Unlike Expedia and Airbnb, which have been more dependent on American travel demand, Booking derives the majority of its revenue from Europe, and it’s a company based there. It has experienced significant growth over the past three quarters, with earnings increasing by an average of 23%. The Q1 report indicates expected growth of 10% to 12%. It seems that being farther from the U.S., and less dependent on it, is proving to be an advantage.
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