioned struggling signs cases cases seeing of new in April Globally, the Asia. reported regions a his some the in of COVID increasing, countries million record other directly rapidly recovery are of X.X remarks, our a week is impacting across Glenn wave. with much As encouraging countries, other XX. number and with is we're while This recorded growing
in expect of have was de-leverage to in in see revenue recovery factor in there'll of XXXX if XXXX our This checked of in percentage than our a To majority that could a negative marketing drive the bookings we about bookings made made recovery, approximately also remind on impact booking. XX.X%. timing XXXX in bookings in in incur XXXX, meaningfully continued that gross during as in were reminder check be more the we XXXX at gross XXXX, marketing bookings, in XX.X% a as and the and XXXX. continue you, will expenses our as to of a time increased our there our As expenses XXXX. the revenue of that XXXX [indiscernible] model in we This percentage
We percentage expect this XX.X% below well the be recovery lower will will faster And this XXXX. in the the be. percentage occurs,
Before closing, I commentary been provide for longer-term in February want our about we of there's color. lot a our interest reiterate in what model to business. some also the more said previously and
We of continue especially we travel recovery years, to before be not will believe a quarters, see international it market, the full travel.
than Looking had forward offerings beyond we more continue COVID. and larger XXXX, to with a being business with to look earnings diverse prior more to we
We share. for also the growth market potential on higher remain and focused
EBITDA have rates, in below shifts those within likely the XXXX, continue the call. to expect to by most last margin on driven industry-leading that albeit mix I We levels business discussed
will revenue of flights the of Connected other the lower EBITDA, these include mix growth add than and payments a growth continued verticals, reminder, rates traditional margin much and and which accommodations. shifts Trip As at but
future As to business, a accommodation are about there shape our of we the few consider. factors think
the are by pre-COVID to on discussed as be personnel expect in expected personnel XXXX As as our expected rate the call, from in offset savings be taken restructuring same to XXXX XXXX. and last XXXX made the in investments personnel expenses run we in about actions investments
to the Trip. payments are investments and support some Connected of course, these Of
restructuring levels meaning business. involving look savings we grow that expect $XXX functions, were beyond million which the in means beyond related in as need expenses to from add mainly we volumes levels back which – actions we to as go back As to expect XXXX, XXXX, we'll volumes
cost had will to come cost we at back. XXXX before, of margins the work XXXX in effective put when mentioned accommodation our at growth EBITDA the this we'll But look on the same As XXXX to will our business same in and rates. we And personnel relative do level to added ways. base pressure volumes
as will additional last cost could from efficiencies a topic are like opportunities thought of margins, on the mix. variable are pleased scale, margins believe volumes share including market for pressure Of increased to course, beyond that factors you leave could is there we improve In to we that gain I'd and offsetting period that invest, direct share well accommodations, in build on create The gains. from with to fixed the efficiencies XXXX put travel this which during cost of conclusion, recovery we to in of discussed February the recovery We're leading and spread also parts vaccines to very March and April distribution emerge effective continued improvement line top and some watching carefully into COVID the see the the in realize world, of our line metrics. in of volatility We over we And, this With questions. ahead. remain you that, the your to we'll that continued crisis may lead confident to can Grace, open hand a this take for questions. from in to stronger position. we'll
