StubHub (STUB) Gets 13% Boost from Booking.com Deal

We recently published 10 Big Names With Explosive Growth. StubHub Holdings, Inc. (NYSE:STUB) is one of the best performers on Wednesday.

StubHub extended its rally to a second day on Wednesday, jumping 13.53 percent to end at $19.72 apiece as investors reacted positively to its partnership with Booking.com to capture the growing trend of travelers attending live events.

Beginning this month, customers purchasing tickets from StubHub will now be able to search and book places to stay near event venues, add flights and car rentals for out-of-town trips, and discover and reserve local attractions, tours, and activities, following the integration of Booking.com on its platform.

StubHub Holdings, Inc. (NYSE:STUB) said that the partnership was aimed at capturing the “gig-tripping” market, or those traveling specifically to attend concerts, games, and cultural events.

Data from StubHub Holdings, Inc. (NYSE:STUB) showed that the number of international buyers to attend US events increased by 32 percent year-on-year, while US fans traveling to attend overseas events doubled during the same comparable period.

“Live events are driving global travel, and StubHub is leading that movement. With Booking.com, we are making it easier than ever for fans to go from buying a ticket to planning their entire trip—all in one place they already trust,” said StubHub Holdings, Inc. (NYSE:STUB) VP Shaun Stewart. “Whether it’s a big game, a sold-out concert, or a must-see Broadway show, our customers can now extend the experience beyond the ticket.”

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Disclosure: None. This article is originally published at Insider Monkey.