Booking Holdings now expects second-quarter revenue growth of 4% to 6%, missing Wall Street’s 11% consensus estimate.
The company attributes the weaker outlook to ongoing travel disruptions caused by the Middle East conflict, which are expected to persist through June.
Earlier, Booking Holdings also lowered its full-year revenue and adjusted EPS forecasts, citing reduced demand on Middle Eastern and Europe-Asia travel routes due to the conflict.
Can Booking's stock price defy gravity amid slashed forecasts and a brewing travel industry crisis?
With Mideast travel collapsing, is Booking's massive AI investment a real solution or a costly distraction?
Booking is battling a travel collapse and EU lawsuits. Which threat is more dangerous to its future?
As geopolitical anxiety now trumps economic fears, is the era of mass global tourism ending?
With jet fuel prices doubled, are regional airports and budget airlines facing an extinction event?
How is the Hormuz blockade permanently redrawing the maps for global travel and trade routes?