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Booking Sees Weaker Final Quarter as Prices, Unrest Hurt Travel

Key Points

Booking Sees Weaker Final Quarter as Prices, Unrest Hurt Travel Booking Holdings Inc.’s outlook for the fourth quarter fell short of analyst expectations as pricier flights and protests in Paris affected demand in October. The online travel platform expects gross bookings to grow 2% to 4% in the last three months of the year from the year before, weaker than the 7% growth anticipated by analysts.

Booking Sees Weaker Final Quarter as Prices, Unrest Hurt Travel Booking Holdings Inc.’s outlook for the fourth quarter fell short of analyst expectations as pricier flights and protests in Paris affected demand in October. The online travel platform expects gross bookings to grow 2% to 4% in the last three months of the year from the year before, weaker than the 7% growth anticipated by analysts.
Unrest Hurt Travel Booking (ORG) Unrest Hurt Travel Booking Holdings Inc.’s (ORG) Paris (LOCATION)
Originally published by Bloomberg Markets Read original →