Booking Holdings – The Only Travel Stock You Need (and should want) to Own!

Booking Holdings is a dominant, highly profitable compounder that continues to strengthen its lead and remains brilliantly positioned for sustained growth in the decade ahead. The company continues to outgrow its peers, such as Airbnb and Expedia, steadily expanding its moat, improving profitability, and gaining market share in every major region. Booking is not getting disrupted by Airbnb in the slightest. Instead, it continues to gain market share. The company has brilliant financials, growing its revenue at a low-to-mid-teens rate, and has improved its EBITDA margin sequentially in every single quarter over the last three years. It now generates over $8 billion in FCF annually at a 38% FCF margin, and nearly all of this cash is returned to shareholders.