Booking Holdings Leases 24,000 Sq Ft Toronto Office; Shares Down 25% Post-Split
BKNG•OpenTable leased 24,000 square feet at 134 Peter Street in Toronto to host engineering, sales, finance, marketing and customer service teams with capacity for over 200 hires. Booking Holdings shares have fallen 25% since its split and are touted as ten-year buys on Asian expansion and a robust network-effect moat.
1. Toronto Expansion Accelerates Canadian Operations
OpenTable, part of Booking Holdings, has expanded its Canadian footprint by signing a multi-year lease for 24,000 square feet at 134 Peter Street in Toronto’s Downtown West. The office will serve engineering, sales, finance, marketing and customer service teams and support over 200 hires, tapping into local tech talent.
2. Share Performance and Long-Term Investment Case
Booking Holdings shares have declined roughly 25% since its recent stock split, prompting investors to consider the dip for long-term positions. Investors highlight the company’s expansion potential in Asian markets and its durable network-effect moat as catalysts for sustained growth despite broader industry headwinds.
