OpenTable, Uber Announce Strategic Partnership: What's Going On With Booking Holdings Stock Monday?

Booking Holdings Inc BKNG shares are trading lower on Monday. The company and Uber Technologies Inc UBER announced a strategic global partnership.

What Happened: OpenTable, part of Booking Holdings, and Uber formed a new strategic partnership, pairing Uber’s ride-hailing and delivery services with OpenTable’s restaurant network.

The companies plan to work together to develop integrations of the Uber Eats, Uber and OpenTable apps to offer easy access to dining reservations and transportation options.

“We’re always looking for ways to help people go out and get the best of their cities. As a first step, our partnership with OpenTable will make it easier than ever to find and book a great restaurant and get there without a hitch,” said Dara Khosrowshahi, CEO of Uber.

The new partnership is expected to roll out in phases throughout 2025. Both companies are committed to expanding features of the combined offering over time. The collaboration is expected to be available in the United States, Canada, United Kingdom, Mexico, Australia and Ireland.

BKNG Price Action: Booking Holdings shares are down about 10% year-to-date. Travel names have broadly struggled in recent months as tariffs have sparked recession fears. Booking Holdings stock was down 3.71% at $4,462.18 at the time of publication Monday, according to Benzinga Pro.

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