Booking Holdings Inc
BKNG: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1,596.00 | Vshlzz | Lmsvlddch |
Booking's Network Continues to Strengthen With Payments, Flights, and Vacation Rental Traction
Business Strategy and Outlook
While inflation and credit market concerns present overhangs on Booking's near-term travel demand, we see the company exhibiting solid financial health. Further, we expect Booking's global online travel agency leadership position to increase over the next decade, driven by a healthy position in Asia-Pacific, continued leadership in Europe, and an expanding presence in vacation rentals, restaurant bookings, experiences, flights, and payments, all of which are backed by leading marketing and technology scale.