Business · Companies · 3 hrs ago

Booking Holdings Sees Weaker Travel Demand and Fourth-Quarter Outlook

Booking Holdings Sees Weaker Travel Demand and Fourth-Quarter Outlook

Booking Holdings, the US parent company of Booking.com, reported fewer bookings in the past quarter.

The company said unrest in some European cities, including Paris, affected travel demand.

The war in the Middle East also played a role, according to the company.

Higher flight prices and protests in Paris affected demand in October.

The company’s fourth-quarter outlook fell short of analysts’ expectations.

That suggests travel demand may remain under pressure as the year ends.

2 sources

Related