Reported 2 months ago
Booking Holdings has forecasted a slowdown in room nights growth for the third quarter, with an anticipated increase of only 3% to 5%, compared to 7.1% in the previous quarter. This news, following a beat on Wall Street expectations for second-quarter revenue and profit, led to an 8% drop in the company's shares. The booking window is expected to continue shrinking, which could impact future occupancy rates and revenues.
Source: YAHOO