QUICK SPARK: Booking Holdings Eyes Worst Month Since June 2022
Booking Holdings Inc. (NASDAQ: BKNG ) is down 18.6% in September, on pace to log its worst month since June 2022. Three things broke at once: On Sept. 9 the EU General Court upheld Brussels’ block of the $1.63 billion eTraveli deal, closing Booking’s route into flight booking. Brent then pushed above $100 on the Iran conflict, reviving fears that costlier airfares crimp discretionary travel. And the Fed’s first rate hike in three years compressed consumer multiples. Bernstein argues AI agents threaten online travel take rates and marketing efficiency. Expedia Group Inc. (NASDAQ: EXPE ), down 5.4% Tuesday, removed eight senior executives in August as part of an AI reorganization. Booking already cut FY26 revenue growth guidance to high single digits in April, citing the Middle East. Image: Envato Elements
Booking Holdings Inc. 6% in September, on pace to log its worst month since June 2022. Three things broke at once: On Sept. 63 billion eTraveli deal, closing Booking’s route into flight booking.
Brent then pushed above $100 on the Iran conflict, reviving fears that costlier airfares crimp discretionary travel. And the Fed’s first rate hike in three years compressed consumer multiples. Bernstein argues AI agents threaten online travel take rates and marketing efficiency. Expedia Group Inc.
4% Tuesday, removed eight senior executives in August as part of an AI reorganization. Booking already cut FY26 revenue growth guidance to high single digits in April, citing the Middle East. Image: Envato Elements