Booking Holdings has seen business slow down since the start of the Israel-Hamas war, but CEO Glenn Fogel says investors should focus on the company’s long-term story.
In an interview with Barron’s, Fogel highlighted Booking’s record third-quarter, and said he expects the strong travel trend to continue in the long run. “I saw this when Russia invaded Ukraine—instantly big drop—Eastern Europe particularly. But then, you see things start to normalize,” Fogel said. “Given the assumption that hopefully there’s no further expansion , that would mean that we would have an eventual normalization there too.”
Newsletter Sign-up Ticketmaster parent Live Nation Entertainment ‘s third-quarter earnings and revenue also crushed analysts’ forecasts, reflecting robust consumer appetite for concerts and other live entertainment.