BKNG

Booking Holdings Inc

TMT, Consumer


Presented:08/21/2023
Price:$3,052.00
Cap:$108.93B
Current Price:$4,307.77
Cap:$144.42B

Presented

Date08/21/2023
Price$3,052.00
Market Cap$108.93B
Ent Value$99.13B
P/E Ratio26.36x
Book ValueN/A
Div Yield0%
Shares O/S35.69M
Ave Daily Vol330,337
Short IntN/A

Current

Price$4,307.77
Market Cap$144.42B
Booking Holdings, Inc. engages in the provision of online travel and related solutions. The company offers services through the following brands: Booking.com, KAYAK, Priceline, Agoda, Rentalcars.com, and OpenTable. It provides accommodation reservations including hotels, hostels, apartments, vacation rentals, and other properties. The company was founded by Jay Scott Walker on July 18, 1997, and is headquartered in Norwalk, CT.

Publicly traded companies mentioned herein: Airbnb Inc (ABNB), Booking Holdings Inc (BKNG)

Highlights

The presenter is long shares of Booking.com (BKNG) and short shares of Airbnb (ABNB). His analysis centers around the contrasting trajectories of these two prominent players in the online travel industry. He emphasizes that Booking.com is benefitting from increased efficiency of marketing costs as it remains ~5% of total bookings annually and the company is seeing increased ROI over 2022. This reduction in costs is seen as a pivotal factor contributing to the company's enhanced operational efficiency. While Booking.com is experiencing tailwinds from their strategic focus on marketing, European market dynamics, and prudent capital allocation, Airbnb may be priced for perfection in the midst of potential real estate/supply challenges.

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Idea Discussion

Commentor 1 - 2 weeks ago

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