AI Fears Provide an Entry Opportunity
In Q1, gross bookings and revenue are expected to rise by 14 to 16%
Stock split in a ratio of 25:1 announced for April
Reading Time: 2 minutes
Booking Holdings (BKNG) is for me an interesting long opportunity again after the 20% pullback since the beginning of the year. I believe that the stock has found a bottom with the announced progress on the connected travel experience "Connected Trip” and the Genius loyalty program, which accounts for over 50% of booked overnight stays. The fears around AI are an opportunity, as Booking has a large reach, proprietary data, and helps customers with regulatory requirements down to local payments. The barriers to entry are therefore high. The CEO...
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