Why Booking Holdings Looks Like A Post-Pandemic Winner – Barron’s

Booking Holdings stands to benefit from ‘meaningful infection’ in travel, analyst says in upgrade

While global travel is still depressed, Booking Holdings Inc. stands to benefit from a “meaningful inflection” upon a broad rollout of vaccination efforts, Jefferies analyst Brent Thill argued. He upgraded shares of Booking to buy from hold Tuesday, writing that the company is in a position to outperform in 2021 and 2022 given its diversified geographical revenue stream, relative low exposure to air fares, and high exposure to accommodations, which are recovering more quickly. Thill also likes the company’s large alternative-accommodations business, which he says represents about 20% of its revenue or a greater percentage than Expedia Group Inc. generates from alternative accommodations. “Accommodations are likely to recover the fastest, and in fact alternative accommodations are probably already close to pre-COVID levels, with a majority of travelers opting for vacation rentals instead of hotels,” Thill wrote. He raised his price target to $2,800 from $2,300 on the stock, which has risen 10.0% over the past three months as the S&P 500 has gained 8.3%.

Damien Pfirsch, CCO of Agoda: COVID-19 and the Big Rethink for Businesses

It’s been just over a year since COVID shook the world, and it has inevitably changed the way we live and work. While the impact has been widespread, the pandemic has also taught businesses valuable lessons. Agoda’s CCO Damien Pfirsch, shares four lessons — ways to make lemonade out of lemons — in a time where the “new normal” is fraught with changes and uncertainty.